Select Invoice Finance Review
Select Invoice Finance is an independent UK selective invoice finance provider. Its founder, Nick Blaxhall, set it up in 2016. Rather than taking your whole sales ledger, it funds the invoice or group of invoices you choose, on facilities from £25,000 to £250,000, and lets you draw up to 80% of the invoice value. It charges no set-up or arrangement fees and no early repayment penalties, and does not publish its rates (Select: how it works, about us, read 14 October 2026).
What this page covers
This page covers
Select Invoice Finance selective facilities, facility range, advance rate and fees
Not covered here
General invoice finance education (see /guides/), sector pages (see /industries/), the full provider directory (see /providers/)
Key Facts
Who it suits
Select suits a business that sells to other businesses and wants to fund one invoice, or a few, when it needs to, rather than sign up its whole sales ledger. Select says the sector does not matter, there is no long-term contract and nothing to pay when you are not using the facility. It says approval rests mainly on your customer's creditworthiness, not your own credit history, and that confidential facilities are available with no contact with your customer.
It is less suited to a business that needs more than £250,000, or wants more than 80% of each invoice up front. In those cases, look at whole-ledger lenders as well.
Source: Select's home page, read 14 October 2026.
Other lenders to compare
These lenders offer whole-ledger facilities and publish some of their terms.
| Lender | Published minimum turnover | Paid up front | Source |
|---|---|---|---|
| Ultimate Finance | None published | Up to 95% | ultimatefinance.co.uk |
| Time Finance | None published | Up to 90% | timefinance.com |
| Bibby Financial Services | None published | Up to 85% | bibbyfinancialservices.com |
| Skipton Business Finance | None published | Up to 90% | skiptonbusinessfinance.co.uk |
Figures as published on each lender's own website, checked 14 October 2026. None of these lenders publishes its fees.
Setting Up With Select Invoice Finance
- 1
Sign up
After you get in touch, Select works through your cashflow requirement and a short application. It says first contact to funds in your account can take as little as 48 hours.
- 2
Invoice approval
You and Select agree the invoice, or group of invoices, from your unpaid sales ledger that you want funded. Select verifies them before paying out.
- 3
Payout
Once the invoices are verified and you confirm your requirement, Select releases up to 80% of their value by same-day faster payment at no extra cost. The facility clears when your customer pays the invoice.
FAQs
What's the minimum turnover Select Invoice Finance requires?
Select does not publish a minimum turnover. What it publishes is a facility range of £25,000 to £250,000, so the practical test is whether you have invoices of that order to fund. Businesses needing more than £250,000 should look at whole-ledger lenders.
Does Select offer selective invoice finance or whole ledger?
Selective. Select funds the invoices you choose and you use the facility only when you need it. If you want a whole-ledger factoring or confidential invoice discounting facility, compare the independents and banks in our provider directory instead.
What does Select charge?
Select does not publish its rates. It says there are no set-up or arrangement fees, no early repayment penalties and no charge for same-day payments, and that you pay only for the funds you are using. Ask for the full cost of funding a specific invoice before you commit.
Is selective invoice finance a loan?
No. Select advances money against an invoice you have already raised, and the facility clears itself when your customer pays that invoice. Longer payment terms mean the advance is outstanding for longer, so ask how the charge is worked out for your customer's terms.
Our Verdict
Select Invoice Finance is worth considering if you need to fund particular invoices, up to £250,000, without signing up to a whole-ledger facility. With no set-up fees and no long-term contract it is easy to try. The 80% draw and the £250,000 ceiling are the limits. Ask for the full cost of funding a specific invoice and compare it with at least one other lender.
Official site: Select Invoice Finance
Founder & Managing Director, Muswell Rose, founder and PSC of Best Business Loans Ltd
Adam is the founder and managing director of Muswell Rose and a founder of Best Business Loans Ltd, the company behind Market Invoice. He spent over three years as managing director of Penny, a UK invoice finance business, and his career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library.
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