Questions About UK Invoice Finance

Most UK invoice finance providers require £50,000-£100,000 minimum annual turnover. Some specialists like Triver, Hydr, Pulse Finance, Sonovate and Kriya accept startups with no minimum. Confidential invoice discounting typically needs £500,000+ turnover.

Ultimate Finance leads at 3-day setup. Most providers (Close Brothers, Bibby, Skipton) take 5-7 days. High street banks (HSBC, Lloyds, Barclays) typically take 4 weeks. Once your facility is live, individual invoices fund within 24 hours of submission.

Yes. Invoice finance is secured against your invoices and your customers' creditworthiness, not yours. Specialists like IGF Invoice Finance, Bibby and Ultimate Finance regularly accept businesses with CCJs, defaults, or in turnaround. The key factor is your customers' ability to pay, not your own credit history.

Service charge: 0.5-3% of invoice value. Discount charge: Bank of England base rate (3.75%) + 1-3% margin, charged daily on the cash advanced. Total cost typically lands at 1.3-3.1% of turnover annually. Service charge from 0.5% (Close Brothers, Skipton). Bigger turnover gets lower rates.