Questions About UK Invoice Finance

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

Ultimate Finance says it sets up a facility within one week. Close Brothers, Skipton and Time Finance publish no setup time. Bibby and the high street banks we list (HSBC, Lloyds, Barclays, NatWest and Santander) do not publish one either. Once a facility is live, several lenders, including Ultimate Finance and Time Finance, say funds arrive within 24 hours of an invoice.

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: most providers quote per facility. Bigger turnover gets lower rates.