How Quickly Can I Get Invoice Finance?
Typical setup: 3-10 working days. Fast-track: 48 hours with some providers. Once live, each invoice is funded within 24 hours of submission.
The Setup Timeline
Application
Submit your details - turnover, industry, customer list, bank statements. Most providers have online applications that take 10-15 minutes. Or use our quote tool and providers come to you.
Due diligence
The provider runs credit checks on your top customers (not you - your customers). They review your aged debtor report and bank statements. They may ask follow-up questions about specific invoices or customers.
Offer and legal
You receive a formal offer with rates, advance rates, and terms. Legal documents are prepared. For straightforward cases, this can be same-day. Complex multi-debtor or high-value facilities take longer.
Go live
Sign the agreement. The provider sets up your online portal. You connect your accounting software (if applicable). Submit your first invoices and receive your first advance - usually the same day.
24-hour funding
Once live, submit an invoice in the morning and have the advance in your bank by end of day. Some providers offer same-day CHAPS transfers for an additional £15-25 fee.
Speed by Provider
| Provider | Typical Setup | Fast Track? |
|---|---|---|
| Ultimate Finance | 3 days | Yes - 48 hours |
| Close Brothers | 5 days | Case by case |
| Bibby | 5 days | Case by case |
| IGF | 5 days | Yes |
| Skipton | 7 days | No |
| High street banks | 10-15 days | No |
What Slows Things Down
- Complex debtor book: 50+ customers across multiple industries takes longer to underwrite than 5 blue-chip customers.
- International invoices: Export factoring requires overseas credit checks and correspondent factor arrangements.
- Poor documentation: If you can't quickly provide bank statements, aged debtor reports, and sample invoices, expect delays.
- Existing facilities to discharge: If you're switching from another provider, there's a debenture transfer process that adds 5-10 days.
Director, Best Business Loans Ltd
Oliver leads Market Invoice's editorial and comparison research. With a background in UK commercial finance, he oversees provider analysis, rate verification, and industry reporting across all verticals.
Last reviewed: 23 May 2026