Switching Feasibility Checker
Most invoice finance switches do not stall on whether a new funder wants the ledger. They stall on the exit: the notice period in the existing agreement, any minimum term still to run, and the release or ranking of the outgoing funder's security over the same receivables. This checker tells you which of those applies to you and what a new provider will ask for. It does not tell you that a switch is approved, what it will cost, or when it will complete, because none of those can be known from these answers.
Your current position
Feasibility
Straightforward
What a new provider will ask for
A reading of the answers you gave, not a decision, an offer or a timeline. Whether a switch completes, and when, depends on your agreement's actual wording and on both funders.
| Band | When it applies | What it means in practice |
|---|---|---|
| Straightforward | No minimum term left, no third-party debenture, notice period of 3 months or less | The exit is administrative. The security release still has to happen, but nothing is contested |
| Needs a deed of priority | A separate lender also holds a debenture over the same assets | Two lenders must agree ranking before you can draw. This is routine but it is the step that sets the date |
| Notice period constrains timing | A long notice period, or a minimum term still to run | The switch is possible but the date is not yours to choose. Starting the search early is worth more than negotiating hard |
| Check the exit cost first | An early termination charge applies or is unknown | The saving from moving can be smaller than the cost of leaving. Get the redemption figure in writing before comparing |
Source: Market Invoice switching model, based on the deed of priority guide
Bands describe the obstacle, not the likelihood of approval. A new funder's appetite for the ledger is a separate question.
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### How the bands are decided | Band | When it applies | What it means in practice | | --- | --- | --- | | Straightforward | No minimum term left, no third-party debenture, notice period of 3 months or less | The exit is administrative. The security release still has to happen, but nothing is contested | | Needs a deed of priority | A separate lender also holds a debenture over the same assets | Two lenders must agree ranking before you can draw. This is routine but it is the step that sets the date | | Notice period constrains timing | A long notice period, or a minimum term still to run | The switch is possible but the date is not yours to choose. Starting the search early is worth more than negotiating hard | | Check the exit cost first | An early termination charge applies or is unknown | The saving from moving can be smaller than the cost of leaving. Get the redemption figure in writing before comparing | Source: Market Invoice switching model, based on the deed of priority guide Bands describe the obstacle, not the likelihood of approval. A new funder's appetite for the ledger is a separate question.
Switching checklist
The checker above tells you what is in the way. This list covers the steps to move without a gap in funding. Tick each one as you go, or print it and work through it alongside your notice period.
For the reasoning behind each step, see the full switching guide. To put a number on leaving, use the exit cost calculator.
“The commonest reason a switch fails is not in any of these answers: the incumbent simply drags. It has no obligation to make leaving quick, and a redemption figure or a signed release can take longer than the credit decision it is holding up. The second commonest is that the business starts the search after serving notice rather than before, which hands the timetable to everyone else. Neither shows up as a band here, and both are more predictive than the paperwork.”
What this tool tells you
It answers whether you can get out, and what governs the timing. It does not tell you whether a new funder will want the ledger: the eligibility checker shows which lenders publish a minimum turnover that fits, and the application readiness checklist lists what they ask for. It also does not tell you the cost: use the exit cost calculator for that. For the security mechanics, who signs, the typical timescales and the costs, see the deed of priority guide. If the facility was withdrawn rather than something you chose to leave, start at the withdrawn facility hub.
Founder & Managing Director, Muswell Rose, founder and PSC of Best Business Loans Ltd
Adam was managing director of Penny, a UK invoice finance business, from July 2020 to November 2023. His career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library. Career record.
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