Aldermore Invoice Finance vs IGF (Independent Growth Finance): UK Invoice Finance Comparison 2026
See how Aldermore Invoice Finance compares to IGF (Independent Growth Finance) side by side, then get three tailored quotes to weigh alongside them. Free, no obligation, and nothing to pay if you decide not to proceed.
Start here: what fits your business?
Both are UK invoice finance providers outside the high street banks. Aldermore Invoice Finance advances up to 90%, setup time a few days to a few weeks; IGF (Independent Growth Finance) advances up to 90% (receivables); stock up to 85%, plant up to 75%, setup time not published. Aldermore Invoice Finance needs £750k minimum turnover, IGF (Independent Growth Finance) needs £5m minimum turnover.
Side-by-side
Full reviews: Aldermore Invoice Finance · IGF (Independent Growth Finance)
| Compared on | Aldermore Invoice Finance | IGF (Independent Growth Finance) |
|---|---|---|
| Product type | Invoice finance (Receivables Finance, factoring, CID) | Invoice finance (ABL, CID), asset-based lending |
| Min turnover | £750k | £5m |
| Advance rate | Up to 90% | Up to 90% (receivables); stock up to 85%, plant up to 75% |
| Typical fee | Not published (quoted per facility) | Bespoke pricing |
| Confidential available? | Yes | Yes |
| Factoring available? | Yes | Yes |
| Setup speed | A few days to a few weeks | Not published |
Sources for these figures: Aldermore Invoice Finance: advance rate · Aldermore Invoice Finance: minimum turnover, setup timescale, Growth Guarantee Scheme, funds typically within 24 hours; offers discounting (can be confidential), factoring and asset based lending · Bibby Financial Services acquires Aldermore's Working Capital Finance division (26 June 2023); that division's clients moved to Bibby · IGF: up to 90% of trade debtor value, up to 85% of eligible stock, up to 75% of plant and machinery value, facilities £2m to £25m, over £600m under management (March 2025) · IGF: UK businesses with over £5m annual turnover
When Aldermore Invoice Finance wins
- Accredited to offer the Growth Guarantee Scheme (per Aldermore).
- Funds typically within 24 hours, according to Aldermore.
- Offers invoice discounting (which can be confidential), factoring and asset based lending.
Best for
Businesses with £750k+ turnover, Cross-product banking relationship seekers, Growth Guarantee eligible.
When IGF (Independent Growth Finance) wins
- ABL specialist: receivables + stock + plant under one facility.
- Facilities of £2m to £25m, where monoline IF lenders cap out.
Best for
Businesses over £5m turnover needing £2m or more, Complex ABL needs (receivables + stock), Turnarounds and refinancing (igfgroup.com about page).
Watch outs
- Facilities start around £2m, so smaller SMEs are out of scope.
FAQ
Aldermore Invoice Finance or IGF (Independent Growth Finance): which is the better fit for UK invoice finance in 2026?
On what they publish, they differ on minimum turnover (Aldermore Invoice Finance: £750k minimum turnover; IGF (Independent Growth Finance): £5m minimum turnover), and the most they advance (Aldermore Invoice Finance: up to 90%; IGF (Independent Growth Finance): up to 90% (receivables); stock up to 85%, plant up to 75%). Start with the one whose published terms fit your business, then compare a quote from each. Only Aldermore Invoice Finance publishes a setup time (a few days to a few weeks).
How do Aldermore Invoice Finance and IGF (Independent Growth Finance) price their facilities?
Neither publishes its pricing; both quote per facility. Get a written quote from each on the same invoices and compare the total cost.
Can I get a confidential facility with either Aldermore Invoice Finance or IGF (Independent Growth Finance)?
Both Aldermore Invoice Finance and IGF (Independent Growth Finance) offer confidential invoice discounting (your customers are not notified).
Who is each one not suited to?
Aldermore Invoice Finance is a poor fit for sub-£750k turnover. IGF (Independent Growth Finance) is a poor fit for businesses under £5m turnover. If that describes your business, you can get 3 free quotes through our quote form.
Can Market Invoice help me choose between Aldermore Invoice Finance and IGF (Independent Growth Finance)?
Yes. marketinvoice.co.uk is an independent comparison and introducer service operated by Best Business Loans Ltd (company 16833937), and is not tied to either provider. Share your turnover, sector and debtor profile and our introduction partner, a UK invoice finance provider, handles your enquiry and comes back to you with quotes, with no obligation to proceed.
Related
- Full Aldermore Invoice Finance review
- Full IGF (Independent Growth Finance) review
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- Browse every reviewed UK invoice finance provider
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Sources
- Figures for Aldermore Invoice Finance come from its own website.
- Figures for IGF (Independent Growth Finance) come from its own website.
- Aldermore Invoice Finance: advance rate
- Aldermore Invoice Finance: minimum turnover, setup timescale, Growth Guarantee Scheme, funds typically within 24 hours; offers discounting (can be confidential), factoring and asset based lending
- Bibby Financial Services acquires Aldermore's Working Capital Finance division (26 June 2023); that division's clients moved to Bibby
- IGF: up to 90% of trade debtor value, up to 85% of eligible stock, up to 75% of plant and machinery value, facilities £2m to £25m, over £600m under management (March 2025)
- IGF: UK businesses with over £5m annual turnover
Get 3 free quotes
Tell us monthly turnover, sector, debtor profile and whether the facility needs to be confidential. Our introduction partner, a UK invoice finance provider, handles your enquiry and comes back to you with quotes. Free, and no obligation to proceed.
Get my 3 quotes →Best Business Loans Ltd (16833937), directed by Oliver Mackman, owns and operates Market Invoice. Last updated: .
Compare Aldermore Invoice Finance and IGF (Independent Growth Finance) quotes
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How we make money: Market Invoice is an independent comparison service, not a lender. Our introduction partner pays us a fixed fee for each business we introduce, whether or not you go ahead; you never pay us and it is never added to your costs. How we are funded.
Disclosure: marketinvoice.co.uk is an independent invoice finance comparison and introducer service operated by Best Business Loans Ltd (company number 16833937). It is a separate business and is not connected to Kriya, Allica Bank or to any provider named on this page. Our introduction partner pays us a fixed fee for each business we introduce, whether or not a facility follows; this is never added to your costs. Invoice finance for limited companies is not a regulated activity, so this comparison is general information rather than regulated financial advice. Figures are indicative; larger facilities are commonly priced bespoke, so confirm terms directly with the provider before you sign.