Allianz Trade vs IGF (Independent Growth Finance): UK Invoice Finance Comparison 2026
See how Allianz Trade 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?
These are different products rather than like-for-like invoice finance rivals (Allianz Trade: trade credit insurance and bad debt protection; IGF (Independent Growth Finance): invoice finance). UK businesses still weigh them side by side, so the real question is which job you need doing, not which is the better invoice finance line. Allianz Trade typically takes 1 to 3 weeks (policy underwriting) to set up; IGF (Independent Growth Finance) advances up to 90% (receivables); stock up to 85%, plant up to 75%, setup time not published. Allianz Trade has no turnover minimum as such; eligibility is set by policy underwriting, IGF (Independent Growth Finance) needs £5m minimum turnover.
Side-by-side
Full reviews: Allianz Trade · IGF (Independent Growth Finance)
| Compared on | Allianz Trade | IGF (Independent Growth Finance) |
|---|---|---|
| Product type | Trade credit insurance and bad debt protection | Invoice finance (ABL, CID), asset-based lending |
| Min turnover | Set by policy underwriting | £5m |
| Advance rate | N/A (insurance, not advance against ledger) | Up to 90% (receivables); stock up to 85%, plant up to 75% |
| Typical fee | Premium as a percentage of insured turnover | Bespoke pricing |
| Confidential available? | N/A | Yes |
| Factoring available? | N/A | Yes |
| Setup speed | 1 to 3 weeks (policy underwriting) | Not published |
Sources for these figures: 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 Allianz Trade wins
- Protects against customer insolvency and protracted default.
- Can be added alongside an existing invoice finance facility.
- Strengthens funding terms when a ledger is insured.
Best for
Protecting against customer non-payment, Insuring an existing IF ledger, Exporters managing debtor risk.
Watch outs
- Not invoice finance: it insures debt, it does not advance cash.
- Provides no working capital on its own.
- Premiums and underwriting add cost and lead time.
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
Allianz Trade or IGF (Independent Growth Finance): which fits your business in 2026?
They do different jobs (see the product types above), so pick by the job you need doing.
How do Allianz Trade and IGF (Independent Growth Finance) price their facilities?
Pricing: Allianz Trade, premium as a percentage of insured turnover; IGF (Independent Growth Finance), not published, quoted 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 Allianz Trade or IGF (Independent Growth Finance)?
Allianz Trade is not an invoice finance facility, so confidential invoice discounting does not apply. IGF (Independent Growth Finance) offers confidential invoice discounting (your customers are not notified).
Who is each one not suited to?
Allianz Trade is a poor fit for businesses that need cash now. 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 Allianz Trade 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 we pass your details to one of the finance partners we work with, who comes back to you with quotes, with no obligation to proceed.
Related
- Full Allianz Trade review
- Full IGF (Independent Growth Finance) review
- Allianz Trade alternatives
- IGF alternatives
- Close Brothers Invoice Finance vs Ultimate Finance
- Aldermore Invoice Finance vs Close Brothers Invoice Finance
- Allianz Trade vs Close Brothers Invoice Finance
- All UK invoice finance comparisons
- Browse every reviewed UK invoice finance provider
- UK invoice finance by region
Sources
- Figures for Allianz Trade come from its own website.
- Figures for IGF (Independent Growth Finance) come from its own website.
- 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. We pass your details to one of the finance partners we work with, who 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 Allianz Trade and IGF (Independent Growth Finance) quotes
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How we make money: Market Invoice is an independent comparison service, not a lender. We may be paid by the finance partners we introduce you to. This could be a fee or commission, depending on the partner and the finance arranged. It does not change what you pay. 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. We may be paid by the finance partners we introduce you to. This could be a fee or commission, depending on the partner and the finance arranged. It does not change what you pay. 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.