eCapital vs IGF (Independent Growth Finance): UK Invoice Finance Comparison 2026

Both operate in UK independent invoice finance, outside the high street banks. They differ on sector focus, headline pricing and the minimum turnover they will consider. eCapital advances up to 90% with setup typically in 5 to 10 working days; IGF (Independent Growth Finance) advances up to 90% receivables + stock + plant with setup typically in 10 working days. eCapital needs £100k minimum turnover, IGF (Independent Growth Finance) needs £1m minimum turnover. Read the side-by-side below, then jump to the "when X wins" sections.

Side-by-side

Full reviews: eCapital · IGF (Independent Growth Finance)

As of 2026-06-24. Headline rates and advance percentages reflect each provider's published or commonly-offered position; larger facilities are typically priced bespoke, so verify before signing.
eCapital IGF (Independent Growth Finance)
Product type Invoice finance (factoring, CID, ABL)Invoice finance (ABL, CID), asset-based lending
Min turnover £100k£1m
Advance rate Up to 90%Up to 90% receivables + stock + plant
Typical fee Negotiated service charge plus discount marginBespoke pricing
Contract / commitment Whole-ledger or selectiveWhole-ledger or selective
Confidential available? YesYes
Factoring available? YesYes
Setup speed 5 to 10 working days10 working days
Last reviewed 2026-05-272026-06-24

When eCapital wins

  • Full range: factoring, confidential discounting and ABL under one roof.
  • International group backing with UK underwriting.
  • Experience across recruitment, transport and wholesale ledgers.
  • Will consider businesses banks decline.

Best for

Recruitment and transport ledgers, SMEs wanting factoring plus ABL, Businesses declined by banks.

Watch outs

  • Headline rates negotiated rather than published.
  • Setup can run longer than fintech competitors.
  • Brand familiarity lower than the high street and large independents.

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.
  • Flexible covenant negotiation.
  • Established mid-market ABL reputation.

Best for

Mid-market businesses of £1m-£100m turnover, Complex ABL needs (receivables + stock), Turnaround and restructure cases.

Watch outs

  • Pricing bespoke, not transparent in marketing.
  • Setup 10 days, slower than monoline IF.
  • Facilities start around £2m, so smaller SMEs are out of scope.

FAQ

eCapital or IGF (Independent Growth Finance): which is the better fit for UK invoice finance in 2026?

eCapital is the stronger fit for recruitment and transport ledgers; IGF (Independent Growth Finance) fits mid-market businesses of £1m-£100m turnover better. The "when X wins" sections above break this down by profile, and the commercials are covered in the next question.

What are the headline commercials, eCapital vs IGF (Independent Growth Finance)?

eCapital advances up to 90% at negotiated service charge plus discount margin. IGF (Independent Growth Finance) advances up to 90% receivables + stock + plant at bespoke pricing. eCapital needs £100k minimum turnover, IGF (Independent Growth Finance) needs £1m minimum turnover. Setup runs 5 to 10 working days for eCapital and 10 working days for IGF (Independent Growth Finance).

Can I get a confidential facility with either eCapital or IGF (Independent Growth Finance)?

eCapital offers confidential invoice discounting (your customers are not notified). IGF (Independent Growth Finance) offers confidential invoice discounting (your customers are not notified).

Where does each one struggle?

eCapital is the wrong fit for buyers wanting published headline pricing. IGF (Independent Growth Finance) is the wrong fit for smaller SMEs below roughly £1m turnover. If either describes your business, browse the side-by-side or get matched against the wider UK panel via our quote form.

Can Market Invoice help me choose between eCapital 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 will match you against UK invoice finance providers likely to approve, with no obligation to proceed.

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Reviewed by Oliver Mackman, Director, Best Business Loans Ltd. Last reviewed: 2026-06-24. Editorial by Best Business Loans Ltd (16833937).

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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 MarketFinance / Kriya or to any provider named on this page. If you take out a facility after we introduce you to a lender or broker, we may be paid a commission or referral fee by that party; 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.