Skipton Business Finance vs Time Finance: UK Invoice Finance Comparison 2026
Skipton Business Finance edges this one in our 2026 UK review at 4.2 of 5 against 4.1 for Time Finance. Both are UK independent invoice finance providers, freer than banks on covenants and faster on decisioning. The difference is sector specialism, headline rate and minimum turnover floor. Skipton Business Finance advances up to 90% with setup in 5 working days; Time Finance advances up to 90% with setup in 7 working days. Time Finance still wins where sme service businesses matters more than the headline score. Read the side-by-side, then check the "when X wins" sections for the buyer-fit logic.
Side-by-side
| Skipton Business Finance | Time Finance | |
|---|---|---|
| Cluster | independent | independent |
| Product type | Invoice finance (CID, factoring, ABL) | Invoice finance, asset finance, vehicle finance |
| Min turnover | £100k | £250k |
| Advance rate | Up to 90% | Up to 90% |
| Typical fee | 0.5% to 2.5% service charge | 1.5% to 3% service charge |
| Contract / commitment | Whole-ledger or selective | Whole-ledger or selective |
| Confidential available? | Yes | Yes |
| Factoring available? | Yes | Yes |
| Setup speed | 5 working days | 7 working days |
| Best for | SME manufacturing and wholesale; Cost-sensitive Yorkshire/Northern businesses; Mutual-style funder preference | SME service businesses; Multi-product facility seekers; £250k-£5m turnover |
| Overall rating | 4.2 / 5 | 4.1 / 5 |
| Last reviewed | 2026-05-12 | 2026-05-12 |
When Skipton Business Finance wins
- 0.5% headline service charge, market-competitive.
- Backed by Skipton Building Society, mutual-style.
- Strong regional UK manufacturing and wholesale presence.
- SME-friendly: £100k turnover floor.
Best for
SME manufacturing and wholesale, Cost-sensitive Yorkshire/Northern businesses, Mutual-style funder preference.
Watch outs
- Smaller team than Bibby or Close Brothers.
- Less aggressive on recruitment sector than specialists.
- Less digital-led than fintech alternatives.
When Time Finance wins
- AIM-listed independent, financial transparency.
- Multi-product cross-sell capability.
- SME-friendly underwriting culture.
- £150m annual funding scale.
Best for
SME service businesses, Multi-product facility seekers, £250k-£5m turnover.
Watch outs
- Not the lowest-cost mainstream choice.
- Less brand presence than Bibby or Close Brothers.
- Smaller team than mid-market banks.
FAQ
Skipton Business Finance or Time Finance: which is the better UK invoice finance provider in 2026?
Skipton Business Finance scores higher overall in our 2026 review at 4.2 of 5 versus 4.1 for Time Finance. That headline does not settle the answer though. Skipton Business Finance is the stronger pick for sme manufacturing and wholesale; Time Finance is the stronger pick for sme service businesses. If your business fits one of those use cases, ignore the rating and pick the right fit.
What are the headline commercials, Skipton Business Finance vs Time Finance?
Skipton Business Finance advances up to 90% at 0.5% to 2.5% service charge. Time Finance advances up to 90% at 1.5% to 3% service charge. Minimum turnover is £100k for Skipton Business Finance and £250k for Time Finance. Setup runs 5 working days for Skipton Business Finance and 7 working days for Time Finance. Bespoke pricing is common above £1m ledger so verify before signing.
Can I get a confidential facility with either Skipton Business Finance or Time Finance?
Skipton Business Finance offers confidential invoice discounting (your customers are not notified). Time Finance offers confidential invoice discounting. If your customer relationships make disclosure a non-starter, that determines the answer regardless of headline rate.
Where does each one struggle?
Skipton Business Finance is the wrong fit for recruitment specialists. Time Finance is the wrong fit for sub-£250k 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 Skipton Business Finance and Time Finance?
Yes. We are an independent UK invoice finance comparison operated by Best Business Loans Ltd (16833937). We are not tied to either provider. Tell us monthly turnover, sector, debtor profile and whether you need the facility confidential. We match you against the UK invoice finance providers most likely to approve at a competitive rate, then stay your editorial reference for life.
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Tell us monthly turnover, sector, debtor profile and whether the facility needs to be confidential. We match you against the UK invoice finance providers most likely to approve at a competitive rate, then stay your editorial reference for life.
Get quotes →Reviewed by Oliver Mackman, Director. Last reviewed: 2026-05-12. Editorial by Best Business Loans Ltd (16833937).