Invoice Finance Comparison2018-06-15T12:09:36+00:00

Invoice Finance Comparison

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INVOICE FINANCE MENU

Compare products from leading invoice finance providers across the market and apply online instantly.

You can manage the application directly with the lender if you prefer, or work with one of our unbiased experts. They will cross check your application, ensure your application has the highest possible chance of success and suggest more suitable products where appropriate.

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Latest Invoice Finance Products

We work with the lender on your behalf, ensuring the application is completed quickly and on the best possible terms. We don’t charge a fee for arranging invoice finance, meaning you get all the benefits of a specialist broker without any hidden fees. Talk to an expert or apply online using our invoice finance comparison tool below.

Product IF0001 - Apply Now
Disc Charge (From)
1.5%
Service Charge (From)
0.25%
Max Advance Rate
90%
Min Turnover
£60,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up
Product IF0002 - Apply Now
Disc Charge (From)
1.5%
Service Charge (From)
0.35%
Max Advance Rate
90%
Min Turnover
£400,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up
Product IF0003 - Apply Now
Disc Charge (From)
1.5%
Service Charge (From)
0.4%
Max Advance Rate
90%
Min Turnover
£50,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up
Product IF0004 - Apply Now
Disc Charge (From)
2%
Service Charge (From)
0.45%
Max Advance Rate
85%
Min Turnover
£10,000,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up
Product IF0005 - Apply Now
Disc Charge (From)
1.5%
Service Charge (From)
0.5%
Max Advance Rate
90%
Min Turnover
£10,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up
Product IF0006 - Apply Now
Disc Charge (From)
2%
Service Charge (From)
0.5%
Max Advance Rate
90%
Min Turnover
£250,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up
Product IF0007 - Apply Now
Disc Charge (From)
1.75%
Service Charge (From)
0.5%
Max Advance Rate
85%
Min Turnover
£75,000
Products Offered
Invoice Factoring
Min Trading Time
From Start Up
Product IF0008 - Apply Now
Disc Charge (From)
2%
Service Charge (From)
0.65%
Max Advance Rate
85%
Min Turnover
£5,000,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up
Product IF0009 - Apply Now
Disc Charge (From)
2%
Service Charge (From)
0.89%
Max Advance Rate
85%
Min Turnover
£3,000,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up
Product IF0010 - Apply Now
Disc Charge (From)
2%
Service Charge (From)
1.39%
Max Advance Rate
85%
Min Turnover
£2,000,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up
Product IF0011 - Apply Now
Disc Charge (From)
2%
Service Charge (From)
1.75%
Max Advance Rate
85%
Min Turnover
£1,500,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up
Product IF0012 - Apply Now
Disc Charge (From)
2%
Service Charge (From)
1.95%
Max Advance Rate
85%
Min Turnover
£1,000,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up
Product IF0013 - Apply Now
Disc Charge (From)
2%
Service Charge (From)
2.25%
Max Advance Rate
85%
Min Turnover
£750,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up
Product IF0014 - Apply Now
Disc Charge (From)
2%
Service Charge (From)
2.5%
Max Advance Rate
85%
Min Turnover
£550,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up
Product IF0015 - Apply Now
Disc Charge (From)
2%
Service Charge (From)
2.75%
Max Advance Rate
85%
Min Turnover
£450,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up
Product IF0016 - Apply Now
Disc Charge (From)
2%
Service Charge (From)
2.95%
Max Advance Rate
85%
Min Turnover
£250,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up
Product IF0017 - Apply Now
Disc Charge (From)
2%
Service Charge (From)
3.75%
Max Advance Rate
85%
Min Turnover
£150,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up
Product IF0018 - Apply Now
Disc Charge (From)
2%
Service Charge (From)
4%
Max Advance Rate
85%
Min Turnover
£50,000
Products Offered
Factoring & Discounting
Min Trading Time
From Start Up

Choosing The Best Deal

There are a number of invoice finance providers out there, all with slightly different offerings. Finding the best option for your business isn’t always easy. Before signing up with a particular lender you should consider the following:

1. Credit Control – Factoring vs Discounting

If credit control is an issue in your business or is a hassle you could do without, you are more likely to be drawn to invoice factoring. The additional service could offer significant benefits to your company. On the other hand, if maintaining the relationship with your customer during credit control, or keeping the facility confidential is key, invoice discounting could well be right for you.

2. Total Charges – Not Just The Headline Figures

Understanding lender fees is important and discussing them with an experienced and impartial advisor can help you understand the total costs that will be incurred by your business.

3. Hidden Fees Or Terms

Not all providers will show the entirety of their fees in facility documents. Make sure you read all accompanying paperwork to ensure you understand all fees and terms. The results of a cost comparison between two providers can vary significantly if all fees aren’t taken into consideration.

4. Concentration Limits

A concentration limit is how much of the total facility amount is allowed to be with a certain debtor.

For example, if your concentration limit was 30%, and your facility £1,000,000, no more than £300,000 would be lent against invoices raised to this customer. If debt with your largest customer hit £500,000, then only £300,000 would be seen as eligible debt. This would effectively reduce the prepayment level.

Concentration limits only tend to become an issue if a single customer hits 20% of the total money owed to you. Some facilities will impose a strict 20% concentration limit whereas others would accept 100% of the debt with a single customer.

When looking to take on a new facility, consideration should be given to both now and what may happen in the future. By thinking ahead, issues can be avoided further down the road when you may need to release the funds quickly.

Get Started Straight Away

Compare invoice factoring and discounting products, apply online instantly and start saving money.

If you need some help in choosing the most suitable product, call us on 01922 620008 to talk through your requirements with one of our experts. We won’t charge you any broker fees, so why not take advantage of some free advice to make sure you get the best deal.

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