Quick Compare:

1. Funding Agent

Funding Agent Funding Agent is a UK business finance broker that helps SMEs access funding from a panel of lenders. It suits UK SMEs seeking clear options and predictable terms. Here's what to know:

Loan Details

• Min Amount: £10,000
• Max Amount: £1,000,000
• Min APR: 5%
• Max APR: 15%
• Loan Duration: 6 to 72 months⌛

Services & Industries

• Finance Types: Working Capital Loan, Business Expansion Loan
• Industries: Technology, Healthcare, Manufacturing

Pros

• Competitive APR
• Flexible terms

Cons

• Eligibility criteria apply

Sources: https://www.fundingagent.co.uk

2. Bibby Financial Services

Bibby Financial Services Bibby Financial Services is a leading independent invoice finance provider that works with a variety of sectors. It offers flexible cash flow solutions often secured on invoices or other assets. Suitable for SMEs needing quick access and flexible terms. Here's what to know:

Loan Details

• Min Amount: £2,000
• Max Amount: £500,000
• Min APR: 7%
• Max APR: 29%
• Loan Duration: 12-24 months⌛

Services & Industries

• Finance Types: Invoice Finance, Asset Finance
• Industries: Various

Pros

• Flexible terms
• Broad industry focus

Cons

• Fees can be high

Sources: http://bibbyfinancialservices.co.uk/

3. Kriya

Kriya Kriya offers flexible funding options including invoice finance and working capital solutions, often facilitated through broker channels. Suitable for SMEs seeking quick, flexible access to capital with various security options. Here's what to know:

Loan Details

• Min Amount: £5,000
• Max Amount: £10,000,000
• Min APR: 1.5%
• Max APR: 0%
• Loan Duration: Various⌛

Services & Industries

• Finance Types: Invoice Finance, Working Capital Loan
• Industries: B2B

Pros

• Flexible options
• No hidden costs

Cons

• Selective finance options

Sources: https://www.4thway.co.uk/visitmarketfinance

4. Skipton Business Finance

Skipton Business Finance Skipton offers invoice finance solutions that can be tailored for both small and larger UK businesses. Suitable for firms seeking flexible funding with quick turnaround times. Here's what to know:

Loan Details

• Min Amount: £0
• Max Amount: £0
• Min APR: 0%
• Max APR: 0%
• Loan Duration: Interest-free options available⌛

Services & Industries

• Finance Types: Invoice Factoring
• Industries: SMEs

Pros

• Interest-free options
• Clear costs

Cons

• Limited product range

Sources: https://www.skiptonbusinessfinance.co.uk/business-finance

5. Close Brothers

Close Brothers Close Brothers provides flexible finance options including asset-backed funding, leasing, and refinancing for UK SMEs. Suitable for firms that require varied collateral options and quick decisions. Here's what to know:

Loan Details

• Min Amount: £10,000
• Max Amount: £1,000,000
• Min APR: 6%
• Max APR: 0%
• Loan Duration: Various⌛

Services & Industries

• Finance Types: Asset Finance, Leasing, Refinancing
• Industries: Various

Pros

• Variety of options
• Specialist products

Cons

• Rates vary by proposal

Sources: https://www.closeassetfinance.co.uk/s/

6. Aldermore Bank

Aldermore Bank Aldermore offers flexible business finance solutions, including invoice and asset finance, often secured on assets for growth funding. Suitable for SMEs looking for accessible funding options and quick approvals. Here's what to know:

Loan Details

• Min Amount: £25,000
• Max Amount: £2,000,000
• Min APR: 0%
• Max APR: 0%
• Loan Duration: 3 months to 7 years⌛

Services & Industries

• Finance Types: Invoice Finance, Asset Finance
• Industries: Various

Pros

• Tailored solutions
• Expert support

Cons

• Higher minimum loan value

Sources: https://www.aldermore.co.uk/business-finance/

7. Hitachi Capital (Novuna Business Finance)

Hitachi Capital (Novuna Business Finance) Hitachi Capital, now Novuna, offers flexible funding solutions for diverse business sectors, often with options for secured or unsecured finance. Suitable for firms seeking adaptable funding with a variety of security and repayment choices. Here's what to know:

Loan Details

• Min Amount: £7,500
• Max Amount: £250,000
• Min APR: 6.3%
• Max APR: 36.4%
• Loan Duration: Various⌛

Services & Industries

• Finance Types: Business Loans
• Industries: Various

Pros

• Straightforward options
• Speedy fund release

Cons

• High maximum APR

Sources: https://www.novuna.co.uk/business-finance/

8. Optimum Finance

Optimum Finance Optimum Finance provides invoice financing for SMEs, often secured against invoices and receivables. Suitable for businesses needing quick cash flow solutions with flexible repayment options. Here's what to know:

Loan Details

• Min Amount: £10,000
• Max Amount: £500,000
• Min APR: 0%
• Max APR: 0%
• Loan Duration: Various⌛

Services & Industries

• Finance Types: Invoice Finance
• Industries: SMEs

Pros

• Focus on cash flow
• Tailored for B2B SMEs

Cons

• Limited to invoice finance

Sources: https://optimumfinance.co.uk/

9. Metro Bank

Metro Bank Metro Bank offers a variety of business loans, often secured against assets or receivables, with fixed rates and quick approval processes. Suitable for UK SMEs seeking predictable repayment terms and rapid decisions. Here's what to know:

Loan Details

• Min Amount: £5,000
• Max Amount: £25,000
• Min APR: 9.6%
• Max APR: 9.6%
• Loan Duration: 24 to 36 months⌛

Services & Industries

• Finance Types: Business Loans
• Industries: Various

Pros

• Fixed APR
• Fast decisions

Cons

• Limited loan amount

Sources: https://www.metrobankonline.co.uk/business/borrowing/products/commercial-loans/

10. Growth Lending

Growth Lending Growth Lending offers tailored finance solutions, including invoice finance and working capital, often with flexible security arrangements. Suitable for SMEs needing quick access to funds with straightforward terms. Here's what to know:

Loan Details

• Min Amount: £0
• Max Amount: £0
• Min APR: 0%
• Max APR: 0%
• Loan Duration: Unknown⌛

Services & Industries

• Finance Types: Invoice Finance, Working Capital
• Industries: SMEs

Pros

• Tailored finance
• Supports growth

Cons

• Limited public data

Sources: https://www.expertmarket.co.uk/invoice-factoring/top-10-invoice-financing-companies-in-the-uk

How to choose

When selecting a provider for invoice finance, consider the size of funding needed and the speed of access. Brokers like Funding Agent can offer multiple options quickly, while specialised lenders may offer more flexible terms or sector focus. Evaluate fees, repayment structures, and security requirements. Matching your company's cash flow, growth plans, and sector needs will help find the best fit. Always review each lender’s detailed criteria before applying.

Conclusion

Matching your funding to your needs involves choosing between direct lenders, brokers, or specialist providers. Brokers like Funding Agent facilitate quick price comparisons across many options. For larger or sector-specific needs, direct or specialised lenders may be more suitable. Always confirm current costs and terms with the lender; pricing may change.