Alternatives to Close Brothers Invoice Finance
The main UK invoice finance alternatives to Close Brothers Invoice Finance are Bibby Financial Services, Aldermore Invoice Finance, Skipton Business Finance and HSBC Invoice Finance, compared below on product type, minimum turnover, advance rate, typical fee, setup speed and our overall rating.
Pick the alternative that fixes whatever Close Brothers Invoice Finance does not do for you: a lower entry point, faster setup, a higher advance or a different product type. More detail + scope
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UK invoice finance alternatives to Close Brothers Invoice Finance, compared on product type, minimum turnover, advance rate, typical rate, setup speed and rating
Not covered here
In-depth single-provider reviews (see /providers/), head-to-head comparisons (see /vs/), general invoice finance education (see /guides/)
Close Brothers Invoice Finance vs the 4 alternatives
| Compared on | Close Brothers Invoice Finance | Bibby Financial Services | Aldermore Invoice Finance | Skipton Business Finance | HSBC Invoice Finance |
|---|---|---|---|---|---|
| Product | Invoice finance (CID, factoring, ABL) | Invoice finance (factoring, CID, ABL) | Invoice finance (Receivables Finance, factoring, CID) | Invoice finance (CID, factoring, ABL) | Invoice finance (CID, factoring), trade finance integration |
| Cluster | independent | independent | independent | independent | high-street |
| Min turnover | £750k | Not published | £750k | £100k | £1m |
| Advance rate | Up to 90% | Up to 85% | Up to 90% | Up to 90% | Up to 95% |
| Typical rate | Not published (quoted per facility) | Not published (quoted per facility) | Not published (quoted per facility) | Not published (quoted per facility) | Not published (quoted per facility) |
| Setup speed | 5 working days | 5 working days | A few days to a few weeks | 5 working days | 10 to 15 working days |
| Rating | 4.5 | 4.4 | 4.2 | 4.2 | 4.0 |
Bibby Financial Services
5 working days · Up to 85%Describes itself as one of Europe's largest independent invoice finance providers, funding over 8,500 businesses; part of the family-owned Bibby Line Group and formed in 1982.
Aldermore Invoice Finance
A few days to a few weeks · Up to 90%Challenger bank (Aldermore Bank plc) offering invoice discounting, factoring and asset-based lending, with advances up to 90% and a £750,000 minimum turnover. Accredited for the Growth Guarantee Scheme.
Skipton Business Finance
5 working days · Up to 90%Invoice finance lender that is a wholly owned subsidiary of Skipton Building Society, headquartered in Yorkshire. Strong on SME and regional manufacturing. Less national brand awareness but consistent service ratings.
HSBC Invoice Finance
10 to 15 working days · Up to 95%Global high street bank with strong trade finance integration. Invoice discounting needs £1m+ actual or projected turnover, with advances up to 95%. Multi-currency advance and letters of credit integrated.
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Founder & Managing Director, Muswell Rose, founder and PSC of Best Business Loans Ltd
Adam is the founder and managing director of Muswell Rose and a founder of Best Business Loans Ltd, the company behind Market Invoice. He spent over three years as managing director of Penny, a UK invoice finance business, and his career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library.
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