Alternatives to HSBC Invoice Finance
The main UK invoice finance alternatives to HSBC Invoice Finance are Lloyds Bank Commercial Finance, NatWest Invoice Finance, Barclays Invoice Finance and Santander 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 HSBC Invoice Finance does not do for you: a lower entry point, faster setup, a higher advance or a different product type. More detail + scope
This page covers
UK invoice finance alternatives to HSBC 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/)
HSBC Invoice Finance vs the 4 alternatives
| Compared on | HSBC Invoice Finance | Lloyds Bank Commercial Finance | NatWest Invoice Finance | Barclays Invoice Finance | Santander Invoice Finance |
|---|---|---|---|---|---|
| Product | Invoice finance (CID, factoring), trade finance integration | Invoice finance (CID, factoring, ABL, export) | Invoice finance (CID, factoring, ABL) | Invoice finance (CID, factoring, ABL) | Invoice finance (CID, factoring) |
| Cluster | high-street | high-street | high-street | high-street | high-street |
| Min turnover | £1m | £100k | £300k | Not published | Not published |
| Advance rate | Up to 95% | Up to 90% | Up to 90% | Up to 90% | Up to 90% |
| 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 | 10 to 15 working days | 10 to 15 working days | 10 to 15 working days | 10 to 15 working days | 10 to 15 working days |
| Rating | 4.0 | 4.0 | 3.9 | 3.9 | 3.8 |
Lloyds Bank Commercial Finance
10 to 15 working days · Up to 90%High street bank invoice finance with a published £100,000 minimum turnover and advances up to 90%, on UK and overseas debt in a range of currencies. Full ABL panel. Setup 10-15 days reflects bank approval stages.
NatWest Invoice Finance
10 to 15 working days · Up to 90%NatWest Group (formerly RBS Group) invoice finance arm. Invoice discounting needs turnover over £300k. Standard high street bank profile and process.
Barclays Invoice Finance
10 to 15 working days · Up to 90%UK high street bank with established invoice finance and ABL desk. Standard high street profile: 10-15 day setup, bank credit committee, multi-product banking relationship cross-sell. SME book reduced post-2020.
Santander Invoice Finance
10 to 15 working days · Up to 90%Santander UK high street bank with corporate IF desk. Releases up to 90% of invoice value; no published minimum turnover. Banking relationship cross-sell into wider Santander services. European parent bank.
Get 3 free invoice finance quotes
Tell us about your business. eCapital, our introduction partner, handles your enquiry and comes back to you with quotes.
Get my 3 quotes →Compare HSBC Invoice Finance alternatives
Free, no obligation. Tell us about your business and eCapital, our introduction partner, handles your enquiry and comes back to you with quotes.
Step 1 of 3 · Your business
Free to you: our introduction partner pays us a fixed fee for each introduction, whether or not you go ahead. See our privacy policy.
How we make money: Market Invoice is an independent comparison service, not a lender. Our introduction partner pays us a fixed fee for each business we introduce, whether or not you go ahead; you never pay us and it is never added to your costs. How we are funded.
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.
Last updated: