Alternatives to NatWest Invoice Finance
The main UK invoice finance alternatives to NatWest Invoice Finance are Lloyds Bank Commercial Finance, HSBC 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 NatWest 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 NatWest Invoice Finance, compared on product type, minimum turnover, advance rate, typical rate, setup speed and rating
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In-depth single-provider reviews (see /providers/), head-to-head comparisons (see /vs/), general invoice finance education (see /guides/)
NatWest Invoice Finance vs the 4 alternatives
| Compared on | NatWest Invoice Finance | Lloyds Bank Commercial Finance | HSBC Invoice Finance | Barclays Invoice Finance | Santander Invoice Finance |
|---|---|---|---|---|---|
| Product | Invoice finance (CID, factoring, ABL) | Invoice finance (CID, factoring, ABL, export) | Invoice finance (CID, factoring), trade finance integration | Invoice finance (CID, factoring, ABL) | Invoice finance (CID, factoring) |
| Cluster | high-street | high-street | high-street | high-street | high-street |
| Min turnover | £300k | £100k | £1m | Not published | Not published |
| Advance rate | Up to 90% | Up to 90% | Up to 95% | 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 | 3.9 | 4.0 | 4.0 | 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.
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.
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.
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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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