Alternatives to Santander Invoice Finance
The main UK invoice finance alternatives to Santander Invoice Finance are HSBC Invoice Finance, NatWest Invoice Finance, Lloyds Bank Commercial Finance and Aldermore 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 Santander 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 Santander 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/)
Santander Invoice Finance vs the 4 alternatives
| Compared on | Santander Invoice Finance | HSBC Invoice Finance | NatWest Invoice Finance | Lloyds Bank Commercial Finance | Aldermore Invoice Finance |
|---|---|---|---|---|---|
| Product | Invoice finance (CID, factoring) | Invoice finance (CID, factoring), trade finance integration | Invoice finance (CID, factoring, ABL) | Invoice finance (CID, factoring, ABL, export) | Invoice finance (Receivables Finance, factoring, CID) |
| Cluster | high-street | high-street | high-street | high-street | independent |
| Min turnover | Not published | £1m | £300k | £100k | £750k |
| Advance rate | Up to 90% | Up to 95% | 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 | A few days to a few weeks |
| Rating | 3.8 | 4.0 | 3.9 | 4.0 | 4.2 |
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.
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.
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.
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.
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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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