Alternatives to Ultimate Finance
The main UK invoice finance alternatives to Ultimate Finance are Bibby Financial Services, IGF (Independent Growth Finance), Aldermore Invoice Finance and Time Finance, compared below on product type, minimum turnover, advance rate, typical fee, setup speed and our overall rating.
Pick the alternative that fixes whatever Ultimate 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 Ultimate 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/)
Ultimate Finance vs the 4 alternatives
| Compared on | Ultimate Finance | Bibby Financial Services | IGF (Independent Growth Finance) | Aldermore Invoice Finance | Time Finance |
|---|---|---|---|---|---|
| Product | Invoice finance (factoring, CID), bridging, asset finance | Invoice finance (factoring, CID, ABL) | Invoice finance (ABL, CID), asset-based lending | Invoice finance (Receivables Finance, factoring, CID) | Invoice finance, asset finance, vehicle finance |
| Cluster | independent | independent | independent | independent | independent |
| Min turnover | Not published | Not published | £5m | £750k | £250k |
| Advance rate | Up to 95% | Up to 85% | Up to 90% receivables + stock + plant | Up to 90% | Up to 90% |
| Typical rate | Quoted per facility (not published) | Not published (quoted per facility) | Bespoke pricing | Not published (quoted per facility) | Not published (quoted per facility) |
| Setup speed | Within one week (up to 5 working days) | 5 working days | 10 working days | A few days to a few weeks | 7 working days |
| Rating | 4.3 | 4.4 | 4.1 | 4.2 | 4.1 |
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.
IGF (Independent Growth Finance)
10 working days · Up to 90% receivables + stock + plantABL specialist combining invoice finance with stock and plant lending under one facility.
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.
Time Finance
7 working days · Up to 90%AIM-listed UK independent specialist lender whose gross lending book passed £250m in 2026 (company RNS). Multi-product (IF + asset + loans).
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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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