Best Invoice Finance for £1m-£5m Turnover Businesses, UK 2026

Compare every UK invoice finance provider that fits your business, then get 3 free quotes. Free, no obligation, and nothing to pay if you decide not to proceed.

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Recruitment agencyConstructionWholesaleUnder £500k turnoverConfidential (clients mustn't know)Not sure

Market Invoice is an independent UK invoice finance comparison site that ranks 87 UK invoice finance providers by what fits your turnover band, sector and finance type.

Market Invoice compares the UK providers that fit this need, and you can get 3 free quotes through eCapital, our introduction partner. UK businesses with £1m-£5m turnover have the broadest provider choice. The full panel of high street banks (HSBC, Lloyds, NatWest, Barclays, Santander), challenger banks (Aldermore, Metro), independents (Close Brothers, Bibby, Skipton, Ultimate Finance) and specialists (Investec, Arbuthnot Commercial, BNP Paribas) actively compete. Confidential invoice discounting is the usual product at this size; most providers, Skipton included, quote the service charge per facility.

What this page covers

This page covers

Best UK invoice finance for £1m-£5m turnover businesses: providers, pricing, eligibility, and product fit at this turnover level.

Not covered here

General invoice finance education (see /guides/), individual provider reviews (see /providers/), full pricing breakdown (see /guides/costs/)

Best providers for £1m-£5m turnover

ProviderFee fromMin turnoverWhy it fits
MarketInvoice3 free quotesNot a lender or a panel. Tell us about your business and eCapital, our introduction partner, handles your enquiry and comes back to you with quotes. Free to you: eCapital pays us a fixed fee per introduction.
Close BrothersNot published£750kIndividually priced, FTSE 250
Skipton Business FinanceNot published£100kMutual society backed, pricing per facility
HSBC Invoice FinanceNot published£1mInternational + multi-currency
Lloyds Commercial FinanceVariable£100kBanking bundle pricing
AldermoreNot published£750kMid-market specialism
Investec Capital SolutionsNot published£5mTop of this band and above (MBOs, acquisitions)
AP

Adam Parker

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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£1m-£5m Turnover Invoice Finance FAQ

What's the cheapest invoice finance at £1m-£5m turnover UK?

Neither Skipton Business Finance nor Close Brothers publishes a rate: both price each facility individually. HSBC and Lloyds do not publish their fees but will negotiate if you bundle with banking. Total cost also includes the discount charge on the money you draw, so compare quotes on total cost.

Should I tender my invoice finance at £5m turnover?

Yes. At £5m turnover you have leverage. Run a structured tender process inviting 4-5 providers (mix of independents and banks), and share the same brief with each. Competing quotes are the best way to test whether an existing facility that has not been reviewed for some years is still priced competitively.

Best UK invoice finance for £2m turnover business?

Close Brothers, Skipton, Aldermore and HSBC are the strongest options at £2m turnover. Choice depends on what you need: a published starting rate (Skipton), bank relationship bundle (HSBC/Lloyds), confidential discounting (Aldermore), or specialist sector expertise (Bibby for construction/recruitment). All compete actively at this level.

Whole-book vs selective at £1m-£5m turnover?

Whole-book (committed) is the standard at this level and is usually cheaper per pound than selective spot factoring. Selective only makes sense if your invoicing is highly seasonal or you have a single very large invoice you don't want to fund alongside the rest.

Can I get a £1m-£5m facility from a fintech?

Some fintechs (Triver, Sonovate for recruitment) underwrite facilities at this level but the mainstream choice at £1m-£5m turnover is the established banks and independents. Fintechs are stronger for sub-£500k and selective facilities.

How long should an invoice finance facility take to set up at this turnover?

5-15 working days at £1m-£5m turnover, depending on complexity. Independents (Close Brothers, Bibby, Ultimate Finance) can be faster (around one working week) for straightforward cases. Banks (HSBC, Lloyds) take longer (10-15 days) due to additional credit committee steps. Set deadline-driven expectations with each provider before applying.