Best Invoice Finance for £500k-£1m 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 £500,000-£1m turnover qualify for confidential invoice discounting at most major providers, the most cost-efficient invoice finance product in the UK market. Skipton Business Finance, Lloyds and Novuna compete across this segment with full confidentiality from your customers, as do Close Brothers and Aldermore from £750k turnover; HSBC and Lloyds do not publish fees, and HSBC's published minimum turnover is £1m. Whole-book facilities of £350k-£900k are typical at this turnover level.

UK businesses with £500k-£1m turnover have access to multiple invoice finance providers. More detail + scope

This page covers

Best UK invoice finance for £500k-£1m 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 £500k-£1m 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£750kConfidential discounting from £750k
Skipton Business FinanceNot published£100kBuilding society backed, pricing per facility
HSBC Invoice FinanceNot published£1mInternational capability if you export
AldermoreNot published£750kStrong relationship management
Lloyds Bank Commercial FinanceVariable£100kBundle with banking
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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£500k-£1m Turnover Invoice Finance FAQ

What's the cheapest invoice finance for £500k-£1m turnover UK?

At this turnover level, confidential invoice discounting is usually priced below factoring because you run your own credit control. Neither Skipton Business Finance nor Close Brothers publishes a rate: both price each facility individually. Discount charge is BoE base rate 3.75% + 1-2.5% margin. For a £750k turnover business with 60-day payment terms and 80% advance rate, total annual cost typically lands at £6,000-£11,000.

When can I get confidential invoice discounting?

Most UK providers require £500,000+ annual turnover, demonstrated credit control, 12+ months trading history, audited or filed accounts, and stable debtor concentration (no single customer over 30% of ledger). At £500k-£1m turnover, almost all qualifying businesses are offered confidential discounting as the default product.

Should I move banking when I get invoice finance at this level?

Not necessarily. Independent providers (Close Brothers, Skipton, Bibby, Aldermore) work alongside your existing banking. The high street banks (HSBC, Lloyds, NatWest, Barclays) typically prefer to bundle invoice finance with a current account and cash management, but pricing isn't always cheaper. Negotiate either way.

Best UK invoice finance for £1m turnover business?

At £1m turnover you reach HSBC Invoice Finance's published minimum; Lloyds Commercial Finance (from £100,000) and Barclays Invoice Finance (no published minimum) are also options, and all three become competitive vs the independents at this level. Aldermore is strong for mid-market with dedicated BDM support. Independents (Close Brothers, Skipton, Bibby) remain competitive on rate.

Can I get bad debt protection at £500k-£1m turnover?

Yes. Bad debt protection (where the provider absorbs customer-default risk up to a credit-insured limit per debtor) is widely available at this turnover level. Typical cost is 0.15-0.4% of insured turnover on top of base service charge. Aldermore, Bibby and HSBC all offer integrated bad debt protection.

Whole-book vs selective at £500k-£1m turnover?

Whole-book (committed) facilities are the standard at this turnover and typically cheaper per pound advanced. Selective spot factoring is rarely the right choice above £500k turnover unless you have very irregular invoicing or want to test invoice finance before committing.