Barclays Invoice Finance Review
Barclays offers invoice discounting for businesses with annual turnover from £500,000. It is important to note that Barclays exited the invoice factoring market in 2021, meaning they no longer offer credit control services as part of their invoice finance. They retain invoice discounting only, focused on confidential facilities for larger businesses.
Key Facts
Service charge fromNegotiated
Advance rateUp to 85%
Setup speed10-15 days
Min turnover£500,000
Our rating3.8/5
NoteDiscounting only
Pros and Cons
Strengths
- Integrates with existing Barclays business banking
- Confidential discounting as standard
- Strong brand and banking security
Limitations
- No factoring — discounting only (exited 2021)
- High minimum turnover (£500k)
- Not available for smaller businesses
- Slower setup than specialists
Our Verdict
Barclays is only worth considering if you already bank with them and want to keep everything under one roof. Their exit from factoring in 2021 significantly limits their offering. For most businesses, specialist providers like Close Brothers, Bibby, or Aldermore offer a wider range of products and faster service.