Aldermore Invoice Finance vs IGF (Independent Growth Finance): UK Invoice Finance Comparison 2026
See how Aldermore Invoice Finance compares to IGF (Independent Growth Finance) side by side, then get three tailored quotes to weigh alongside them. Free, no obligation, and nothing to pay if you decide not to proceed.
Start here: what fits your business?
Both operate in UK independent invoice finance, outside the high street banks. They differ on sector focus, headline pricing and the minimum turnover they will consider. Aldermore Invoice Finance advances up to 90%, setup typically in a few days to a few weeks; IGF (Independent Growth Finance) advances up to 90% receivables + stock + plant, setup typically in 10 working days. Aldermore Invoice Finance needs £750k minimum turnover, IGF (Independent Growth Finance) needs £5m minimum turnover. Read the side-by-side below, then jump to the "when X wins" sections.
Side-by-side
Full reviews: Aldermore Invoice Finance · IGF (Independent Growth Finance)
| Compared on | Aldermore Invoice Finance | IGF (Independent Growth Finance) |
|---|---|---|
| Product type | Invoice finance (Receivables Finance, factoring, CID) | Invoice finance (ABL, CID), asset-based lending |
| Min turnover | £750k | £5m |
| Advance rate | Up to 90% | Up to 90% receivables + stock + plant |
| Typical fee | Not published (quoted per facility) | Bespoke pricing |
| Confidential available? | Yes | Yes |
| Factoring available? | Yes | Yes |
| Setup speed | A few days to a few weeks | 10 working days |
Sources for these figures: Aldermore Invoice Finance: advance rate · Aldermore Invoice Finance: minimum turnover, setup timescale, Growth Guarantee Scheme · Bibby Financial Services acquires Aldermore's Working Capital Finance division (26 June 2023) · IGF: advance up to 90% of receivables, facilities £2m to £25m, over £600m under management (March 2025) · IGF: UK businesses with over £5m annual turnover
When Aldermore Invoice Finance wins
- Challenger bank stability with independent-style speed.
- Accredited to offer the Growth Guarantee Scheme (per Aldermore).
- Funds available within 24 hours once the facility is live.
- Sector breadth: manufacturing, wholesale, business services.
Best for
£750k-£5m turnover Ltd companies, Cross-product banking relationship seekers, Growth Guarantee eligible.
Watch outs
- Setup ranges from a few days to a few weeks, slower than the fastest fintech lenders.
- No published service charge, so it cannot be benchmarked without a quote.
- Less specialist than Sonovate for recruitment.
When IGF (Independent Growth Finance) wins
- ABL specialist: receivables + stock + plant under one facility.
- Facilities of £2m to £25m, where monoline IF lenders cap out.
- Flexible covenant negotiation.
- Established mid-market ABL reputation.
Best for
Businesses over £5m turnover needing £2m or more, Complex ABL needs (receivables + stock), Turnaround and restructure cases.
Watch outs
- Pricing bespoke, not transparent in marketing.
- Setup 10 days, slower than monoline IF.
- Facilities start around £2m, so smaller SMEs are out of scope.
FAQ
Aldermore Invoice Finance or IGF (Independent Growth Finance): which is the better fit for UK invoice finance in 2026?
Aldermore Invoice Finance is the stronger fit for £750k-£5m turnover Ltd companies; IGF (Independent Growth Finance) fits businesses over £5m turnover needing £2m or more better. The "when X wins" sections above break this down by profile, and the commercials are covered in the next question.
How do Aldermore Invoice Finance and IGF (Independent Growth Finance) price their facilities?
Neither publishes its pricing; both quote per facility. The table above sets advance rate, setup speed and minimum turnover side by side.
Can I get a confidential facility with either Aldermore Invoice Finance or IGF (Independent Growth Finance)?
Both Aldermore Invoice Finance and IGF (Independent Growth Finance) offer confidential invoice discounting (your customers are not notified).
Where does each one struggle?
Aldermore Invoice Finance is the wrong fit for sub-£750k turnover. IGF (Independent Growth Finance) is the wrong fit for businesses under £5m turnover. If either describes your business, browse the side-by-side or get 3 free quotes through our quote form.
Can Market Invoice help me choose between Aldermore Invoice Finance and IGF (Independent Growth Finance)?
Yes. marketinvoice.co.uk is an independent comparison and introducer service operated by Best Business Loans Ltd (company 16833937), and is not tied to either provider. Share your turnover, sector and debtor profile and eCapital, our introduction partner, handles your enquiry and comes back to you with quotes, with no obligation to proceed.
Related
- Full Aldermore Invoice Finance review
- Full IGF (Independent Growth Finance) review
- Close Brothers Invoice Finance vs Ultimate Finance
- Aldermore Invoice Finance vs Close Brothers Invoice Finance
- Allianz Trade vs Close Brothers Invoice Finance
- All UK invoice finance comparisons
- Browse every reviewed UK invoice finance provider
- UK invoice finance by region
Sources
- Rates, advance percentages and product details checked against Aldermore Invoice Finance's own site.
- Rates, advance percentages and product details checked against IGF (Independent Growth Finance)'s own site.
- Aldermore Invoice Finance: advance rate
- Aldermore Invoice Finance: minimum turnover, setup timescale, Growth Guarantee Scheme
- Bibby Financial Services acquires Aldermore's Working Capital Finance division (26 June 2023)
- IGF: advance up to 90% of receivables, facilities £2m to £25m, over £600m under management (March 2025)
- IGF: UK businesses with over £5m annual turnover
Get 3 free quotes
Tell us monthly turnover, sector, debtor profile and whether the facility needs to be confidential. eCapital, our introduction partner, handles your enquiry and comes back to you with quotes. Free, and no obligation to proceed.
Get my 3 quotes →Best Business Loans Ltd (16833937), directed by Oliver Mackman, owns and operates Market Invoice. Last updated: .
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Disclosure: marketinvoice.co.uk is an independent invoice finance comparison and introducer service operated by Best Business Loans Ltd (company number 16833937). It is a separate business and is not connected to Kriya, Allica Bank or to any provider named on this page. Our introduction partner pays us a fixed fee for each business we introduce, whether or not a facility follows; this is never added to your costs. Invoice finance for limited companies is not a regulated activity, so this comparison is general information rather than regulated financial advice. Figures are indicative; larger facilities are commonly priced bespoke, so confirm terms directly with the provider before you sign.