Close Brothers Invoice Finance vs Novuna Business Finance: UK Invoice Finance Comparison 2026
See how Close Brothers Invoice Finance compares to Novuna Business 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. Close Brothers Invoice Finance advances up to 90% with setup typically in 5 working days; Novuna Business Finance advances up to 90% with setup typically in 7 working days. Both need £500k minimum turnover. Read the side-by-side below, then jump to the "when X wins" sections.
Side-by-side
Full reviews: Close Brothers Invoice Finance · Novuna Business Finance
| Close Brothers Invoice Finance | Novuna Business Finance | |
|---|---|---|
| Product type | Invoice finance (CID, factoring, ABL) | Invoice finance, asset finance, vehicle finance |
| Min turnover | £500k | £500k |
| Advance rate | Up to 90% | Up to 90% |
| Typical fee | From 0.5% service charge | 1% to 2.5% service charge |
| Confidential available? | Yes | Yes |
| Factoring available? | Yes | Yes |
| Setup speed | 5 working days | 7 working days |
| Last reviewed | 2026-05-12 | 2026-05-12 |
When Close Brothers Invoice Finance wins
- 0.5% headline service charge, among the lowest published by mainstream UK providers.
- Merchant banking heritage; FCA regulated under Close Brothers Group plc.
- Strong on confidential invoice discounting (no customer notification).
- Published criteria, low headline-to-offered rate gap.
Best for
£500k+ turnover Ltd companies, Confidential discounting use cases, Cost-sensitive established trading businesses.
Watch outs
- £500k+ minimum turnover excludes earlier-stage businesses.
- Setup 5 days, fine but no faster than mid-tier competitors.
- Less aggressive on construction-stage payments than the sector specialists.
When Novuna Business Finance wins
- Backed by Mitsubishi HC Capital UK balance sheet.
- Multi-product cross-sell (IF + asset + vehicle).
- Mid-market panel relationships strong.
- Long-established UK presence as the former Hitachi Capital UK (rebranded Novuna, February 2022).
Best for
£500k-£10m turnover Ltd companies, Cross-product (IF + asset) facility seekers, Stable mid-market funders.
Watch outs
- Pricing not aggressively published.
- Slower decisioning than fintech.
- Less competitive on £100k-£500k turnover SME.
FAQ
Close Brothers Invoice Finance or Novuna Business Finance: which is the better fit for UK invoice finance in 2026?
Close Brothers Invoice Finance is the stronger fit for £500k+ turnover Ltd companies; Novuna Business Finance fits £500k-£10m turnover Ltd companies better. The "when X wins" sections above break this down by profile, and the commercials are covered in the next question.
What are the headline commercials, Close Brothers Invoice Finance vs Novuna Business Finance?
Close Brothers Invoice Finance advances up to 90% at from 0.5% service charge. Novuna Business Finance advances up to 90% at 1% to 2.5% service charge. Both need £500k minimum turnover. Setup runs 5 working days for Close Brothers Invoice Finance and 7 working days for Novuna Business Finance.
Can I get a confidential facility with either Close Brothers Invoice Finance or Novuna Business Finance?
Close Brothers Invoice Finance offers confidential invoice discounting (your customers are not notified). Novuna Business Finance offers confidential invoice discounting (your customers are not notified).
Where does each one struggle?
Close Brothers Invoice Finance is the wrong fit for sub-£500k turnover. Novuna Business Finance is the wrong fit for lowest-cost seekers. If either describes your business, browse the side-by-side or get matched against the wider UK panel via our quote form.
Can Market Invoice help me choose between Close Brothers Invoice Finance and Novuna Business 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 we will match you against UK invoice finance providers likely to approve, with no obligation to proceed.
Related
- Full Close Brothers Invoice Finance review
- Full Novuna Business 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 Close Brothers Invoice Finance's own site as of 2026-05-12.
- Rates, advance percentages and product details checked against Novuna Business Finance's own site as of 2026-05-12.
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Get quotes →Reviewed by Oliver Mackman, Director, Best Business Loans Ltd. Last reviewed: 2026-05-12. Editorial by Best Business Loans Ltd (16833937).
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How we make money: Market Invoice is an independent comparison service, not a lender. If you take a facility after we introduce you, the provider pays us a commission; you never pay us and it is never added to your costs. How we are funded.
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 MarketFinance / Kriya or to any provider named on this page. If you take out a facility after we introduce you to a lender or broker, we may be paid a commission or referral fee by that party; 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.