IGF (Independent Growth Finance) vs Time Finance: UK Invoice Finance Comparison 2026
See how IGF (Independent Growth Finance) compares to Time 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. IGF (Independent Growth Finance) advances up to 90% receivables + stock + plant with setup typically in 10 working days; Time Finance advances up to 90% with setup typically in 7 working days. IGF (Independent Growth Finance) needs £1m minimum turnover, Time Finance needs £250k minimum turnover. Read the side-by-side below, then jump to the "when X wins" sections.
Side-by-side
Full reviews: IGF (Independent Growth Finance) · Time Finance
| IGF (Independent Growth Finance) | Time Finance | |
|---|---|---|
| Product type | Invoice finance (ABL, CID), asset-based lending | Invoice finance, asset finance, vehicle finance |
| Min turnover | £1m | £250k |
| Advance rate | Up to 90% receivables + stock + plant | Up to 90% |
| Typical fee | Bespoke pricing | 1.5% to 3% service charge |
| Confidential available? | Yes | Yes |
| Factoring available? | Yes | Yes |
| Setup speed | 10 working days | 7 working days |
| Last reviewed | 2026-06-24 | 2026-05-12 |
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
Mid-market businesses of £1m-£100m turnover, 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.
When Time Finance wins
- AIM-listed independent, financial transparency.
- Multi-product cross-sell capability.
- SME-friendly underwriting culture.
- Gross lending book above £250m (2026, company RNS), a record for the group.
Best for
SME service businesses, Multi-product facility seekers, £250k-£5m turnover.
Watch outs
- Not the lowest-cost mainstream choice.
- Less brand presence than the largest mainstream providers.
- Smaller team than mid-market banks.
FAQ
IGF (Independent Growth Finance) or Time Finance: which is the better fit for UK invoice finance in 2026?
IGF (Independent Growth Finance) is the stronger fit for mid-market businesses of £1m-£100m turnover; Time Finance fits SME service businesses 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, IGF (Independent Growth Finance) vs Time Finance?
IGF (Independent Growth Finance) advances up to 90% receivables + stock + plant at bespoke pricing. Time Finance advances up to 90% at 1.5% to 3% service charge. IGF (Independent Growth Finance) needs £1m minimum turnover, Time Finance needs £250k minimum turnover. Setup runs 10 working days for IGF (Independent Growth Finance) and 7 working days for Time Finance.
Can I get a confidential facility with either IGF (Independent Growth Finance) or Time Finance?
IGF (Independent Growth Finance) offers confidential invoice discounting (your customers are not notified). Time Finance offers confidential invoice discounting (your customers are not notified).
Where does each one struggle?
IGF (Independent Growth Finance) is the wrong fit for smaller SMEs below roughly £1m turnover. Time Finance is the wrong fit for sub-£250k turnover. 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 IGF (Independent Growth Finance) and Time 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 IGF (Independent Growth Finance) review
- Full Time Finance review
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- 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 IGF (Independent Growth Finance)'s own site as of 2026-06-24.
- Rates, advance percentages and product details checked against Time Finance's own site as of 2026-05-12.
- Time Finance plc RNS: Lending Book Milestone (gross lending book passed £250m, June 2026)
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Tell us monthly turnover, sector, debtor profile and whether the facility needs to be confidential. We match you against the UK invoice finance providers most likely to approve at a competitive rate. Free, and no obligation to proceed.
Get quotes →Reviewed by Oliver Mackman, Director, Best Business Loans Ltd. Last reviewed: 2026-06-24. 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.