Top 30 Invoice Discounting Companies UK: 2024 Comparison

If you want to discreetly release funds from your sales ledger then invoice discounting is the type of invoice finance for you.

Unlike other types of invoice finance, invoice discounting is a confidential service that allows you to release the funding locked up in unpaid invoices from the day you raise them without it being obvious to your customers that you are using the service.

Below we have explored what the leading providers of invoice discounting can offer.

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Companies are ranked in no particular order.

Company	Max Release Value
ABC Finance	95%
ABN AMRO Commercial Finance	90%
Advantedge	90%
Aldermore	90%
Allied Irish Bank	90%
Bank of Scotland	90%
Barclays	90%
Bibby Financial Services	100%
Close Brothers	90%
Danske Bank UK	85%
Hitachi Capital	90%
HSBC	90%
Independent Growth Finance	90%
Lloyds Bank	90%
Metro Bank	90%
Muse	Not stated
NatWest	90%
Paragon Bank	95%
Peak Cashflow	85%
PFC Finance	90%
Pulse Cashflow Finance	90%
Royal Bank of Scotland	90%
Satago	Not stated
Satellite Finance	90%
Skipton Business Finance	90%
Time Finance	90%
Trade Finance Global	Not stated
Ulster Bank	90%
Ultimate Finance	95%
White Oak	95%

1. ABC Finance

Provides a brokerage service
Choice of invoice finance products including discounting
Offers up to 95% of invoice values
No brokerage fees
Service fee applies
A percentage fee called a discount fee is charged on borrowed funds
They will help you search the whole market
Retain responsibility for your debts
Confidential service
Apply over the phone

Website ABC Finance Invoice Discounting
Read the full ABC Finance review

2. ABN AMRO Commercial Finance

Offers asset lending products including discounting
Advance up to 90% of invoice values
Funding can be received in days
Confidential service
Allows you to retain control of your sales ledger and credit control
Flexible finance
Online account management
Option to add Bad Debt Protection
Provides a personal account manager/relationship manager
Apply over the phone

Website ABN AMRO Commercial Finance Invoice Discounting
Read the full ABN AMRO Commercial Finance review

3. Advantedge

Provides a choice of invoice finance products including discounting
Up to 90% of unpaid invoice values can be released
Access funds quickly, same day if invoices are loaded before midday
Keep your credit control
Confidential service
Manage your account online
Grows with your business sales
Retain your customer relationships
Suitable for a variety of SMEs
Apply over the phone

Website Advantedge Invoice Discounting
Read the full Advantedge review

4. Aldermore

Provides a range of invoice finance including discounting
Release up to 90% of invoice values
Funds can be received in 24 hours
Provides discounting to established credit control
Confidential service
Retain your invoice collections
Manage your account online
Funding availability is recalculated after every transaction
Option to add Bad Debt Protection
Apply over the phone

Website Aldermore Invoice Discounting
Read the full Aldermore review

5. Allied Irish Bank

Offers invoice discounting only
Up to 90% of unpaid invoice values can be released
Confidential arrangement
Maintain your relationships with your customer
Customers pay invoices into a designated collection account
A service fee is applied
A discount charge is applied to each transaction
Fees are agreed at the time of sanction
Security may be required
Apply over the phone

Website Allied Irish Bank Invoice Discounting

Read Allied Irish Reviews

6. Bank of Scotland

Offers a choice of invoice finance that includes discounting
Advance up to 90% of invoice values
Funds can be received in 24 hours
Option of single or full invoice finance
Confidential service
Can select invoices for funding (single invoice finance)
Online account management
Service that can grow with your sales
Offers debtor protection
Apply through Lloyds Bank which they deliver in partnership with

Website Bank of Scotland Invoice Discounting
Read the full Bank of Scotland review

7. Barclays

Offers invoice finance in partnership with MarketFinance
Their range include invoice discounting
Choice of selective or whole ledger invoice discounting
Release up to 90% of invoice values
Confidential service
Maintain your customer relationships and payments
Choose the invoices to use
Online management
Funding can grow with your turnover
Apply online

Website Barclays Invoice Discounting
Read the full Barclays review

8. Bibby Financial Services

Provides a choice of invoice finance including discounting
Can access up to 100% of unpaid invoice values
Funds released in 24 hours
Confidential service
Retain your customer relationships
Manage online
Suitable for credit terms between 30 and 90 days
Must have strong credit management
Add Bad Debt Protection
Request a call back to enquire/apply

Website Bibby Financial Services Invoice Discounting
Read the full Bibby Financial Services review

9. Close Brothers

Provides a range of invoice finance products including discounting
Release up to 90% of unpaid invoice values
Receive funds instantly in real-time with your ledger
Maintain control over the collection of payments
Confidential service
Grows with your business
Integrates with your accounting system
Caters for your whole sales ledger
Minimum turnover of £500,000
Apply over the phone or enquire online

Website Close Brothers Invoice Discounting
Read the full Close Brothers review

10. Danske Bank

Offers a range of invoice financing including discounting
Up to 85% of invoice values
Confidential service
Retain all customer contact
Online system to process invoices for funding
Rates and terms reflect their assessment of your business
Can improve cash flow
Requires you to have or open a Danske Bank account
Must provide Personal Indemnities
Apply over the phone

Website Danske Bank Invoice Discounting

Danske Bank Reviews

11. Hitachi Capital

Provides a choice of invoice finance including discounting
Release up to 90% of unpaid invoice values
Access payments up to 120 days early
Funds received within 24 hours
Can grow with your business turnover
Confidential service
Offers a 6 month trial period
Suitable for medium-sized businesses
Turnover over £250,000
Apply over the phone

Website Hitachi Capital Invoice Discounting
Read the full Hitachi Capital review

12. HSBC

Provides a choice of invoice finance including discounting
Release up to 90% of invoice values
Receive funds the next day
Keep control of your sales ledger
Confidential service
Improve your cash flow
Grows in line with your sales
Arrangement fees apply
Add credit protection to guard against late payments or bad debts
Apply over the phone

Website HSBC Invoice Discounting
Read the full HSBC review

13. Independent Growth Finance

Only offers invoice discounting
Release up to 90% of invoice values
Forms part of their Asset-Based Lending facility
Provides a revolving funding line
Can grow with your business
Supports business growth
Can make fast decisions
Offers a personalised service
Can supplement funding using additional assets
Apply over the phone or enquire online

Website Independent Growth Finance Invoice Discounting
Read the full Independent Growth Finance review

14. Lloyds Bank

Offers a choice of invoice financing including discounting
Release up to 90% of invoice values
Receive funding normally within 24 hours
Confidential service
Continue to manage your sales ledger and credit control processes
Increase your borrowing as your sales rise
Available for UK and overseas debt
Dedicated Client Manager
Suitable for businesses with a turnover above £250,000
Apply over the phone

Website Lloyds Bank Invoice Discounting
Read the full Lloyds Bank review

15. Metro Bank

Provides a choice of invoice finance including discounting
Release up to 90% of invoice values
Can receive funding within 24 hours
Offers flexible contracts
28 day notice period
Online system that is easy to use
Provides a named Relationship Manager
Caters for small businesses
Offers funding up to £100,000
Apply online

Website Metro Bank Invoice Discounting
Read the full Metro Bank review

16. Muse

Offers a variety of invoice finance products including discounting
Doesn’t state the amount you can release
Confidential service
Retain control of your sales ledger
Will support your business in the background
Lets you keep your customer relationships
Help to improve your cash position
Contract may apply
Fees and charges are not stated
Enquire online

Website Muse Invoice Discounting

17. NatWest

Offers an invoice discounting product only
Up to 90% of unpaid invoice values can be released
Funds can be received in 24 hours
Confidential service
Keep control of your sales ledger
Service available in GBP, EUR and USD
Easy to use
Manage your account online
Dedicated Relationship Manager
Enquire online

Website NatWest Invoice Discounting
Read the full NatWest review

18. Paragon Bank

Provides a choice of invoice finance including discounting
Access up to 95% of unpaid invoice values
Can receive funds within 24 hours
Confidential service
Improve your cash flow
Flexible terms
Can grow with your business turnover
Simple fee structure and no hidden fees
Offers additional customer protection service
Apply over the phone

Website Paragon Bank Invoice Discounting
Read the full Paragon Bank review

19. Peak Cashflow

Offers a choice of invoice financing including discounting
Release up to 85% of invoice values
Funds will be released as soon as your invoice is raised
Confidential so customers won’t know
Tailor-made package
Flexible to your business needs
Can grow with your business
Offers a 45 minute consultation
Offers additional products including Bad Debt Protection
Apply over the phone or enquire online

Website Peak Cashflow Invoice Discounting
Read the full Peak Cashflow review

20. PFC Finance

Offers a brokerage service
Provides a choice on invoice finance including discounting
Release up to 90% of invoice values
Confidential service
Allows you to keep control of your customers
Improve your cash flow
Helps you to find the best provider
Caters for a wider range of industries
Apply over the phone

Website PFC Finance Invoice Discounting
Read the full PFC Finance review

21. Pulse Cashflow Finance

Offers a range of invoice financing including discounting
Up to 90% of invoice values can be released
Confidential service
Flexible source of funding
Improve cash flow
Transparent fees
Grows in line with your sales
Automatic upload of sales ledger
Suitable for businesses trading for over 2 years with turnover above £2 million
Apply over the phone

Website Pulse Cashflow Finance Invoice Discounting
Read the full Pulse Cashflow Finance review

22. Royal Bank of Scotland

Offers invoice discounting only
Up to 90% of unpaid invoice values can be released
Funding can be released within 24 hours
Confidential solution
Maintain control of your sales ledger
Available in GBP, EUR and USD
Manage your account online
Provides a Dedicated Relationship Manager
Suitable for business with a turnover above £300,000
Enquire online

Website Royal Bank of Scotland Invoice Discounting
Read the full Royal Bank of Scotland review

23. Satago

Provides a choice of invoice finance including discounting
Discounting solution is a full invoice finance solution
Automatically fund all eligible invoices
Confidential service
Quick and easy to use
Connects securely to accounting software
Automatic reconciliation
Transparent pricing with no hidden fees
Includes cash management tools
Apply online

Website Satago Invoice Discounting
Read the full Satago review

24. Satellite Finance

Provides a brokerage service
Offers a choice of invoice finance including discounting
Access up to 90% of unpaid invoice values
Release cash quickly
Confidential service
Handle your own sales ledger
Maintain customer relationships
Borrowing can grow as sales increase
Check your eligibility using their online form
Apply over the phone

Website Satellite Finance Invoice Discounting
Read the full Satellite Finance review

25. Skipton Business Finance

Offers a choice of invoice finance including discounting
Release up to 90% of invoice values
Receive funds within 24 hours
Tailored solution for each business
Confidential solution
Maintain control of your credit control
Flexible solution
Accessing funds from £25,000 to £5 million
Improve cash flow
Enquire online

Website Skipton Business Finance Invoice Discounting
Read the full Skipton Business Finance review

26. Time Finance

Provides a choice of invoice finance including discounting
Release up to 90% of unpaid invoice values
Receive funding within 24 hours
Confidential financing
Maintain your credit control
Manage your account online
Fast decisions
Caters for start-ups, small to large businesses
Can choose to add Selective Bad Debt Protection
Apply over the phone

Website Time Finance Invoice Discounting
Read the full Time Finance review

27. Trade Finance Global

Provides a brokerage service
Offers a choice of invoice finance including discounting
The amount of funding you can access is not stated
Can choose to release funds from domestic and international invoices
Confidential service
Retain control over your sales ledger
Can opt to release funds from some or all of your invoices
Requires monthly reconciliation
Must demonstrate you have correct procedures and support in place
Enquire online or call for more details

Website Trade Finance Global Invoice Discounting
Read the full Trade Finance Global review

28. Ulster Bank

Provides an invoice finance solution that is a discounting solution
Their web-based system is FacFlow
Release up to 90% of unpaid invoice values
Funds can be released the same day
Confidential service
Maintain your sales ledger and credit control
Provides a secure service
Dedicated relationship management team
Caters for businesses with a turnover above £500,000
Apply by arranging a meeting over the phone

Website Ulster Bank Invoice Discounting

Ulster Bank Reviews

29. Ultimate Finance

Provides a choice of invoice finance including discounting
Release up to 95% of invoice values
Funding can be received within 24 hours
Offers a confidential service
Retain responsibility of your customers
Can grow with your business
Dedicated relationship manager
Also offers Debtor Protection products
Apply over the phone

Website Ultimate Finance Invoice Discounting
Read the full Ultimate Finance review

30. White Oak

Offers a choice of invoice finance including discounting
Up to 95% of unpaid invoice values released
Confidential solution
Maintain control of credit collections
Allows borrowing from £200,000 to £5 million
Suitable for businesses with a turnover between £200,000 and £10 million
Must have been trading for over 3 years
Apply online or request a callback

Website White Oak Invoice Discounting
Read the full White Oak review

How does invoice discounting work?

Invoice discounting is a type of invoice finance that allows you to advance the funds tied up in your unpaid invoices as soon as your invoices are raised. Unlike other financing products, invoice finance like this is not a debt as it is an advance on money owed to you. You can normally advance up to 90% of the unpaid invoice value which can be received in as little as 24 hours.

Invoice discounting is a confidential service that allows you to retain the responsibility of your credit control and sales ledger. It is a more discreet service than invoice factoring and it is less likely that your customers will be aware of the service as the money owed will be paid into an account that is in your name but under the control of the credit provider.

Some providers also offer a selective invoice discounting service which works the same but it allows you to choose which invoices or customers are used to raise funds.

Invoice Discounting FAQ

How much can I borrow?

The level of borrowing through invoice discounting can vary and most providers do not state a maximum lending amount, however, a few have stated theirs as £5 million.

Most providers offer to advance up to 90% of your unpaid invoice amounts but this can vary from 85% to 100% depending on the provider.

The amount you can borrow will also depend on the provider’s terms and their assessment of your eligibility and credit rating.

How much will invoice discounting cost?

The cost of invoice discounting is not clear as most providers do not publicise their charges on their website, and you need to request a quote to find out.

There tend to be 2 sets of charges for invoice discounting which are the service charge and transaction fee.

The service charge is a standard fee that is applied often monthly as a fee for accessing the service and applies for the length of the contract.

The transaction fee is a percentage charge that is applied to every invoice that advance payment is received on and it is taken from the customer payment before the remaining funds are transferred to you.

There may also be some other fees applied such as arrangement or set up costs.

How long can I borrow money for?

The length of time you can borrow the funds through invoice discounting depends on the terms you have with your customers for paying their invoices.

As the finance provider is paid by the customer paying their invoice, the borrowing term matches the customer’s terms which could be 30, 60, 90 or 120 days.

Once the customer pays their invoice to the invoice discounting provider, the loan amount and fees are taken from this payment and the remaining amount is transferred to you.

How to apply for invoice discounting?

Many invoice discounting providers request that you contact them to get a quote which they suggest you do over the phone so that they can discuss your needs.

Some providers have an online enquiry form or application and provide a list of their eligibility criteria so that you can check if you are suitable for their products.

The application and set-up process can take up to a couple of weeks to allow them to undertake the relevant checks and to get you set up on their online systems.