MarketFinance (previously known as Market Invoice) is a business finance provider based in London and Manchester. Founded in 2011, MarketFinance specialises in invoice finance and business loans. £4 billion has been funded so far.
MarketFinance Business Loans & Finance
Business Loans
Loans from up to £100,000 are available with interest rates starting from 1.4% per month. No setup or activation fees and no charge for early repayment. To be eligible, your business needs to have 1 years’ of trading history.
Invoice Finance
Your business can get an advance against outstanding customer invoices up to 90% within 24 hours. They offer two options:
- Contract option with a monthly fee
- Pay-as-you-go which takes a percentage of the invoice value
A discount fee is charged on both options and a listing fee of £15. To be eligible you need to be a limited company or LLP and have a minimum turnover of £100,000 per year.
Finance Reviews and Ratings
Trustpilot reviews are very positive. Customers think the process is hassle free and customer service is fast and efficient. A few critics say they found underwriters were inconsistent or pushy and they couldn’t cover their invoices for more than 60%.
There are no live reviews on Google, Reviews.co.uk or Smart Money People.
Trustpilot – 4.4/5 (based on 397 reviews)
Google Reviews – no reviews
Reviews.co.uk – no reviews
Smart Money People – no reviews
Pros
- Invoice finance and general business finance are available.
- Positive Trustpilot reviews.
Cons
- High fees apply for some products.
- Unclear what percentage of your invoices you can raise.
Website: MarketFinance Business Finance