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With recourse invoice financing, you typically receive an advance of about 50%–90% of eligible invoice value. The facility is usually revolving, with standard reviews commonly every 6–12 months. For pricing, lenders often use discount or fees rather than a single headline interest rate, which can lead to an effective annualised cost broadly around 8% to 30%+ depending on client quality, average invoice age, volume, and other lender criteria. Decision times are often around 1–3 weeks for straightforward applications.

Non-recourse often advances roughly 70%–90% of eligible invoice value, subject to debtor risk and invoice eligibility. It is usually revolving with reviews commonly every 6–12 months. Because non-payment protection is built in, pricing is typically higher than recourse, with effective annualised costs often around 12% to 35%+. Lender decisions frequently take about 2–4 weeks, since debtor assessments and eligibility rules are generally more rigorous.

Spot factoring is commonly used when invoicing is irregular or you need targeted support for a particular milestone. Typical amounts are often £10,000 to £250,000 per invoice, with an advance usually around 70%–90% depending on invoice verification and debtor criteria. Approvals are often fast, sometimes 2–7 business days where the debtor is already known and documents are clear. Effective annualised cost varies widely, commonly around 10% to 35%+ equivalent, based on how long until payment and the invoice’s administration complexity.