Accelerated Payments Limited, established in 2017, is a privately owned alternative finance provider specialising in selective and export invoice finance for SMEs in the UK, Ireland, and North America. The company offers a cloud-based platform for businesses to sell individual invoices, helping improve cash flow. Operating under the supervision of the UK Financial Conduct Authority for anti-money-laundering (FRN 913918), it focuses on invoice finance, a sector distinct from traditional bank lending. Their services suit SMEs needing flexible, credit-insured invoice funding, particularly businesses with larger domestic or international B2B invoices. For broader context on this financial service, see invoice financing and what is invoice finance.
Key Features of Accelerated Payments
The lender offers practical tools and service strengths for businesses managing invoice funding, with an emphasis on flexibility and transparency.
- Cloud-based client portal for submitting and tracking invoices with integration options. Refer to invoice financing.
- Automated real-time debtor credit assessment reduces delays and fraud risks; linked to selective invoice financing.
- Trade credit insurance protects every funded invoice, lowering risk for clients and lenders.
- Multi-currency funding supports exporters with GBP, EUR, and USD among options.
- Dedicated relationship managers provide ongoing support and credit evaluation.
Funding Eligibility
You may qualify if your business has at least six months’ trading history and £200,000 or more in annual turnover, higher for export-focused facilities as detailed in business loan qualification requirements. Eligible invoices must be B2B, already delivered, within terms generally up to 90 days, and debtors must meet credit quality checks. For more on eligibility tools and guides, see invoice finance for small businesses and general business loans eligibility insights.
Loan Options
Accelerated Payments offers two main invoice finance products tailored to specific business needs and trading profiles.
- Selective Invoice Finance (Spot Factoring): Funding from £20,000 up to £2,000,000 per invoice with terms of 30 to 90 days. Discount fees range from 1.0% to 2.5% per 30 days, roughly 12% to 30% per annum. This option provides funding only for chosen invoices without long-term contracts. Learn more about selective invoice financing.
- Export Invoice Finance: Designed for invoices from approved international debtors. Amounts and terms match the selective product but may extend to 120 days, with fees between 1.2% and 3.0% per 30 days (about 14.4% to 36% p.a.). Suitable for exporters needing multi-currency support and credit insurance. Additional details at export finance for small businesses.
How to Apply
The application process is primarily online, supported by a dedicated onboarding team. Initial decisions often occur within 24 hours, with full credit approval typically in 2 to 5 working days. First funding drawdowns usually happen within 48 hours post-approval.
- Submit an online application form available via Funding Agent’s form.
- Provide required documents including recent management accounts, debtor ledger, bank statements, delivery proofs, and director identification.
- Await credit checks and approval, noting that ongoing relationship management supports future invoice submissions.
Funding Agent's independent view on Accelerated Payments
Accelerated Payments serves a specific sector of alternative finance focusing on flexible, selective invoice funding tailored to SMEs with established trading and debtor credit quality. Its technology-based platform expedites access to working capital, especially for businesses with large single or export invoices. However, firms looking for traditional term loans or asset finance should consider other lenders. To explore funding suitability and compare options, visit invoice financing options, run an invoice finance calculator, or assess your eligibility with business loan qualification guides.
