Last Updated
Top £20,000 Selective Invoice Finance Providers in the UK for 2026
.png)
Top Selective Invoice Finance Lenders for £20,000 Facilities
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Treyd | Established firms wanting selective advances on specific invoices | £15,000 to £1,000,000 | interest 1.4% to 2.5% monthly |
| 2 | Finance for enterprise | Smaller businesses needing selective invoice finance from low amounts | £1,000 to £2,000,000 | interest 6.5% to 13.5% annually |
| 3 | eCapital | Firms with £60k turnover seeking flexible single-invoice funding | Up to £500,000 | interest 7% to 14.5% annually |
| 4 | Time Finance | Growing businesses wanting selective invoice finance with wider limits | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | WeDo Business Finance | Larger-scale selective invoice finance for well-established firms | Up to £25,000,000 | interest 3.5% to 9.5% monthly |
| 6 | PennyFreedom | Businesses needing rapid selective funding against individual invoices | Up to £500,000 | interest 7.5% to 15% annually |
| 7 | Factoringfinance | Businesses comparing selective invoice finance with competitive monthly rates | Not published | interest 2.5% to 8% monthly |
| 8 | Kriya Finance | Established firms with three years' trading seeking selective invoice finance | Up to £500,000 | interest 5.49% to 10.59% annually |
| 9 | HSBC Bank | Businesses preferring bank-provided selective invoice finance with ledger support | £1,000 to £300,000 | interest 8.6% to 11.3% annually |
| 10 | Tide Bank | Startups needing selective invoice finance with no minimum trading history | £500 to £20,000,000 | interest 5% to 11.5% annually |
Selective invoice finance lets businesses borrow against individual invoices rather than committing their full sales ledger to a lender. It suits UK B2B firms with lower invoice volumes or those wanting to fund only specific customer debts, keeping the rest of their debtor book independent. A £20,000 facility gives smaller businesses breathing room to manage cash flow on their own terms.
Choosing the best selective invoice finance provider means looking beyond the headline rate. Compare minimum invoice thresholds, whether the facility is disclosed to your customers, and how quickly funds land after you submit an invoice. Some lenders require a minimum number of invoices each month, while others allow true spot factoring on single invoices. Watch for monthly minimum fees that can make smaller facilities less cost-effective.
Important note:
Funding Agent
Published loan rangeFrom £10,000 to up to £1,000,000
Rate typeInterest from 6.8% annually
Why it is included:It is included because many business owners need to compare several finance routes before choosing where to apply.
Funding Agent can help businesses compare suitable options across a lender panel, especially when eligibility depends on turnover, sector, trading history, credit strength and available documents.
Best use case: When the borrower wants to avoid applying to one lender at a time.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Why it stands out
- Useful when a business wants to compare lender fit rather than guess which lender to apply to first.
- Can help position the application around the funding purpose, trading profile and available documents.
- Works well as a conversion route for readers who are unsure whether a direct lender will approve a larger unsecured facility.
Need to know
- Funding Agent is a broker, not a lender.
- The lender, not Funding Agent, sets the final rate, term, fees and approval decision.
- The best match may be unsecured, secured, revolving credit, invoice finance or another product depending on the case.
Expert take
Funding Agent is a useful honourable mention for business owners who want to compare lender options before submitting a full application. A larger unsecured loan is not always approved by the first lender a business finds, so understanding lender fit early can reduce wasted time and avoid unnecessary declines.
Treyd
Published loan range£15,000 to £1,000,000
Rate typeinterest 1.4% to 2.5% monthly
Overview: Treyd lends against unpaid B2B invoices on a selective basis, so you can pick which invoices to finance rather than committing your full ledger. Funding is available from £15,000 and decisions often come within 24 hours. Monthly interest charges align costs with how long each invoice takes to settle. Expect debtor quality and concentration to influence terms.
Best next step: Fund individual invoices from £15,000 in 24 hours.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Select which invoices to finance
- Fast 24-hour funding turnaround
- Monthly interest tracks repayment timing
Need to know
- Debtor quality affects approval
- Concentrated debtors may limit terms
- Monthly interest of 1.4% to 2.5%
Expert take
A trade-focused funder bridging supplier payments and customer receipts. For a £20,000 selective facility, the model works well for businesses wanting to advance only specific invoices rather than the whole sales ledger.
Source:https://www.treyd.io/
Finance for enterprise
Published loan range£1,000 to £2,000,000
Rate typeinterest 6.5% to 13.5% annually
Overview: Finance for enterprise starts lending from £1,000, making selective invoice finance accessible at entry levels that suit smaller businesses. Funding typically arrives within three days. Annual interest rates between 6.5% and 13.5% keep costs predictable. A trading history and affordability check will be expected as part of the application.
Best next step: Access selective finance from £1,000 within three days.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Low £1,000 minimum facility
- Predictable annual interest rates
- Flexible selective drawdown structure
Need to know
- Trading history usually required
- Personal guarantee may apply
- Facility limits subject to review
Expert take
A broad-spectrum funder serving working capital and growth needs. For a £20,000 selective facility, the low entry point suits younger B2B businesses trying selective invoice finance without committing their full ledger.
eCapital
Published loan rangeUp to £500,000
Rate typeinterest 7% to 14.5% annually
Overview: eCapital can fund invoices within an hour of approval, making it one of the faster routes to a £20,000 selective facility. This speed suits businesses facing urgent cash gaps between invoicing and customer payment. Annual interest charges run from 7% to 14.5%. Debtor quality and invoice authenticity will be scrutinised as part of the advance decision.
Best next step: Get selective invoice funding within one hour.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Same-day funding in one hour
- Advances up to £500,000
- Choose individual invoices to fund
Need to know
- Debtor quality heavily assessed
- Concentrated exposure may cap advances
- Annual interest from 7% to 14.5%
Expert take
A speed-driven financier for businesses needing same-day cash. For a £20,000 selective facility, the one-hour turnaround is compelling, and underwriting focuses tightly on debtor strength and invoice validity.
Source:https://ecapital.com/en-gb/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Time Finance writes invoice facilities up to £5 million, signalling capacity to grow alongside a business that starts with selective advances. Funding decisions come inside 24 hours. Annual rates start at 5.5% and the revolving structure lets businesses draw against chosen invoices as needs shift. Seasonal or fluctuating invoice volumes fit this model well.
Best next step: Scale your selective facility up to £5 million.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving drawdown against invoices
- Rates from 5.5% annually
- Funding within 24 hours
Need to know
- Facility can be reviewed or reduced
- Costs rise with usage frequency
- Invoice quality determines eligibility
Expert take
A mid-to-large scale funder with a revolving model that adapts to changing needs. For a £20,000 selective facility, the value lies in having headroom to scale without switching lenders as invoice volumes grow.
Source:https://www.timefinance.com/
WeDo Business Finance
Published loan rangeUp to £25,000,000
Rate typeinterest 3.5% to 9.5% monthly
Overview: WeDo Business Finance charges monthly interest from 3.5% to 9.5%, so a £20,000 selective facility tracks cost in line with how long each invoice remains outstanding. Facilities can reach £25 million, offering significant headroom. Funding typically lands within 24 hours. This lender suits businesses that want short-term selective advances and expect invoices to settle relatively quickly.
Best next step: Selective invoice finance up to £25 million available.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Monthly interest from 3.5%
- Funds available within 24 hours
- Pick individual invoices to advance
Need to know
- Monthly costs compound if invoices age
- Debtor concentration can restrict terms
- Invoice quality affects advance rates
Expert take
A high-capacity invoice funder with a monthly pricing model. For a £20,000 selective facility, it works best when businesses expect customer payment within weeks rather than months, keeping the monthly interest cost controlled.
PennyFreedom
Published loan rangeUp to £500,000
Rate typeinterest 7.5% to 15% annually
Overview: PennyFreedom turns selected invoices into cash within two hours of approval, offering near-immediate liquidity for a £20,000 selective facility. Annual interest rates sit between 7.5% and 15%. Advances cap at £500,000. This speed-first model helps businesses bridge short gaps between invoicing and receipt without tying up the entire sales ledger.
Best next step: Fund chosen invoices in as little as two hours.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Two-hour funding turnaround
- Advances up to £500,000
- Select only the invoices you need
Need to know
- Annual rates from 7.5% to 15%
- Debtor quality underpins decisions
- Not all invoices will qualify
Expert take
A fast-moving invoice funder geared toward immediate liquidity. For a £20,000 selective facility, the two-hour speed is the draw; the model favours businesses with strong, uncontested invoices from creditworthy commercial customers.
Factoringfinance
Published loan rangeNot published
Rate typeinterest 2.5% to 8% monthly
Overview: Factoringfinance uses a monthly interest model ranging from 2.5% to 8%, aligning costs with the time each selected invoice takes to clear. Funding turnaround is typically 24 hours. The lender works across invoice finance, asset finance and secured lending. For a £20,000 selective facility, debtor quality and invoice concentration will shape the terms offered.
Best next step: Selective invoice finance with 24-hour turnaround.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Monthly interest from 2.5%
- Funding within 24 hours
- Multi-product lender for growth
Need to know
- Loan range is not published
- Debtor concentration affects terms
- Security or guarantees may apply
Expert take
A multi-product lender spanning invoice, asset and secured finance. For a £20,000 selective facility, businesses should clarify facility minimums and advance rates early, as the model spans several product types.
Kriya Finance
Published loan rangeUp to £500,000
Rate typeinterest 5.49% to 10.59% annually
Overview: Kriya Finance advances up to £500,000 against selected invoices and can fund within 12 hours. Annual rates from 5.49% to 10.59% keep costs predictable. The lender has a start-up and growth-stage focus, which may help younger B2B businesses needing selective finance without an extensive trading record. Expect affordability checks and possible personal guarantee requirements.
Best next step: Selective invoice finance from 12 hours, start-up friendly.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Start-up and growth-stage focus
- Funding in as little as 12 hours
- Annual rates from 5.49%
Need to know
- Personal guarantee may be needed
- Affordability checks are standard
- Trading history still considered
Expert take
A digitally oriented funder with a soft spot for younger businesses. For a £20,000 selective facility, the start-up-friendly positioning helps when a limited trading history might rule out more traditional invoice finance providers.
Source:https://www.kriya.co/
HSBC Bank
Published loan range£1,000 to £300,000
Rate typeinterest 8.6% to 11.3% annually
Overview: HSBC provides invoice finance with sales ledger management, lending from £1,000. Annual rates of 8.6% to 11.3% offer the pricing transparency of a high-street bank for a selective facility. Funding typically takes two days. Underwriting is more thorough than at alternative lenders, so expect a longer application process and a need to demonstrate trading strength.
Best next step: Bank-backed selective invoice finance from £1,000.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- High-street bank pricing clarity
- Facilities from £1,000
- Sales ledger management included
Need to know
- Bank underwriting is slower
- Trading history likely required
- Rates from 8.6% to 11.3% annually
Expert take
A mainstream bank offering invoice finance with full sales ledger support. For a £20,000 selective facility, the bank's pricing clarity and brand stability are strengths; businesses should budget extra time for the underwriting process.
Source:https://www.business.hsbc.uk/en-gb/finance-and-borrowing
Tide Bank
Published loan range£500 to £20,000,000
Rate typeinterest 5% to 11.5% annually
Overview: Tide Bank offers invoice finance from £500 to £20 million, spanning both factoring and discounting. Annual interest rates range from 5% to 11.5%, and funding decisions typically complete within 24 hours. The digital-first banking model may streamline application steps, though secured lending criteria and affordability checks still apply.
Best next step: Selective invoice finance from £500 to £20 million.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Wide facility range from £500
- Digital-first application process
- Annual rates from 5%
Need to know
- Security may be required
- Affordability checks are standard
- Bank underwriting applies
Expert take
A digital bank offering invoice factoring and discounting across a broad facility range. For a £20,000 selective facility, the digital onboarding and competitive annual rates make it a modern alternative to high-street bank invoice finance.
Invoice Finance Calculator
What is selective invoice finance and how does it work for individual invoice funding
Selective invoice finance lets you borrow against specific invoices rather than committing your entire sales ledger. With whole-turnover invoice finance, every invoice you issue must go through the facility. Selective finance gives you the freedom to pick which invoices to fund, keeping most of your debtor book independent.
This matters for businesses that only need occasional cash flow support. You might have one large customer on 60-day terms while everyone else pays promptly. Instead of tying up your whole ledger, you finance just that one invoice.
You issue an invoice, send a copy to the lender, and receive an advance of up to around 90% of the invoice value. Your customer pays, and the lender releases the remaining balance minus their fee. For a £20,000 facility, you can fund individual invoices up to roughly £22,000 in face value, depending on the advance rate offered.
Why a £20,000 selective invoice finance facility suits businesses with lower invoice volumes
A £20,000 selective facility works well for smaller B2B firms that do not want a full-sales-ledger arrangement. Whole-turnover factoring often comes with minimum fee thresholds that make it uneconomical if you only need occasional funding. Selective finance keeps costs proportional to what you actually use.
With selective invoice finance at this level, you avoid tying up your entire debtor book. You keep control of most customer relationships and only involve the lender when you need to. This suits businesses with a handful of larger invoices rather than hundreds of small ones.
Several providers can accommodate a £20,000 requirement. Treyd publishes a minimum facility from £15,000. Finance for enterprise accepts facilities from £1,000. Tide Bank starts at just £500, and HSBC Bank begins at £1,000. A £20,000 ask sits comfortably within most providers' published ranges.
How selective invoice finance costs compare across UK providers
Costs for selective invoice finance vary by provider. Rates are typically quoted as a percentage of the invoice value. Below is a comparison of published rate ranges from several UK providers.
| Provider | Rate Range | Rate Type |
|---|---|---|
| Treyd | 1.4% to 2.5% | Per month |
| WeDo Business Finance | 3.5% to 9.5% | Per month |
| Time Finance | 5.5% to 13.5% | Per year |
| eCapital | 7% to 14.5% | Per year |
| Tide Bank | 5% to 11.5% | Per year |
Monthly-rate providers include Treyd at 1.4% to 2.5% per month and WeDo Business Finance at 3.5% to 9.5% per month. Annual-rate providers span from Tide Bank at 5% to 11.5% per year to eCapital at 7% to 14.5% per year. Most selective invoice finance arrangements also carry a service fee, so always ask for a full breakdown before signing.
What eligibility looks like for £20,000 selective invoice finance
Eligibility for selective invoice finance is often more flexible than whole-turnover arrangements because the lender only takes on specific debtor risk rather than your entire ledger. Most providers require a personal guarantee from directors, but homeowner status is rarely relevant for invoice finance.
Turnover expectations vary across the market. eCapital asks for a minimum of £60,000 in annual turnover. Treyd and WeDo Business Finance both look for at least £500,000. Kriya Finance sets its threshold at £50,000. Several providers, including Finance for enterprise and Time Finance, do not publish a fixed turnover minimum, which can help younger or smaller businesses.
Trading history requirements also differ. Treyd expects at least one year of trading. Kriya Finance requires three years. Tide Bank accepts businesses from day one with no minimum trading history. If you are a newer business, selective invoice finance may still be within reach provided your debtors are creditworthy. The key factor lenders assess is your customers' ability to pay, not just your own trading record.
