April 14, 2026
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Best Selective Invoice Finance Lenders for Automotive Suppliers

Discover the best selective invoice finance lenders tailored for automotive suppliers in the UK. Learn how invoice finance can boost cash flow and support your business growth.
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Best Selective Invoice Finance Lenders for Automotive Suppliers
Abdus-Samad Charles
Finance Writer

Abdus-Samad Charles is a finance writer and the Head of Content at Funding Agent, with four years’ experience creating practical, easy-to-follow, SEO-informed guidance for UK small and medium-sized businesses. He specialises in turning complex funding topics, like eligibility criteria, documentation requirements, approval timelines, and lender expectations, into clear, research-led resources that are easy to find and help business owners make confident, informed decisions.

Best Selective Invoice Finance Lenders for Automotive Suppliers

For UK franchise buyers and operators, this guide compares loan periods and amounts, APRs, and terms across leading providers, with a focus on eligibility and fit. Amounts that could not be verified are left blank, prices accurate as of 2026-04-08.

1. Funding Agent

Funding Agent offers a streamlined platform for UK SMEs to compare business finance options. It is suitable for businesses seeking a quick application process and straightforward eligibility matching. The provider emphasises speed, ease of use, and unsecured lending.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £1,000,000
  • Min APR: 4%
  • Max APR: 20%
  • Loan Duration: 3–60 months ⌛

Services & Industries

  • Finance Types: Unsecured business loans, MCA Loans, Working capital
  • Industries: UK SME's

Pros

  • fastest and easiest application process
  • No collateral required

Cons

  • lower track record, only trading 1 year

Sources: Funding Agent

2. Triver

Triver focuses on AI-powered invoice finance solutions that leverage client receivables. It is typically suitable for UK SMEs requiring invoice-based funding with fast access to capital. This provider highlights technology-driven processing with clear funding options.

Loan Details

  • Min Amount: £0
  • Max Amount: £400,000
  • Min APR: 6%
  • Max APR: 0%
  • Loan Duration: 1 to 5 years ⌛

Services & Industries

  • Finance Types: Invoice Finance
  • Industries: Various sectors

Pros

  • Instant capital
  • AI-powered solutions

Cons

  • Limited to invoice finance

Sources: Source

3. Lloyds Bank

Lloyds Bank provides a broad range of business loans with flexibility in terms and repayment options. It suits UK SMEs looking for established banking solutions with a variety of loan products. The bank offers support with secured and unsecured lending options.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 6.9%
  • Max APR: 0%
  • Loan Duration: 1 to 25 years ⌛

Services & Industries

  • Finance Types: Business Loans, Overdrafts
  • Industries: All sectors

Pros

  • Wide range of loan amounts
  • Established bank

Cons

  • Potentially high APR for lower credit scores

Sources: Source

4. Skipton Business Finance

Skipton Business Finance specialises in asset-based lending and invoice financing, targeting working capital needs. It is suitable for UK SMEs in sectors like manufacturing and logistics requiring secured finance solutions. The provider offers flexible terms with a focus on asset-backed lending.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 2.5%
  • Max APR: 0%
  • Loan Duration: Variable terms ⌛

Services & Industries

  • Finance Types: Invoice Finance, Asset-Based Lending
  • Industries: Manufacturing, Transport, Logistics, Services, Recruitment

Pros

  • Interest-free invoice factoring
  • No banking charges

Cons

  • Strict funding criteria

Sources: Source

5. Ultimate Finance

Ultimate Finance delivers customised asset-based lending solutions suited for businesses seeking tailored finance products. It typically benefits UK SMEs requiring structured lending with flexible repayment options. This provider focuses on diversity of funding with an emphasis on asset-backed loans.

Loan Details

  • Min Amount: £100,000
  • Max Amount: £4,000,000
  • Min APR: 0%
  • Max APR: 0.79%
  • Loan Duration: 12 to 84 months ⌛

Services & Industries

  • Finance Types: Asset Finance, Bridging Loans
  • Industries: Various sectors

Pros

  • Quick access to capital
  • Multiple funding solutions

Cons

  • Potentially high APR on certain products

Sources: Source

6. Growth Lending

Growth Lending offers growth capital and term loans, mainly for larger UK SMEs aiming for expansion. It is suited for established businesses seeking specialist sector funding with structured repayment terms. The lender caters to significant capital needs with tailored loan arrangements.

Loan Details

  • Min Amount: £2,000,000
  • Max Amount: £10,000,000
  • Min APR: 0%
  • Max APR: 16.072%
  • Loan Duration: 3 to 5 years ⌛

Services & Industries

  • Finance Types: Growth Capital, Term Loans
  • Industries: Healthcare, Various growth sectors

Pros

  • Tailored growth capital
  • Specialist sector funding

Cons

  • Requires substantial turnover

Sources: Source

7. Kriya

Kriya provides working capital loans and B2B payment solutions designed to simplify cash flow management. It is typically suited for SMEs needing flexible funding for operational expenses. Kriya offers products with straightforward terms and no collateral requirements.

Loan Details

  • Min Amount: £350,000
  • Max Amount: £500,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 1 to 5 years ⌛

Services & Industries

  • Finance Types: Working Capital Loans, Invoice Finance, B2B Payments
  • Industries: Various sectors

Pros

  • Flexible terms
  • High loan limit

Cons

  • Might require longer repayment schedules

Sources: Source

8. Iwoca

Iwoca offers fast and flexible unsecured business loans suitable for a wide range of SME needs. It is appropriate for businesses requiring quick funding decisions and no early repayment penalties. The provider emphasises accessibility and speed.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 1.5%
  • Max APR: 49%
  • Loan Duration: 1 day to 24 months ⌛

Services & Industries

  • Finance Types: Business Loans, Line of Credit
  • Industries: All sectors

Pros

  • No early repayment fees
  • Quick decisions

Cons

  • High APR on long-term loans

Sources: Source

9. Novuna Business Finance

Novuna Business Finance provides flexible finance solutions including business loans and asset finance. It is suited for UK SMEs seeking adaptable repayment structures and speedy fund release. The lender offers a variety of funding options for different industries.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £500,000
  • Min APR: 0%
  • Max APR: 36.4%
  • Loan Duration: 5 to 30 years ⌛

Services & Industries

  • Finance Types: Business Loans, Asset Finance
  • Industries: Construction, Retail, Services

Pros

  • Flexible terms
  • Speedy fund release

Cons

  • May involve hidden fees

Sources: Source

10. Millbrook Business Finance

Millbrook Business Finance offers both secured and unsecured bespoke financing for a range of business types. It suits SMEs seeking high loan limits and personalised funding solutions. This provider acts more as a broker than a direct lender, emphasising tailored access.

Loan Details

  • Min Amount: £20,000
  • Max Amount: £25,000,000
  • Min APR: 7.5%
  • Max APR: 29.9%
  • Loan Duration: 1 to 60 months ⌛

Services & Industries

  • Finance Types: Business Loans, Asset Finance
  • Industries: Various sectors

Pros

  • High loan limit options
  • Bespoke solutions

Cons

  • Broker rather than a direct lender

Sources: Source

How to choose

When selecting the best selective invoice finance lenders for automotive suppliers, consider your business's unique cash flow and invoicing cycles. Evaluate loan sizes and APRs to align with your budget and operational needs. Check eligibility criteria carefully to ensure fit. Balance the speed of funding against flexibility in repayment terms. Also factor in whether collateral or security is required and whether the lender specialises in invoice financing or broader business finance. Understanding these elements helps identify the right lender to support your working capital requirements.

Conclusion

Choosing the right lender depends on your specific financing needs. Banks typically offer a wide range of products and established support, suitable for various business sizes. Brokers provide access to multiple lenders with tailored solutions but may act as intermediaries. Specialists focus on niche financing such as invoice finance or asset-backed loans, ideal for targeted use cases. Funding Agent remains a strong choice for those seeking fast comparisons and clear options for loans around 200 thousand pounds and above. Always verify current terms directly with providers before committing.

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FAQs

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1Funding AgentFunding Agent helps UK SMEs compare business finance options fast, with a simple application journey and quick eligibility matching.£10,000–£1,000,000; 4%–20% APR; 3–60 months
2TriverTriver leverages receivable client invoices through AI-powered invoice finance solutions, providing up to £400,000 facilities for UK SMEs.£0–£400,000; 6%–0% APR; 1 to 5 years
3Lloyds BankLloyds Bank offers a wide range of business loans to UK businesses, with flexible terms and a strong support network.£1,000–£1,000,000; 6.9%–0% APR; 1 to 25 years
4Skipton Business FinanceSkipton Business Finance provides asset-based lending and invoice financing solutions designed to unlock working capital for UK SMEs.£0–£0; 2.5%–0% APR; Variable terms
5Ultimate FinanceUltimate Finance offers tailored asset-based lending solutions, helping businesses meet their financing goals with a wide range of products.£100,000–£4,000,000; 0%–0.79% APR; 12 to 84 months
6Growth LendingGrowth Lending provides growth capital to SMEs in the UK, supporting a wide range of expansionary activities.£2,000,000–£10,000,000; 0%–16.072% APR; 3 to 5 years
7KriyaKriya specializes in working capital loans and B2B ‘PayLater’ solutions, simplifying cash flow management for SMEs.£350,000–£500,000; 0%–0% APR; 1 to 5 years
8IwocaIwoca offers quick and flexible business loans to UK SMEs with options for unsecured loans up to £1 million.£1,000–£1,000,000; 1.5%–49% APR; 1 day to 24 months
9Novuna Business FinanceNovuna provides flexible business finance solutions with straightforward repayment structures and rapid fund release.£10,000–£500,000; 0%–36.4% APR; 5 to 30 years
10Millbrook Business FinanceMillbrook Business Finance offers both unsecured and secured business loans with personalized finance solutions for every business type.£20,000–£25,000,000; 7.5%–29.9% APR; 1 to 60 months
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