April 14, 2026
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Best Selective Invoice Finance Lenders for Medical Device Suppliers

Discover the best selective invoice finance lenders tailored for medical device suppliers in the UK. Improve cash flow and business growth with trusted finance solutions.
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Best Selective Invoice Finance Lenders for Medical Device 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 Medical Device 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 provides a broker platform focused on facilitating access to a variety of business finance products for UK SMEs. It is suitable for franchise buyers or SME operators seeking loan options with straightforward eligibility checks. This service offers speed and transparency with options that typically do not require collateral and include multiple repayment types.

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. Bibby Financial Services

Bibby Financial Services offers invoice and asset finance solutions tailored for businesses needing to maintain cash flow or finance growth. It is generally suited to franchises and SMEs looking for flexible credit facilities secured on invoices. The provider aims to deliver quick access to capital with clear fee structures and a range of repayment options.

Loan Details

  • Min Amount: £100,000
  • Max Amount: £10,000,000
  • Min APR: 1.5%
  • Max APR: 4.5%
  • Loan Duration: Up to 120 days ⌛

Services & Industries

  • Finance Types: Invoice Finance, Asset Finance
  • Industries: Construction, Legal Services

Pros

  • Quick access to cash
  • Supports large financing needs

Cons

  • Higher APR for smaller loans

Sources: Source Source

3. Kriya

Kriya provides invoice finance and working capital facilities aimed at UK SMEs requiring flexible, short-term funding solutions. It typically suits businesses, including franchises, seeking speed and adaptable terms without committing long term. The offering includes options that do not necessarily require security and can be tailored to cash flow cycles.

Loan Details

  • Min Amount: £50,000
  • Max Amount: £500,000
  • Min APR: 6%
  • Max APR: 12%
  • Loan Duration: 1 to 12 months ⌛

Services & Industries

  • Finance Types: Invoice Finance, Working Capital Loans
  • Industries: Healthcare, Technology

Pros

  • Flexible terms
  • Focus on SME needs

Cons

  • Higher APRs for low credit scores

Sources: Source Source

4. Skipton Business Finance

Skipton Business Finance is focused on asset-based lending and invoice financing for established SMEs with larger funding requirements. It suits borrowers who can provide security and seek longer loan terms. The provider emphasizes tailored financial solutions with structured repayments and comprehensive service.

Loan Details

  • Min Amount: £2,000,000
  • Max Amount: £10,000,000
  • Min APR: 2.5%
  • Max APR: 6%
  • Loan Duration: Up to 6 years ⌛

Services & Industries

  • Finance Types: Asset-based Lending, Invoice Finance
  • Industries: Manufacturing, Transport

Pros

  • No banking charges
  • Suitable for larger financing

Cons

  • Strict criteria for applicants

Sources: Source Source

5. Close Brothers

Close Brothers delivers asset finance and term loans tailored for businesses that require capital to acquire or refinance physical assets. It is appropriate for SMEs able to offer collateral and looking for stable repayment plans over moderate to long durations. Their approach tends to focus on sectors with specific capital equipment needs.

Loan Details

  • Min Amount: £25,000
  • Max Amount: £2,000,000
  • Min APR: 2.5%
  • Max APR: 5%
  • Loan Duration: 3 months to 6 years ⌛

Services & Industries

  • Finance Types: Asset Finance, Term Loans
  • Industries: Aviation, Machinery

Pros

  • Flexible payment terms
  • Strong industry presence

Cons

  • Requires asset collateral

Sources: Source Source

6. Lloyds Bank

Lloyds Bank provides a broad range of business loan products designed to support SMEs’ growth and cash flow needs. It is typically suitable for franchises and established businesses able to meet bank lending criteria. Offering a wide variety of repayment structures, it focuses on long-term stability and competitive rates.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 6.9%
  • Max APR: 12%
  • Loan Duration: 1 to 25 years ⌛

Services & Industries

  • Finance Types: Business Loans, Overdraft Facilities
  • Industries: Retail, Hospitality

Pros

  • Extensive banking support
  • Favorable rates for existing customers

Cons

  • Strict eligibility requirements

Sources: Source Source

7. White Oak UK

White Oak UK offers SME business loans and equipment leasing aimed at businesses requiring flexible financing for operational expansion. Suitable for medical device suppliers and other sectors, it provides relatively quick funding with various repayment terms. Collateral requirements vary by product and client profile.

Loan Details

  • Min Amount: £25,000
  • Max Amount: £2,000,000
  • Min APR: 6.95%
  • Max APR: 18.9%
  • Loan Duration: 1 to 5 years ⌛

Services & Industries

  • Finance Types: Term Loans, Equipment Leasing
  • Industries: Construction, Hospitality

Pros

  • Quick funding decision
  • Diverse sectors supported

Cons

  • Higher fees for some loan products

Sources: Source Source

8. Aldermore Bank

Aldermore Bank specialises in flexible business finance options for UK SMEs, offering invoice and asset finance with expert loan support. It fits organisations seeking tailored funding with consideration for industry specifics and government-backed schemes. Repayment plans and security requirements vary based on the arrangement.

Loan Details

  • Min Amount: £25,000
  • Max Amount: £2,000,000
  • Min APR: 5.5%
  • Max APR: 12%
  • Loan Duration: 3 months to 6 years ⌛

Services & Industries

  • Finance Types: Invoice Finance, Asset Finance
  • Industries: Real Estate, Transport

Pros

  • Tailored loan options
  • Government-backed schemes

Cons

  • Limited branch network

Sources: Source Source

9. Growth Lending

Growth Lending specialises in providing growth capital and term loans to UK SMEs aiming for mergers, acquisitions, or expansion. It suits medical device suppliers seeking substantial capital injections with flexible structuring. Borrowers should be prepared for comparatively higher rates reflecting the scale and risk profile.

Loan Details

  • Min Amount: £2,000,000
  • Max Amount: £10,000,000
  • Min APR: 11.2%
  • Max APR: 16.1%
  • Loan Duration: Up to 5 years ⌛

Services & Industries

  • Finance Types: Growth Capital, Term Loans
  • Industries: Technology, Healthcare

Pros

  • Significant capital support
  • Focus on high-growth sectors

Cons

  • Higher interest rates

Sources: Source Source

10. Novuna

Novuna offers various business loans and asset finance with a focus on sustainability and efficient funding solutions. The provider is appropriate for SMEs looking for long repayment terms and environmentally conscious finance options. Loan structures support diverse industry needs with an emphasis on flexibility and cost-effectiveness.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £500,000
  • Min APR: 6.7%
  • Max APR: 12%
  • Loan Duration: 1 to 30 years ⌛

Services & Industries

  • Finance Types: Business Loans, Asset Finance
  • Industries: Retail, Renewable Energy

Pros

  • Eco-friendly focus
  • Long repayment terms

Cons

  • Potential higher initial fees

Sources: Source Source

How to choose

When selecting the best selective invoice finance lenders for medical device suppliers, consider your required loan size and APR to ensure alignment with your budget. Evaluate eligibility criteria carefully to determine fit, as this affects approval chances. Prioritise lenders that offer flexible repayment options suitable for your cash flow patterns and the seasonal nature of the medical device industry. Speed of funding is important, but balance this against the level of security required and the overall cost. Review all lender fees and early repayment terms thoroughly before making an application.

Conclusion

Matching the right lender to your needs depends on whether you prefer a bank, broker, or specialist provider. Banks often provide stable, long-term lending for established businesses but may require stricter eligibility. Brokers like Funding Agent offer faster access and a variety of options ideal for smaller loans or working capital needs. Specialists typically focus on niche products suited for larger financing or asset-backed loans. For a 200 thousand pounds loan, consider your security, repayment flexibility, and the provider’s sector expertise when choosing the best fit.

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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
2Bibby Financial ServicesBibby Financial Services provides a wide range of financial solutions, including invoice financing, to support UK businesses in maintaining cash flow and growing their operations.£100,000–£10,000,000; 1.5%–4.5% APR; Up to 120 days
3KriyaKriya offers innovative invoice finance and working capital solutions, designed to support UK SMEs by providing fast and flexible financing options.£50,000–£500,000; 6%–12% APR; 1 to 12 months
4Skipton Business FinanceSkipton Business Finance specializes in asset-based lending and invoice financing, supporting SMEs across various sectors with tailored financial solutions.£2,000,000–£10,000,000; 2.5%–6% APR; Up to 6 years
5Close BrothersClose Brothers offers comprehensive asset finance options, providing UK businesses with the necessary capital to purchase or refinance assets efficiently.£25,000–£2,000,000; 2.5%–5% APR; 3 months to 6 years
6Lloyds BankLloyds Bank provides a broad spectrum of business loans, designed to support SMEs in expanding operations and managing cash flow efficiently.£1,000–£1,000,000; 6.9%–12% APR; 1 to 25 years
7White Oak UKWhite Oak UK specializes in offering SME business finance solutions, including business loans and equipment leasing, to support growth and operational needs.£25,000–£2,000,000; 6.95%–18.9% APR; 1 to 5 years
8Aldermore BankAldermore Bank offers flexible business finance solutions tailored to meet the unique needs of UK SMEs, providing expert support throughout the loan process.£25,000–£2,000,000; 5.5%–12% APR; 3 months to 6 years
9Growth LendingGrowth Lending provides capital solutions for UK SMEs, offering growth capital to support mergers, acquisitions, and expansion projects.£2,000,000–£10,000,000; 11.2%–16.1% APR; Up to 5 years
10NovunaNovuna offers a wide range of financial solutions to UK businesses, focusing on sustainable asset options and efficient funding for growth.£10,000–£500,000; 6.7%–12% APR; 1 to 30 years
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