April 14, 2026
Lists

Best Selective Invoice Finance Lenders for Tradespeople and Contractors

Discover the best selective invoice finance lenders for tradespeople and contractors in the UK. Find flexible funding options to improve cash flow and grow your business.
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Best Selective Invoice Finance Lenders for Tradespeople and Contractors
James Laden
Co-founder and CEO

James Laden is the Co-founder and CEO of Funding Agent. He has 8 years of experience working with major financial companies in the UK, and now focuses on making business funding simpler for SMEs through a faster, technology-led application journey. He writes about business lending, alternative finance, and what lenders look for when assessing applications.

Best Selective Invoice Finance Lenders for Tradespeople and Contractors

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 focuses on helping UK SMEs quickly compare a variety of business finance options through an easy application process. It is typically suitable for businesses seeking unsecured loans with straightforward eligibility and no collateral. The platform offers speed and flexibility, supporting different repayment types and loan durations.

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. Lloyds Bank Invoice Finance

Lloyds Bank Invoice Finance offers a range of invoice finance products aimed at improving cash flow by leveraging outstanding invoices. It is generally suitable for established businesses seeking tailored finance solutions. The bank provides a variety of terms and options, with flexibility depending on business performance and collateral availability.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Variable

Services & Industries

  • Finance Types: Invoice Factoring, Invoice Discounting
  • Industries: General Business

Pros

  • Trusted bank with a wide range of financial products
  • Comprehensive business support

Cons

  • Variable loan terms based on business performance

Sources: Source

3. Swoop Funding

Swoop Funding provides access to various loan and invoice finance options designed for SMEs across sectors like construction and services. It is suitable for businesses seeking broad financing choices with varying repayment terms. The platform offers competitive speed and some flexibility, although specific loan conditions depend on the product.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £10,000,000
  • Min APR: 8%
  • Max APR: 0%
  • Loan Duration: Up to 15 years

Services & Industries

  • Finance Types: Invoice Finance, Business Loans
  • Industries: Construction, Services

Pros

  • Wide range of funding options
  • Fast approval process

Cons

  • Interest rates can be high for small loans

Sources: Source

4. Bibby Financial Services

Bibby Financial Services is an independent provider offering invoice and asset finance solutions tailored to UK SMEs, often in industries like construction and manufacturing. It suits businesses seeking customised funding with flexible terms. The provider offers options with variable durations and different security requirements depending on needs.

Loan Details

  • Min Amount: £0
  • Max Amount: £7,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Variable

Services & Industries

  • Finance Types: Invoice Finance, Asset Finance
  • Industries: Construction, Manufacturing

Pros

  • Flexible funding solutions
  • Strong industry expertise

Cons

  • Limited public information on APR rates

Sources: Source

5. 1st Commercial Credit

1st Commercial Credit specialises in invoice factoring and purchase order finance suited to UK businesses requiring tailored working capital solutions. It is appropriate for companies needing quick cash flow support without extensive collateral. The finance terms are typically variable, adjusting to business needs and industry sectors.

Loan Details

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

Services & Industries

  • Finance Types: Invoice Factoring, Purchase Order Financing
  • Industries: General Business, Import/Export

Pros

  • Quick access to cash
  • Tailored to business needs

Cons

  • Limited information on loan parameters

Sources: Source

6. Novuna

Novuna offers a mix of business finance solutions including invoice finance and small business loans targeted at UK SMEs in retail and manufacturing. It is suited to businesses seeking moderate loan durations with potential asset finance options. Novuna aims to provide competitive rates and efficient fund disbursement with some flexibility in product choice.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Short to medium term

Services & Industries

  • Finance Types: Invoice Finance, Business Loans, Asset Finance
  • Industries: Retail, Manufacturing

Pros

  • Competitive rates
  • Quick fund disbursement

Cons

  • Not suitable for all business types

Sources: Source

7. Kriya

Kriya delivers business financing including invoice finance and short-term working capital loans suitable for UK SMEs in technology and e-commerce sectors. Its products emphasise fast access to funds and flexible terms. Kriya supports borrowers that require brief loan durations and streamlined digital applications.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 1 to 3 months

Services & Industries

  • Finance Types: Invoice Finance, Working Capital Loans
  • Industries: Technology, E-commerce

Pros

  • Flexible financing options
  • Innovative digital platform

Cons

  • Short loan durations

Sources: Source

8. Growth Lending

Growth Lending specialises in tailored funding solutions including growth capital and invoice finance, targeting ambitious UK SMEs in technology and healthcare sectors. It is suitable for businesses seeking larger loan amounts with flexibility in funding structure. The provider supports various repayment options and offers expert financial guidance.

Loan Details

  • Min Amount: £2,000,000
  • Max Amount: £10,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Variable

Services & Industries

  • Finance Types: Growth Capital, Invoice Finance
  • Industries: Technology, Healthcare

Pros

  • Expert financial advice
  • Large funding amounts

Cons

  • High entry-level loan amount

Sources: Source

9. Skipton Business Finance

Skipton Business Finance offers asset-based lending including invoice finance designed to support UK SMEs in industries like manufacturing and services. It is suited to businesses seeking flexible loan terms supported by asset security. The financing options provide working capital solutions with variable durations and repayment structures.

Loan Details

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

Services & Industries

  • Finance Types: Invoice Factoring, Asset-Based Lending
  • Industries: Manufacturing, Services

Pros

  • Flexible funding options
  • Strong support for SMEs

Cons

  • Lack of transparency on pricing

Sources: Source

10. FundThrough

FundThrough provides invoice factoring services aimed at unlocking cash quickly by advancing payments against outstanding invoices. It suits SMEs looking for short-term funding without long-term commitments. The provider focuses on fast access and simple terms specifically for invoice finance.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Up to 6 months

Services & Industries

  • Finance Types: Invoice Factoring
  • Industries: SMEs

Pros

  • Fast access to funds
  • No long-term contracts

Cons

  • Limited to invoice financing

Sources: Source

How to choose

When selecting selective invoice finance lenders for tradespeople and contractors, consider the size and term of loans that fit your business cash flow. Check each provider's eligibility criteria and whether their products offer flexibility in repayments and security requirements. Prioritise lenders that match your sector and credit profile to ensure easier approval. Assess the speed of funding and whether brokered or direct application suits your timeline. Review fees, rates, and any restrictions carefully. Choose a lender that balances competitive terms with your operational needs.

Conclusion

Matching the right lender to your specific invoice finance needs is essential. Banks typically offer stability and broad services but may have stricter criteria. Brokers can provide a range of options and quicker access, while specialists focus on tailored solutions for tradespeople and contractors. Funding Agent is useful for SMEs seeking quick comparison across multiple providers. Always verify terms for your particular use case before committing to a 200 thousand pounds loan or similar finance.

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FAQs

What is selective invoice finance?
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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
2Lloyds Bank Invoice FinanceLloyds Bank offers a range of invoice finance solutions designed to improve business cash flow by leveraging unpaid invoices.£1,000–£0; 0%–0% APR; Variable
3Swoop FundingSwoop Funding provides access to a variety of loan options tailored to SMEs, including invoice finance for tradespeople.£5,000–£10,000,000; 8%–0% APR; Up to 15 years
4Bibby Financial ServicesBibby Financial Services is a leading independent provider of invoice finance solutions in the UK, offering customized funding options.£0–£7,000,000; 0%–0% APR; Variable
51st Commercial Credit1st Commercial Credit specializes in invoice factoring services and offers financial solutions for UK businesses.£0–£0; 0%–0% APR; Variable
6NovunaNovuna offers innovative business finance solutions, including invoice finance and small business loans, to support cash flow needs.£10,000–£0; 0%–0% APR; Short to medium term
7KriyaKriya provides business financing solutions including PayLater options, invoice finance, and working capital loans for SMEs.£0–£0; 0%–0% APR; 1 to 3 months
8Growth LendingGrowth Lending provides bespoke funding solutions such as invoice financing and growth capital for ambitious UK SMEs.£2,000,000–£10,000,000; 0%–0% APR; Variable
9Skipton Business FinanceSkipton Business Finance offers asset-based lending including invoice finance options to support UK SMEs' working capital needs.£0–£0; 0%–0% APR; Variable
10FundThroughFundThrough provides invoice factoring services intended to unlock cash quickly for businesses by advancing funds against their outstanding invoices.£0–£0; 0%–0% APR; Up to 6 months