October 30, 2025
Lender Comparisons

Kriya vs Lloyds Bank Invoice Finance

Compare Kriya and Lloyds Bank Invoice Finance to find the best fit for business financial solutions. Explore rates, eligibility, and customer service.
James Laden
Co-founder and CEO

Kriya vs Lloyds Bank Invoice Finance: Which Lender Is Right for Your UK Business?

This guide compares two popular providers of invoice financing used by UK SMEs. We look at product design, pricing, speed, and service. It is written for founders, finance leads, and advisers who want clear facts. On first reference we link you to the lenders’ official pages: Kriya Invoice Finance and Lloyds Bank Invoice Finance.

TL;DR
  • Kriya is digital first with selective invoice discounting and pay-as-you-go or subscription pricing. Lloyds is a full-service bank offering factoring, discounting, debtor protection, and asset based lending support.
  • Both advertise advances up to 90% and funding within about 24 hours once set up. Kriya also quotes 8 working hours when bank-connected for some verifications.
  • Lloyds sets a published minimum turnover of £100k and can add debtor protection. Kriya’s onboarding is case by case with common securities such as debenture and personal guarantee.
  • Kriya is now part of Allica Bank, increasing funding firepower. Lloyds brings bank-scale operations and multi-currency support.
  • Choose Kriya for flexibility on single invoices and modern workflows. Choose Lloyds for broader facilities, debtor protection, and larger multi-product relationships.

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Invoice finance face‑off for UK SMEs

This dashboard turns the Kriya vs Lloyds comparison into charts you can scan. Read ranges as bars and the “typical” as a dot. Tabs cover price, amounts, terms, speed, and service extras. Use it to judge cost fit, funding headroom, and operational ease. The aim is clear trade‑offs so you can decide today which route fits your debtors, cash cycle, and paperwork capacity.

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The bars show discount fee ranges per 30 days. The dot marks the typical rate used in worked examples. Pricing moves with credit quality, sector risk, security, and time in use. A 1% rate gap on £100,000 over 5 years changes monthly by about £– and total interest by about £–. Prioritise the lower typical when you draw regularly; accept a wider range if your profile is strong and you can land at the low end.

Bars map minimum to maximum typical facility sizes. These facilities are receivables‑backed. Use lower limits for light, selective trades or short projects. Larger bands fit stock builds, fit‑out, or capex that need steady headroom. Bigger fixed lines may be available for stronger books and matter when seasonality peaks. Remember affordability and security drive the usable ceiling, not just the headline max.

Bars show facility term ranges in years. Longer terms cut monthly strain but lift total interest. At £50,000, 3 years vs 6 years changes monthly to about £– vs £– and adds roughly £– of interest over the life. Longer suits seasonal cash flow or growth plans that need time to ramp. Shorter terms suit fast‑turn ledgers and tighter cost control.

Each bar splits typical time from application to decision and decision to funds. The dot marks the fastest clean‑case path. Slowdowns come from document checks, bank statements, and security steps. If payroll is due in 5 days, the faster lender is safer. Fast paths assume clean files and quick signatures, so gather accounts, bank feeds, and your aged debt list early.

This chart captures application or listing fees and late payment fees. It does not include legal, audit, or valuation costs. A £150 fee on a £20,000 draw adds 0.75% to day‑one cost. Compare fees alongside rate and term, not alone. Ask how and when fees apply, and confirm early settlement rules to avoid surprises.

Bars show arrangement fees as a percent of the facility. Fees can be deducted upfront or added to the balance depending on product design. For example, 1.5% on £250,000 equals £3,750. A lower rate with a higher fee may still be cheaper over long terms. Model both rate and fee across your expected utilisation.

Scores combine booleans at 1, integration counts, and UX on a 1–5 scale. Open banking speeds underwriting. APIs help multi‑account firms automate. Mobile and portal UX support on‑the‑go approvals and faster reconciliations. Busy owners and multi‑entity groups gain most. If digital ease matters, test a live demo before you commit.

Left axis shows Trustpilot and Google star scores. Right axis shows NPS. Higher review volumes give steadier signals, while branch and case complexity can skew experiences. Read recent reviews and match themes to your needs, such as speed, document asks, and portal ease. Use this as a sense check, not the only input.

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Products and Terms at a Glance

Kriya overview, loan sizes, fees, repayment style, terms, eligibility

Kriya offers selective invoice discounting. You upload approved B2B invoices, Kriya runs buyer checks, and you can draw an advance of up to 90% with funds typically within 24 hours. For some connected accounts, verifications can complete faster. Pricing is transparent, with either a pay‑as‑you‑go structure or a contract subscription. Pay‑as‑you‑go uses a service fee on the invoice plus a discount fee on funds in use. The subscription option replaces the service fee with a monthly facility fee and keeps the discount fee on utilisation. There is also a small listing fee to cover payments. Security is assessed case by case and may include a debenture, a personal guarantee, and fraud indemnity. Kriya supports domestic and export invoices and multiple currencies.

  • Advance rate: up to 90% of invoice value. Source: Kriya product page.
  • Funding speed: target within 24 hours after verification. Source: Kriya product page and FAQs.
  • Pricing model: pay‑as‑you‑go (service fee + discount fee + listing) or subscription (monthly fee + discount fee + listing). Source: Kriya FAQs.
  • Repayment: buyer pays into a trust account, Kriya deducts advance and fees, balance (stub) released to you. Source: Kriya FAQs.
  • Eligibility: B2B invoices only, verification of buyer and invoices, security such as debenture and personal guarantee may be requested. Source: Kriya FAQs.
  • Status: Part of Allica Bank, with bank-level funding scale. Source: Kriya and Allica announcements.

Pros of Kriya

  • Selective use on single invoices. You only pay when you fund. Source: Kriya product page and FAQs.
  • Fast buyer authentication and portal-first workflows that integrate with accounting tools.
  • Clear fee components. Helpful for modelling costs and margins.
  • Export support in 45+ countries and multi‑currency options.
  • Backed by Allica Bank capital after acquisition, improving capacity and stability.

Cons of Kriya

  • Discount fee accrues on the gross advance, not net of fees. That increases cost on longer terms. Source: Kriya FAQs.
  • Verification can require customer contact for new buyers, which some firms prefer to avoid. Source: Kriya FAQs.
  • Security such as personal guarantees and a debenture may be required.
  • Not a full-service bank relationship across multiple products beyond working capital.

Lloyds Bank Invoice Finance overview, loan sizes, fees, repayment style, terms, eligibility

Lloyds Bank offers full ledger invoice discounting and invoice factoring with optional debtor protection and asset based lending support. Lloyds publishes a minimum annual turnover of £100,000 and requires that you sell B2B on credit terms and use accounting software. It advertises advances up to 90% of invoice value, with funds usually paid within 24 hours once invoices are verified. Pricing is tailored per facility. Like most providers, costs split into a service fee on invoices and a discount charge on funds in use. Multi‑currency and overseas debt are supported.

  • Advance rate: up to 90% of invoice value, paid within about 24 hours. Source: Lloyds Invoice Finance page.
  • Eligibility: B2B sales on credit terms, minimum turnover £100k, accounting software. Source: Lloyds Invoice Finance page.
  • Products: factoring, discounting, debtor protection, asset based lending. Source: Lloyds pages.
  • Pricing model: tailored, with service fee plus discount fee as is standard in the market. Source: UK Finance guide.
  • Channels: online portal for submissions and reporting. Source: Lloyds Invoice Finance Online.

Pros of Lloyds Bank Invoice Finance

  • Bank-scale operations and a broad set of receivables solutions.
  • Debtor protection available to reduce non‑payment risk and smooth cash flow.
  • Multi‑currency and support for UK and overseas debt.
  • Structured facilities that can sit alongside wider banking services.

Cons of Lloyds Bank Invoice Finance

  • More formal onboarding and documentation. Tailored pricing may take time to finalise.
  • Typically whole‑ledger rather than ad‑hoc single invoice trades.
  • Published minimum turnover threshold may exclude smaller or newer firms.

Costs and Repayments in Practice

Invoice finance pricing has two main parts. A service fee charged on invoice value, and a discount fee similar to interest on the funds you use. Most providers quote advances of 80 to 90 percent, with remaining funds (the stub) released on payment less fees. Funding is often available within about 24 hours once an invoice is verified. These are standard market patterns set out by the industry body, UK Finance.

Feature Kriya Lloyds Bank Invoice Finance
Advance rate Up to 90% of invoice value disclosed Up to 90% of invoice value disclosed
Funding speed Typically within 24 hours after verification. Bank connection can shorten verification for some trades. Usually within 24 hours once invoices are verified and submitted via the portal.
Pricing structure Pay‑as‑you‑go: service fee + discount fee + listing. Subscription: monthly fee + discount fee + listing. Tailored. Market standard is service fee + discount fee. Debtor protection premium optional.
Contract style Selective invoice discounting by default. No long fixed term for pay‑as‑you‑go; subscription has a term and notice period. Whole‑ledger discounting or factoring. Contracted facility with bank terms.
Eligibility highlights B2B invoices, buyer verification, typical securities include debenture and personal guarantee. B2B on credit terms, minimum turnover £100k, accounting software required.
Risk add‑ons Buyer checks and verification tools. Export and multi‑currency supported. Debtor protection option and asset based lending extension if needed.

Notes: Cost components reflect the UK Finance industry guide. Individual pricing varies by sector risk, debtor quality, concentration, and usage. Public advance rates and speeds are taken directly from lender pages.

Worked example: Kriya

Assumptions for illustration only: invoice £50,000 on 45‑day terms, 90% advance, pay‑as‑you‑go service fee 1.5% of face value, discount fee 2.5% per 30 days on funds in use, listing fee £30. Kriya accrues discount on the gross advance.

  • Advance received on day 1: £45,000.
  • Service fee: 1.5% × £50,000 = £750.
  • Discount fee: 2.5% × 1.5 months × £45,000 = £1,687.50.
  • Listing fee: £30.
  • Total cost: £2,467.50.
  • On debtor payment at day 45: stub released is £5,000 minus total cost = £2,532.50.

Cash flow effect: £45,000 now, then £2,532.50 later when the buyer pays. Total fees reflect the example inputs, not a quote.

Worked example: Lloyds Bank Invoice Finance

Assumptions for illustration only: invoice £50,000 on 30‑day terms, 90% advance, service fee 1.0% of face value, discount fee 2.0% per 30 days on funds in use. Debtor protection not included.

  • Advance received on day 1: £45,000.
  • Service fee: 1.0% × £50,000 = £500.
  • Discount fee: 2.0% × 1.0 months × £45,000 = £900.
  • Total cost: £1,400.
  • On debtor payment at day 30: stub released is £5,000 minus £1,400 = £3,600.

Cash flow effect: £45,000 now, then £3,600 later. If debtor protection is added, expect an additional premium on top of the above structure.

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Speed and Service

Kriya. Once a trade is verified, funds are typically in your account within 24 hours. Kriya’s FAQs also outline faster routes when you connect your business bank account or use accounting integrations, with some verifications completing within 8 working hours. New buyers usually require a one‑off check that may involve contacting the customer to confirm invoice details.

Lloyds. Lloyds advertises advances up to 90% with funding usually within 24 hours after verification. Processing runs through its Invoice Finance Online portal, which integrates with accounting packages for quicker submissions and real‑time allocations. Debtor protection can be added for additional risk cover. Asset based lending can extend facilities for firms with stock, plant, or property that need higher limits.

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Who Each Lender Suits

Typical scenario for Kriya

You want flexible, selective funding on individual invoices. Your buyer set includes a few large names that pass real‑time checks. You value a modern portal and clear fee items. You may also want embedded finance at checkout for B2B sales, or a line of working capital loans alongside receivables funding.

Typical scenario for Lloyds Bank Invoice Finance

You want a whole‑ledger facility from a major UK bank. You prefer tailored pricing and optional debtor protection. You trade in multiple currencies or overseas markets. You may need the ability to scale into asset based lending if limits need to grow with inventory and other assets.

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How to Apply

Application steps and documentation required for each lender

Kriya. Start by booking a call or demo from the Kriya invoice finance page. You will add your customers in the portal and connect accounts where possible. Expect to provide recent management accounts, bank statements, a detailed aged debtors list, and sample invoices or contracts. Security documents are case by case and can include a debenture and a personal guarantee. Once your first buyer and invoice are verified, the first advance typically follows within a business day.

Lloyds. Begin with the online quote tool or a call with the Invoice Finance team. Eligibility is B2B trade on credit terms, minimum turnover £100k, and accounting software. Be ready with filed accounts, recent management accounts, bank statements, an aged debtors report, top customer concentrations, and standard terms and conditions. After underwriting and facility documentation, you will be onboarded to Invoice Finance Online. Funding can start once ledgers are uploaded and verified, usually within around 24 hours per draw.

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Final Verdict: Which Lender Fits Your Business Best

Choose Kriya if…

  • You want selective invoice funding that you can turn on and off.
  • You prefer a digital journey and clear line‑item fees.
  • Your customers are larger B2B buyers that clear real‑time checks.
  • You need export and multi‑currency support with quick onboarding.
  • You want a provider now backed by a UK business bank for deeper capital access.

Choose Lloyds Bank Invoice Finance if…

  • You want a whole‑ledger solution with debtor protection and collections support.
  • You meet the £100k turnover threshold and value a bank relationship.
  • You operate across currencies or need larger structured limits.
  • You may extend into asset based lending as the business scales.
  • You prefer a single banking partner across working capital products.

Both lenders can help stabilise cash flow and unlock growth. The right choice depends on how you trade and how much flexibility you need. If you would like help comparing tailored quotes, speak to Funding Agent or send details through our enquiry form. We will map lenders to your debtor book and sector profile.

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Sources

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FAQs

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