Switch your invoice finance provider with confidence
Review your existing invoice finance facility and explore whether a different provider could offer better funding, service, pricing or structure.
- ✓ For UK Limited Companies and PLCs
- ✓ Turnover from £1m to £250m
- ✓ B2B businesses
- ✓ All sectors considered
Why switch invoice finance provider?
Businesses often review their invoice finance provider when the current facility no longer matches their funding needs, service expectations or growth plans.
An invoice finance facility that worked well at the start may become restrictive as the business grows, changes customers, enters new sectors or needs a different funding structure.
Switching provider can be considered where funding limits are too low, availability is restricted, pricing has become uncompetitive, service has declined or the facility structure no longer fits the business.
The right replacement facility depends on your existing agreement, debtor book, notice period, funding requirement and the type of invoice finance that best suits your business.
Best suited to: established B2B businesses that already use invoice finance and want to review whether a better facility may be available.
When to review your invoice finance provider
A provider review can help identify whether your current invoice finance facility is still the right fit.
Funding restrictions
Your current facility may not provide enough availability, headroom or flexibility for your growth plans.
Pricing concerns
Reviewing the market can help compare whether a different structure or provider may offer better value.
Service issues
Slow responses, poor communication or operational friction can make a facility harder to manage.
Business growth
A growing business may need a larger, more flexible or more sophisticated invoice finance facility.
Confidentiality needs
You may want to explore a more discreet facility or move from factoring toward discounting.
Wider funding need
Your business may need broader funding, such as asset-based lending or a more structured facility.
What could improve when switching?
A switch is not only about price. The right provider should match your funding needs, customer base, operating style and future plans.
Funding availability
Explore whether another provider could offer more suitable funding headroom or fewer restrictions.
Facility structure
Review whether factoring, discounting, confidential discounting or asset-based lending may be more suitable.
Control and service
Consider the level of service, reporting, communication and day-to-day control your business needs.
Growth fit
Make sure the facility can support future turnover, new customers, larger contracts and wider funding needs.
A provider switch should be planned carefully.
Switching may suit businesses that want:
- ✓ More suitable funding availability
- ✓ A better service experience
- ✓ A different facility structure
- ✓ A review of pricing and terms
- ✓ Funding that better supports growth
Who we help
Invoice Advance works with established UK B2B Limited Companies and PLCs looking to review, switch or refinance invoice finance facilities.
- ✓ Businesses already using invoice finance
- ✓ Companies with growing funding requirements
- ✓ Businesses reviewing service or pricing
- ✓ All B2B sectors considered
How switching invoice finance provider works
The process starts with a review of your existing facility, your business needs and what you want to improve.
Review current facility
Share your current provider, facility type, funding level and what is not working as well as it should.
Identify requirements
Your funding needs, customer profile, debtor book and growth plans are reviewed.
Compare options
Where appropriate, suitable providers can be compared for funding, structure, pricing and service fit.
Plan the switch
If you proceed, the switch can be planned around notice periods, security and funding continuity.
Switching invoice finance provider questions
Common questions from UK businesses reviewing their existing invoice finance provider.
Can I switch invoice finance provider?
Yes, many businesses switch providers. The process depends on your current agreement, notice period, security, debtor book and replacement facility.
Why do businesses switch invoice finance provider?
Common reasons include funding restrictions, pricing, poor service, business growth, confidentiality needs or a requirement for a different facility structure.
Can switching improve funding availability?
In some cases, yes. A different provider or facility structure may offer more suitable funding availability, but this depends on your business, debtor book and funder criteria.
Will switching disrupt my business?
A switch should be planned carefully to reduce disruption. Notice periods, security release, customer communication and funding continuity all need to be considered.
Can I switch from factoring to discounting?
Potentially. If your business has strong credit control and suitable customer relationships, discounting or confidential invoice discounting may be considered, subject to funder criteria.
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Review your current invoice finance facility. It only takes a minute to start your enquiry.