How old can an invoice be and still qualify for funding?
Most lenders fund invoices up to 90 days; many extend to 120 days and specialists may consider up to 180 days with good debtor credit and docs.
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Is there a minimum turnover, invoice volume or average invoice size to qualify?
No single minimum turnover or invoice size applies; eligibility depends on turnover, invoice frequency, debtor quality, sector and lender appetite.
Which sectors do you commonly support, and which are excluded?
Support for established UK SMEs in asset-rich sectors—construction, manufacturing, logistics, retail, hospitality. Excludes start-ups, sole traders.
What happens if a customer doesn’t pay—do lenders offer bad debt protection (non-recourse)?
Non-recourse (bad debt) protection is available via insured or selective factoring, but is limited by exclusions, insurer limits and higher fees.
What debtor concentration limits apply if I rely on a few large customers?
Debtor concentration: lenders typically cap single-debtor exposure ~10–30% and top 3–5 at ~40–60%; diversify, insure or use bespoke terms to mitigate.
How are disputed or overdue invoices treated by lenders?
Disputed/overdue invoices raise lender risk — expect exclusions, lower advances, reserves/holds. Factoring vs discounting affects dispute handling.
Are construction sector invoices, applications for payment and retentions eligible?
Construction invoices and certified payment applications are often fundable; retentions may need specialist finance—Best Business Loans can match you.
Can I include international/export invoices or invoices in foreign currencies?
Many funders accept export and foreign-currency invoices, but acceptance depends on provider policy, buyer/country risk, paperwork and FX.
Will lenders require personal guarantees or other security?
Personal guarantees and security are common in UK business lending but vary by product, lender and business strength; negotiate limits and seek advice
Can invoice finance sit alongside my existing overdraft, term loan or bank debenture?
Invoice finance can often sit alongside overdrafts or term loans, but depends on existing bank security, lender consent and intercreditor terms.
What are typical contract lengths, notice periods and exit/termination terms?
Guide to typical business finance terms: contract lengths (short, medium, long), notice periods, renewals, early repayment charges and exit steps.
Can I fund only selected invoices or specific customers/contracts?
Yes — selective invoice funding lets you fund individual invoices, customers or contracts. Terms, disclosure and costs vary by lender; compare options.