Invoice finance, also known as debtor finance or factoring, helps businesses unlock cash tied up in unpaid invoices by providing an upfront advance of up to 95% of the invoice value. The remaining balance, minus fees, is paid once the customer settles the invoice.
Types of invoice finance facilities include:
Costs typically include:
To qualify for an unsecured business loan, lenders typically look at your business’s credit history, annual revenue, trading duration (usually 6+ months), and your ability to repay. Unlike secured loans, you don’t need to offer collateral, making it ideal for fast-growing or asset-light businesses.
Unsecured business loans usually range from £5,000 to £500,000. The amount you're eligible for depends on your revenue, creditworthiness, and lender criteria. We work with lenders who offer flexible borrowing limits tailored to your needs.
Some of our lending partners offer decisions within 24 hours, and funding can be released as quickly as the same day. The process is online, streamlined, and hassle-free, so you can focus on growing your business.
Unsecured loans can be used for almost any business purpose, including cash flow management, stock purchases, equipment upgrades, marketing campaigns, or hiring new staff. It’s up to you how to invest in your growth.
Interest rates for unsecured business loans typically range from 6% to 25% APR, depending on the lender, loan amount, and your credit profile. Repayment terms vary between 6 months and 5 years. We’ll match you with the best rates available for your situation.
Complete our quick online form with a few details about your business and what you need funding for. No commitment, no jargon.
A dedicated finance expert will get in touch to understand your needs and tailor options that work for your business.
We’ll match you with trusted lenders from our panel, offering competitive rates and flexible terms suited to your sector.
Review your finance offers with full transparency. We’ll guide you through the details so you can make a confident decision.
Once approved, your funds are released quickly — often within 24–48 hours — so you can get back to growing your business.
Healthcare & Life Sciences
Technology & Telecommunications
Manufacturing & Industry
Transportation & Logistics
Services
You can receive up to 95% percent of the value of the invoice upfront. Typically, facilities are set around 80-90% of the invoice value upfront. It will depend on the provider, type of product behind the invoice, and business profile.
Many lenders can release the funds within 24-48 hours from the invoice. The timeframe will rely on how quickly the invoice is approved - as they run checks to validate each one.
Arranging a facility typically takes 1-3 weeks, depending on the provider and the business invoicing structure complexity, as the process involves initial consultation, document submission, and credit checks. Some lenders provide faster approvals for straightforward cases.
This will depend on the type of IF facility set. For reference, Invoice Discounting is confidential, while Invoice Factoring involves the provider contacting the clients to confirm invoices / chase payments.
This will rely on the agreement set with the provider. Some are flexible, while others may have a minimum term. When a term is set, there is usually the possibility to leave with notice in advance. It is common for business to change to another provider, rather than leave an IF facility completely, which is supported both by Spark and new provider.
.png)
"Invoice finance transforms unpaid invoices into working capital, giving businesses a flexible and often cost-effective funding solution. While it’s sometimes misunderstood, modern invoice finance can adapt to diverse needs, helping businesses improve cash flow without waiting for client payments."
