Advantedge business finance

Advantedge consumer finance specialises in releasing cash flow of up to £1.5 million to help small and medium-sized businesses to grow.

Last updated:

Advantedge

Formerly known as Factor 21, the direct lender Advantedge has provided more than £2 billion to UK businesses since it was founded in 2002.

If you’re looking to free up working capital in order to grow your business, Advantedge offers a range of ways to unlock the value tied up in unpaid invoices.

Think Business Loans

Think Business Loans

Finder has teamed up with Think Business Loans to help SMEs quickly and easily find a competitive business financing solution that works for them.

  • Match your eligibility in minutes with no credit check
  • One simple form to compare 200+ lenders
  • Receive your funds the same day with no hidden fees
Promoted

Invoice finance

Invoice finance releases cash tied up in outstanding customer invoices providing you with fast access to funds to grow your business. It provides an ongoing source of funding linked directly to your sales. Advantedge can administer the sales ledger and collect the outstanding invoice payments on your behalf, which could save you time and money.

Options for invoice finance

Advantedge offers two types of invoice finance, depending on your business needs.

Invoice discounting

Receive up to 90% of the value of your invoices and Advantedge will collect the money from your customers. This option can be confidential so your customers do not need to know you’re using an invoice finance solution.

Who is eligible for invoice discounting with Advantedge?

Your business could be eligible for invoice discounting if you:

  • Want to release funds of up to £1.5 million from your business
  • Are looking at buying another business
  • Need to access funds to grow

You must be able to show your business can afford the fee attached to this product.

Selective invoice finance

This enables you to access funds against outstanding invoices on a customer-by-customer basis. You can select a customer or customers based on how much funding you want. Get up to 80% of the value of selected outstanding invoices.

Who is eligible for selective invoice finance with Advantedge?

Your business could be eligible for selective invoice finance if you:

  • Have seasonal and cyclical trading patterns
  • Want to improve cash flow
  • Are looking at buying another business

You must be able to show your business can afford the fee attached to this product.

Benefits of invoice finance with Advantedge

  • Access to instant cash. Unlock up to 90% of the cash tied up in your invoices, depending on the option you choose.
  • Online account management. Get access to your account 24/7.
  • Confidential option. There is no need for your customers to know you’re using invoice finance.
  • Fast payment. Receive the cash on the same day your application is approved.
  • Bad debt protection option. Protect your business against client insolvency and unpaid invoices.
  • Early settlement discounts. Benefit from a reduced fee if your customers pay early.

How does it work?

  1. Upload your invoices to the Advantedge system.
  2. Receive up to 90% of the value of your invoices (depending on which option you choose) on the same day as they’re raised if they’re received before midday.
  3. Advantedge manages your customers and arranges invoice payment.
  4. Your customer pays into a trust account in your name.
  5. You’ll be paid the remaining balance, minus the agreed fee for Advantedge’s services.

The costs you pay to Advantedge will vary depending on factors such as the type and amount of funding you apply for, the cash flow of your business and its credit rating.

How do I apply for funding with Advantedge?

  • Simply fill out the enquiry form on the Advantedge website with basic details about you and your company.
  • An adviser will call you to talk through your options.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

Read more on this topic

  • Tax implications of business loans Find out if a business loan is considered income and what you can claim as a tax deduction when taking out a loan.
  • Business loan statistics Businesses all over the UK face financial instability daily, which often requires outside funding. We have looked into how the state of borrowing for these businesses differs between the industry, over the years, and for the size of the business.
  • PayPal Working Capital review Fund your business through a merchant cash advance from PayPal Working Capital. We talk you through how it works, how much it costs and how to apply for it.
  • Compare ArchOver business loans ArchOver connects established UK businesses in need of finance with investors seeking an attractive return on their money.
  • Catalyst Finance business loans and invoice financing Catalyst Finance helps SMEs across a range of industries utilise the assets they already have to help grow their business.
  • The Co-operative Bank business loans The Co-operative Bank offers variable-rate business loans to existing business current account holders.
  • Credit4 business loans Credit4 offers flexible finance to growing SMEs, including a fixed-term loan product that comes with a flexible credit facility bolted on.
  • Merchant Money business finance Merchant Money provides fixed-term small business loans and merchant cash advances.
  • Growth Street business credit facility Growth Street offers a revolving credit facility to SMEs of £25,000 to £2 million. Find out how other lenders compare.
  • Praetura Asset Finance Praetura Asset Finance can help spread the cost of newer, better equipment, or release the equity in existing equipment through asset finance.
Go to site