IGF business finance

Independent Growth Finance (IGF) specialises in freeing up working capital to enable SMEs with a turnover of £1 million to £100 million to grow their business.

Updated . What changed?

Fact checked

IGF coronavirus business loans

IGF is now an accredited lender under the government’s Coronavirus Business Interruption Loan Scheme (CBILS). This means IGF is able to provide loans and finance to businesses that have been substantially affected by the ongoing pandemic.

IGF is a direct lender (not a broker) founded in 1997 with the aim of helping SMEs to fulfil their ambitions by unlocking cash flow. With offices in Redhill, Manchester and Birmingham, it offers a wide range of business funding from asset-based funding and invoice finance through to commercial loans.

If you need to release cash to get your business to the next level or just to make ends meet in the short term, IGF could help with fast and hassle-free business funding.

How can we help?

Textile studio in a small business

Compare loan rates

Get live, personalised quotes on unsecured or secured loans from a large panel of lenders through our partner Funding Xchange.
Get quotes
Team of staff having strategy meeting in a studio office

Invoice financing

Unlock the value in your invoices today to access the funding your business needs to move forward.

Learn more

Technician using specialist equipment

Asset financing

Borrow against equipment or property to accelerate your company’s growth.

Learn more

IGF offers a wide range of funding options to SMEs, including invoice and asset finance.

Invoice finance

Invoice finance offers your business an immediate supply of cash that is directly linked to your sales. IGF converts the value of your unpaid invoices into ready working capital.

This enables your business to get instant access to the cash you’ve earned when normally you’d have to wait 30, 60 or even 90 days for debtors to settle invoices and for the money to appear in your bank account.

Options for invoice finance

  • Factoring. IGF will chase up your invoices for you. This can free you up to concentrate on gaining new business.
  • Invoice discounting. You continue to deal with your customers, so you retain control over your relationships.

Benefits of invoice finance with IGF

  • Access to instant cash. Unlock up to 90% of the cash tied up in your invoices to fund growth.
  • Confidential option. There is no need for your customers to know that you are using invoice finance.
  • Early payment discounts. If your customers pay early, you can receive a discount on your fee with IGF.
  • Fast payment. Receive the cash within 24 hours of your application being approved.

Is my business eligible for invoice finance with IGF?

Before you take funding from IGF, you must ensure you can afford the attached fee. You must also meet the following criteria:

  • Have experienced management teams and established systems.
  • Provide a service or product on credit and raise invoices.
  • Have a turnover of between £1 million and £100 million.

Further eligibility requirements vary depending on the funding option you choose.

Asset-based funding

You can generate a higher level of funding for your business by unlocking the value of your combined assets. This includes your debtors, inventory, plant and machinery, and property. Businesses usually choose this option for strategic reasons such as expansion plans, funding an acquisition or a management buy-out.

Asset-based funding options

  • Invoice discounting. This is a revolving funding line that enables you to release working capital through a substantial initial cash injection. IGF can supplement invoice discounting with funding against additional assets. You can receive up to 90% of the value of your sales ledger.
  • Inventory. With IGF, you can also use your inventory (stock) as security for part of your asset-based lending. IGF will advance up to 85% of the value of your inventory on a revolving basis. The funding that is available goes up and down in line with your stock levels. This can be useful to a business that has seasonal trading fluctuations or that carries high values of stock to cover customer needs.

Benefits of asset-based funding with IGF

  • Maximises your level of funding. Borrow up to the maximum amount tied up in your business assets.
  • Ideal for growth, acquisitions and management buyouts. Free up cash for strategic reasons.

Is my business eligible for asset finance with IGF?

To be accepted for asset finance with IGF, you must be able to show you can afford the attached fee. You must also meet the following criteria:

  • Have an annual turnover of between £1 million and £100 million.
  • Have financially valuable assets attached to your business.

Additional eligibility requirements will also apply, depending on the funding option you choose.

The costs you pay to IGF 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 IGF?

  • With IGF, there is no online application process. You need to call or email the team and explain what your business requirements are.
  • An IGF advisor will meet you at your business premises.
  • You’ll be given a decision on funding within a few days.
  • Once you’ve been approved, you could have the money in your bank account on the same working day.

Frequently asked questions

Get tailored loan quotes

Save time by checking eligibility with multiple lenders and get quotes for BBLS/CBILS and other loans.

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.

More guides on Finder

  • Guaranteed business bank accounts

    If your credit score is less than ideal, you might be worried about being refused for a business account application. But there are business accounts with no credit checks, sometimes referred to as “guaranteed”, that can offer a solution.

  • Business bank accounts for discharged bankrupts

    It can be hard to get accepted for a business account after bankruptcy, even once you have been discharged. But some banks do offer business bank accounts without credit checks and will allow you to open an account.

  • Benefits of a business account

    While it may look like additional admin work, opening a separate business account is actually likely to make your work life easier and more organised. Here are the pros and cons.

  • How to set up a business bank account

    Need a bank account for your business but unsure of where to start? This guide covers all the basics, from why it’s a good idea to open one to the documents you will need.

  • Compare business bank accounts for startups

    Started up your own business and want to know more about opening a bank account? We take a look at what’s involved.

  • Do I need a business account?

    Whether you are self-employed, a sole trader or a limited company, discover if you need to open a business bank account in the UK.

  • Best international money transfer services

    Learn how to compare international money transfer services so you can get the best exchange rates and lowest fees.

  • Review: Small World money transfers

    Small World offers competitive rates, instant transfers and multiple payment options to send money to more than 190 countries.

  • Premium Bond alternatives

    In this guide, we explore some alternatives to premium bonds and whether these may be a better savings option for you.

  • Switching business bank accounts

    The process is quick and simple. In fact, all of the work is done by the bank you’re switching to.

Go to site