Barclays Invoice Finance

  • Barclays offer invoice finance solutions for UK businesses. Find out whether your business is eligible and how to apply.
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How invoice financing works

1
The order
Create an invoice for your customer, showing how much is owed to your business and when payment is due.
2
Cash advance
Send a copy of the invoice to a lender to release up to 100% of its value as a cash sum.
3
Repayment
When it is due, the lender receives the payment from the customer. The lender then sends your business any remaining amount on the invoice that wasn't originally financed, after deducting the prearranged fees.

This comparison service is provided by Touch Financial. Touch Financial is a finance broker, not a lender. Not all products offered by Touch Financial are regulated by the Financial Conduct Authority. They compare invoice financing services from a range of different lenders, aiming to find the one that best suits the needs of their business customers. Touch Financial consultants look at the profile of each business, including cash flow, accountancy needs, and any other specific requirements, to match them with the most appropriate invoice finance provider and product. Touch Financial is authorised and regulated by the Financial Conduct Authority (FRN:727220).

Last updated on 24 June 2022.

Barclays Invoice Finance allows you to release finance that’s tied up in unpaid customer invoices.

It offers ongoing and flexible funding options, so you can find a solution that matches the way you run your business.

Find out more about Barclays Invoice Finance solutions, including which services it offers, how to apply, and whether your business is eligible.

What is Barclays Invoice Finance?

Barclays Invoice Finance is a funding solution that allows businesses to unlock up to 90% of the value of an unpaid customer invoice, with both flexible and ongoing options available.

Barclays flexible Invoice Finance is provided in partnership with MarketFinance, an online platform that helps small businesses access the right finance for their needs.

Ongoing funding is provided by Barclays Corporate.

What services does Barclays Invoice Finance offer?

Flexible funding

Provided by MarketFinance, Barclays flexible funding is a form of selective invoice discounting, which allows you to choose which invoices you fund, rather than funding your whole sales ledger.

It may be a good option if your business is affected by seasonal shifts in demand or if you experience occasional issues with cash flow.

Ongoing funding

Provided by Barclays Corporate, ongoing funding is a confidential invoice discounting solution that allows you to fund your whole sales ledger without alerting your customers that you’re using the service.

If you regularly need to free up your cash flow, ongoing funding may be an option for your business to consider.

» COMPARE: Invoice factoring options

How does Barclays work with MarketFinance?

Barclays Bank is an investor in MarketFinance, its invoice finance partner, and receives a referral fee from the online platform for every customer that uses the invoice finance service.

As an external investor, Barclays is also able to fund individual trades, meaning it could act as one of the investors for your invoice finance, which it would also receive income from.

As part of this relationship, MarketFinance will share details with Barclays about your account and application status.

Since it was founded in 2011, MarketFinance has funded more than £2.7 million invoices and business loans.

Which industries does Barclays Invoice Finance cover?

Barclays states that a successful application for invoice finance will be dependent on your industry and/or sector.

However, it doesn’t specify whether any particular industries are preferred or if any are excluded.

The best way to find out if your industry is eligible is to start the application process.

Am I eligible for Barclays Invoice Finance?

The eligibility criteria for flexible funding are different from those for ongoing funding.

For flexible funding, you must:

  • be a UK-registered business-to-business (B2B) limited company or limited liability partnership
  • Have a minimum annual turnover of £250,000

For ongoing funding, you must:

  • be a UK-based business
  • have projected minimum sales of £500,000 a year on credit, with a spread of debtors
  • sell on normal credit terms with no stage payments

How can I get funding from Barclays Invoice Finance?

You can apply for Barclays flexible funding online. Once you’ve clicked ‘apply’, you’ll need to read and agree to some further information about becoming a MarketFinance customer.

You’ll then be taken to the MarketInvoice website to complete your application. In order to do so, you’ll need:

  • your company name and UK registration number
  • the date of birth and residential address of the applying director
  • your statutory accounts
  • bank statements covering at least 24 January 2022 to 24 April 2022

Once you have that information to hand you can start your application, which will require you to provide personal contact details, information about your funding needs, details of the company directors, and any supporting documents.

For ongoing funding, if you’re an existing customer, you can call 0333 202 7431 to apply. If you’re new to Barclays Business, you need to call 0800 515 462.

» COMPARE: Asset financing deals

What do their customers say?

On Trustpilot, Barclays has been rated 1.5 out of 5 based on 6,743 reviews, and MarketFinance has been rated 4.8 out of 5 based on 477 reviews.

On the App Store, the Barclays app has been rated 4.8 out of 5 based on 1.5 million reviews. On Google Play, it has been rated 4.4 out of 5 based on nearly 443,000 reviews.

This information is correct as of May 24, 2022.

What do our nerds say?

If your business is making upwards of £250,000 a year, you could use Barclays Invoice Finance to unlock up to 90% of the value of an unpaid invoice.

Whether you want the flexibility to fund individual invoices or to confidentially fund your entire sales ledger, with Barclays Corporate and Barclays’ partnership with MarketInvoice you can access both flexible and ongoing funding options depending on your needs.

If Barclays Invoice Finance sounds like it could be the right funding solution for your business, make sure to thoroughly review its offering and compare it to other business finance providers before making a commitment.

Barclays Invoice Finance FAQs

What is Barclays invoicing?

Barclays Invoicing allows you to create, send, and track digital invoices from your smartphone. It is a service provided by the Barclays App and unrelated to its invoice finance offering.

Is invoice financing a good idea?

Invoice financing might be a useful service if you need to free up working capital and you have outstanding customer invoices that can be used to raise funding against.

What is meant by invoice financing?

Invoice finance allows businesses to raise funding against the value of an unpaid invoice. You can choose to commit to funding your entire sales ledger or have the flexibility to fund individual invoices with selective invoice discounting.

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