If your invoice finance facility has recently been withdrawn, you’re not alone. A number of UK high-street banks have begun stepping back from invoice finance and factoring for SMEs, leaving many businesses facing unexpected changes to their funding.
While this can feel unsettling, it’s important to be clear: invoice finance is not disappearing. What is changing is where it’s being offered and by who.
Why Are Banks Stepping Away?
For many traditional banks, invoice finance is no longer a priority product for them. Internal strategy changes, risk appetites and increased regulatory pressure means some banks are choosing to reduce their offering and set their focus elsewhere. Crucially, this doesn’t reflect the health of your business. Many well-run and profitable SME’s are finding their facilities withdrawn simply because it is a product their lender is no longer offering.
Invoice Finance is Still Available
A lot of businesses don’t realise that there are lenders beyond the traditional bank, but we have an extensive panel of specialist lenders who still obtain invoice finance as a product. Specialist lenders continue to support SME’s with flexible, well-structured solutions designed specifically around your cash flow and individual business requirements.
This is where using a broker can make a real difference.
How Moorgate Finance Can Help
At Moorgate Finance, we work with a wide panel of specialist invoice finance lenders who actively support UK SME’s. Using a broker gives your business access to our wide panel of specialist invoice finance providers, each with different strengths, appetites, and approaches to risk. Allowing you to achieve the solution best suited to your specific needs.
We can help if:
- Your invoice finance agreement has been withdrawn
- Your current provider no longer meets your needs
- You want to look into a more flexible or cost-effective facility
- You’re planning for growth and need funding that scales with your business
From initial review through to completion, we manage the process and deal directly with lenders, keeping disruption to your business to a minimum.
Speak to Moorgate Finance
Losing a facility can feel like a setback, but it can also be an opportunity. Many businesses end up in better, more flexible arrangements once they move away from traditional bank-led funding.
If your invoice finance agreement has been withdrawn, or you’re concerned about changes ahead, don’t panic. There are still strong options available. Moorgate Finance is here to help you secure an invoice finance solution that works for your business, supported by lenders who understand cash flow and growth.
Get in touch today to discuss your options and keep your business moving.
Give us a call on 01908 92 62 62 or Apply Now to start the conversation.