image of someone looking at a laptop

What is Selective Invoice Financing?

Selective Invoice Finance, also known as spot factoring, selective borrowing or Single Invoice Finance, allows you to release funds early from one or multiple unpaid invoices. It’s a convenient way to boost your cash flow, without being tied into a contract.

Invoice Finance Manager

Invoice Finance Manager is our Selective Invoice Finance platform suitable for businesses looking to enhance their cash flow. Connect your accounting software to our online platform, access a range of useful tools, and inject money into your business as and when you need it. 

Invoice Finance Manager video

There’s no contract, so you can stop anytime

Unlock funding and control your cash flow without the need to commit to a long-term agreement. Connect your accounting software, and get started in minutes.

Get started

What are the advantages of Selective Invoice Finance for your business?

I need an easier way to manage cash flow

Invoice Finance Manager is an all-in-one digital platform designed to help you manage your cash flow and free up funds tied up in invoices when your business needs it.

  • Access cash early from unpaid invoices
  • Save time chasing invoices and get paid faster
  • Protect your business from the risk of late payment

I want access to fast, flexible funding

Unlock cash tied up in your unpaid invoices by choosing one or more invoices to finance using our intuitive online platform.

  • Instantly see which invoices are available for funding once connected
  • Receive an up-front advance of up to 85% of the value of a selected invoice, often within 24 hours
  • Benefit from low rates and simple pay-as-you-go pricing

I want to enhance my credit control

Do you find chasing late invoices a burden on your business? Save time by automating your invoice reminders and monthly statements.

  • Integrate your email account to automate your credit control processes
  • Customise emails to fit your brand
  • Send automated reminders and statements to your customers 

I want to protect my business from bad debt

Do you worry about the impact of late payments? Use the customer insights and risk monitoring tools in Invoice Finance Manager to shield your business from potential bad debt.

  • Check credit scores and payment history for new and existing customers
  • View in-depth credit reports and suggested credit limits
  • Review your current payment terms with customers 

No accounting software to connect to our platform?

If you’re an existing customer, register for a free 3 month trial of our accounting software: Business Finance Assistant. There’s no obligation, but if you like it, it’s only £5 per month thereafter*.

More about accounting software

Does your business qualify for Selective Invoice Finance?

To be eligible for our Invoice Finance Manager platform, you should:

  • be a limited company
  • invoice other UK businesses
  • have a compatible accountancy software package 

To be eligible to fund invoices, you must meet all eligibility criteria and you should have:

  • been trading for 6 months or longer
  • a minimum turnover of £100,000 per annum

Selective Invoice Finance FAQs

    • Provide some details about your business so we can complete a quick online eligibility check
    • If you’re eligible, we’ll ask you to connect your accounting software package to quickly and accurately show you which invoices we can fund and how much it will cost you. You’ll also be able to use our Credit Control and Risk Insights features
    • For Flexible Funding, once you are comfortable with costings, we'll verify your business by connecting to your bank account. In some cases, we may need more details such as accounts or customer contracts- your account manager will tell you if this is needed
    • If you are using Credit Control and Risk Insight features only, you will not need to connect your bank account or provide any additional information.
    • Your information is stored in line with our strict Privacy Policy. It’s also encrypted to keep it safe and secure.
  • No- we only base our risk assessment on the strength of your business and customers.

    Although we review your personal credit files as part of our checks, it won’t affect your credit score or ability to get personal finance.

  • Yes, you can still use our Credit Control and Risk Insight features even if you aren’t eligible to fund invoices.

    Providing you are a limited company, invoice other UK businesses, and have a compatible accounting software package – you can start using Invoice Finance Manager.

  • If you are using our Flexible Funding feature, we’ll contact your debtors as part of our verification process- at that stage we make it clear you’re working with us.

    We understand that the relationship between you and your clients is one of the most important aspects of running your business. During the onboarding process, our dedicated team will make sure that you are aware before we contact any of your customers.

  • You need to connect your accountancy software to access our platform and its features. By connecting, you can:

    • quickly and accurately view which of your invoices we can fund – without having to send us any manual reports
    • see how much it will cost to fund an invoice
    • utilise our Risk Insights and Credit Control tools
    • reduce the admin burden of manually uploading any invoices and providing monthly management accounts when operating your facility.

    We see a ‘read-only’ view, so we can’t edit the data in your accounting software.

    Unfortunately, you won’t be able to use Invoice Finance Manager without a compatible ASP. View a list of compatible accountancy software packages (PDF, 80KB).

    If you’re an existing Lloyds Bank or Bank of Scotland customer, register for a free 3-month trial of our accounting software – Business Finance Assistant*.

To discuss Selective Invoice Finance with a specialist

Call 0800 048 7006

Lines are open 9am to 5pm, Monday to Friday, except public holidays

Selective Invoice Finance success story: WJC Security

Find out how Invoice Finance Manager offered the support and flexibility WJC Security needed to help them grow. 

Read WJC Security case study

Other Invoice Finance Solutions

Invoice Factoring

Optimise your cashflow further by funding your whole sales ledger, and free up time by outsourcing your sales ledger management and reconciliation to us.

More about Invoice Factoring

Invoice Discounting

Fund your whole sales ledger but manage your own payment collections; while keeping your facility confidential.

More about Invoice Discounting

Other borrowing options

Whether you’re an established business or just starting out, finding the right finance product to meet your needs can be difficult.

We want to make it simple for you to compare and choose our products, whatever your business circumstances.

View all borrowing

Business Finance Assistant

*You must have a Lloyds Bank or Bank of Scotland Business Current Account to use Business Finance Assistant. You will need to be registered for Online for Business (Business Internet Banking if you are a Bank of Scotland customer), or Commercial Banking Online to continue using this product beyond the trial period. Public limited companies are not currently eligible. 

Important Legal Information

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

Factoring and Invoice Discounting facilities may be provided by one or more of Lloyds Bank Commercial Finance Limited, Lloyds Bank plc and Bank of Scotland plc. Lloyds Bank Commercial Finance Limited. Registered in England & Wales no. 733011. Registered office: No.1, Brookhill Way, Banbury OX16 3EL. Lloyds Bank plc. Registered in England and Wales no. 2065. Registered Office: 25 Gresham Street, London EC2V 7HN. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Bank of Scotland plc. Registered in Scotland No.SC327000.  Registered Office: The Mound, Edinburgh EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration no. 169628.