Skipton Business Finance Review
Skipton Business Finance offers invoice factoring and discounting from 0.5% service charge with advance rates up to 90%, for UK businesses with annual turnover from £100,000. Backed by Skipton Building Society (the UK's fourth-largest, established 1853), they combine competitive pricing with mutual society values.
Key Facts
Service charge from0.5%
Advance rateUp to 90%
Setup speed7 days
Min turnover£100,000
Our rating4.4/5
TypeBuilding society
Pros and Cons
Strengths
- Joint-lowest starting rate (0.5%)
- Backed by established building society
- Good relationship management
- Transparent fee structure
- No hidden charges
Limitations
- Higher minimum turnover (£100k) than some competitors
- Slower setup than Ultimate Finance
- Less specialist sector expertise
- Smaller team than Bibby or Close Brothers
Our Verdict
Skipton Business Finance is a strong value choice for businesses with turnover above £100,000. Their 0.5% starting rate matches Close Brothers as the lowest in market, and the building society backing provides reassurance. They lack the specialist sector teams of larger providers, but for straightforward invoice finance needs they offer excellent value.