Stay
- When it fits
- Current funding and service meet the requirement.
- Decision
- Keep the arrangement and monitor it.
SWITCH INVOICE FINANCE PROVIDERA provider switch.
A provider switch.
A commercial reason.
Changing invoice-finance provider should improve something that matters: usable cash, the total cost, service or the way the facility works with your customers.
Review my existing facility →
SUBSTANTIAL FUNDING / ESTABLISHED COMPANIES
THE COMMERCIAL STARTING POINT
NBS can discuss a proposed provider change as a commercial funding requirement. For £500k+ facilities, the starting point is the reason to move and whether a replacement could justify the exit cost, new terms and operational handover.
Invoice finance £500k+ · Asset finance £250k+ · Business loans £200k+. Focus amounts, not fixed eligibility thresholds.
REVIEW YOUR EXISTING FACILITYMore headroom?
More headroom?
Better terms?
A provider that fits?
Start with the current provider, facility limit and the change you need. We focus on substantial facilities for established companies, typically £500k and above.
Keep the current arrangement in place while replacement terms, notice and settlement are checked.
YOUR NEXT STEP
Discuss your invoice-finance switch
Introduce your business and the existing facility through the NBS Finance enquiry form.
Start my switching enquiry →No documents needed to start. No commitment to switch.
01 / THE COMMERCIAL DETAIL
Define what a replacement must do better
Write down the present problem in measurable terms. That might be funding withheld against a major customer, a minimum fee that no longer fits, slow issue resolution or a credit-control service that affects customer relationships. A lower headline rate is only one possible objective.
Compare the incumbent, a renegotiated arrangement and any genuinely available replacement using one debtor-book snapshot. A cheaper offer with tighter eligibility can produce less cash when payroll or suppliers fall due.
02 / THE COMMERCIAL DETAIL
Plan the transfer before serving notice
- 01
Read the exit
Notice, term and termination formula.
- 02
Confirm conditions
Approval, verification and legal requirements.
- 03
Plan settlement
Security releases and funding timing.
- 04
Move operations
Receipts, debtor notices and reconciliation.
Check the minimum term, renewal provisions, notice window and termination formula. Establish what the outgoing provider needs for settlement and release of security. Replacement terms may remain conditional on a survey, verification, legal documents or the agreement of another lender.
The changeover also needs a practical plan: who handles debtor notices, which bank details customers use, how unallocated receipts are reconciled and whether there could be a temporary funding gap. Do not terminate the existing facility before replacement conditions are understood.
03 / THE COMMERCIAL DETAIL
Give management a comparable decision
Renegotiate
- When it fits
- A specific term or restriction can be addressed.
- Decision
- Explore an incumbent amendment first.
Switch
- When it fits
- The benefit survives cost and handover checks.
- Decision
- Plan approval, settlement and the transfer.
Separate recurring savings from one-off transfer costs and include the internal work involved. Record any changes in collections, reporting, customer caps, guarantee exposure and recourse. Those can be more important than a small price reduction.
The outcome may be a negotiated improvement with the incumbent. A switch is worth pursuing when the commercial gain survives a proper comparison and the handover can be executed without assuming unconfirmed funding.
HYPOTHETICAL EXAMPLE / NOT A CLIENT CASE
Recovering the cost of moving
Annual saving£18,000
Assumed, on a consistent usage basis
Moving costs£14,000
Assumed exit, setup and legal costs
Simple payback9.3 months
£14,000 ÷ £1,500 monthly saving
Hypothetical illustration only. Not a client case, quote, lender policy or funding commitment.
Assume a replacement would save a hypothetical business £18,000 a year on the same usage and services. Exit, setup and legal costs total £14,000. Simple payback is £14,000 ÷ £1,500 monthly saving: about 9.3 months. This excludes internal management time and any change in cash availability. If the business expects another major change in six months, the saving alone is a weak reason to move.
Illustrative assumptions only. Not a quote, provider policy or funding commitment.COSTS, SECURITY & PRACTICAL CONSTRAINTSKnow the cash.
Know the cash.
Know the commitment.
Compare outgoing termination fees with incoming setup, legal, survey, minimum service and discount charges. Confirm release of a debenture and any guarantees. An indicative replacement quote is not evidence that existing security can be released on a chosen date.
Understand facility fees and costs ↗For the next stage of assessment
- Current terms, renewal date and written settlement calculation
- Same-date ledger and availability statement
- Itemised proposed terms, including all conditions
- Collections, banking and security-release requirements
The brief enquiry does not require these documents. Agree the purpose, permissions and appropriate sharing route first.
BEFORE YOU PROCEEDThe questions
The questions
worth settling.
Will our existing provider have to be contacted?
Agree the communication and information-sharing approach before any contact is made. A transfer eventually requires incumbent involvement, settlement and the necessary releases.
Can we keep the same funding through the changeover?
Do not assume it. Availability, receipts and settlement timings need to be mapped with the providers.
How does this differ from your switching guide?
This page scopes an NBS funding conversation about a proposed transfer. The separate checklist is an educational preparation guide you can use independently.
PRODUCT CONTEXT / FURTHER READINGWise Factoring: switching providers ↗British Business Bank: invoice finance ↗
These external sources explain product features. They do not establish an NBS agreement, current lender appetite or terms available to your business. Content reviewed 24 October 2026.
A CLEAR BRIEF IS THE STARTA substantial requirement.
A substantial requirement.
A useful conversation.
Review my existing facility →
Start with a brief enquiry.
No financial documents needed to begin.