Independent Invoice Finance Guidance
Can I Get Invoice Finance With a CCJ or Bad Credit?
A CCJ, poor credit history or previous financial difficulty does not automatically prevent a UK business from obtaining invoice finance.
Short answer: funding may still be available because invoice finance is supported by valid invoices raised to creditworthy business customers. Funders will also assess the business, its directors, financial position and the circumstances behind any adverse credit. Every application is considered individually.
What Will an Invoice Finance Provider Consider?
One credit entry rarely tells the whole story. The provider will consider the CCJ alongside the quality of the business and its invoices.
The CCJ
- Whether it belongs to the company or a director
- Its value, date and cause
- Whether it is paid, satisfied or outstanding
- Whether it is isolated or part of a wider pattern
The Business
- Current trading performance and future orders
- HMRC arrears or Time to Pay arrangements
- Previous company failures or insolvencies
- The experience and conduct of the directors
The Invoices
- Valid B2B invoices for completed work or delivered goods
- Creditworthy customers
- Clear payment terms
- No material disputes or contractual barriers
When Could Funding Be More Difficult?
A recent, substantial or unexplained CCJ may restrict the available options. Providers may also be concerned by:
- Active winding-up proceedings
- Several unresolved judgments
- Serious tax arrears without an agreed plan
- Disputed or overdue invoices
- Customers with weak credit
- Consumer sales rather than B2B invoices
How Go-Factor Helps
A direct lender applies one credit policy. Go-Factor independently compares suitable providers across the UK invoice finance market.
Understand
We establish what happened, what the business needs and whether invoice finance is appropriate.
Compare
We identify providers whose sector experience and credit appetite fit the circumstances.
Secure
We help present the application clearly and explain the proposed facility, costs and conditions.
Invoice Finance With Bad Credit: Common Questions
Does invoice finance require a credit check?
Yes. Providers normally check the company, its directors and its customers. A credit check does not mean that a CCJ will automatically cause a decline.
Can a new business get invoice finance with a CCJ?
Possibly. The provider will consider the directors’ experience, the circumstances behind the CCJ and the quality of the new business’s customers and invoices.
Can I obtain invoice finance after a bank decline?
Potentially. Providers have different credit policies, sector experience and risk appetites. A bank decline is not necessarily a decline from the entire invoice finance market.
Can invoice finance help with HMRC arrears?
Invoice finance may improve ongoing cash flow, but it does not remove the underlying tax debt. Providers will examine the amount owed and whether an agreed repayment arrangement is being maintained.
Tell Go-Factor What Happened
A CCJ does not define the whole business. Tell Go-Factor about the judgment, your customers, invoices and funding requirement. Helen will explain the realistic options and compare suitable providers.
Request Your Invoice Finance ReviewAll funding is subject to application, eligibility, provider approval and agreed terms. Funding is not guaranteed.
Written and reviewed by Helen Boylett-Smith, founder of Go-Factor Business Finance, with more than 30 years of commercial finance experience.
