Alternatives to Time Finance

4 UK specialty finance alternatives to Time Finance, compared on product type, ticket band, rate, decision time and eligibility.

Time Finance vs the 4 alternatives

Time Finance compared with 4 alternatives, last reviewed 2026-05-10
	Time Finance	Aldermore	Allica Bank	OakNorth	iwoca
Product	Asset finance, invoice finance, vehicle finance	Asset finance, invoice finance, commercial mortgages	SME term loan + commercial mortgage	SME term loan + bridging	Flexi-loan / line of credit
Ticket	£10k to £2m	£25k to £5m	£150k to £5m	£500k to £50m+	£1k to £500k
Rate	Bespoke	From 7.5% APR equivalent	From 7.99% APR	Bespoke	From 2% per month
Decision	2 to 5 business days	5 to 10 business days	5 to 10 business days	7 to 14 business days	Same day to 24 hours
Soft search	Yes	No	No	No	Yes
Rating	4.0	4.1	4.4	4.2	4.4

Aldermore

5 to 10 business days · From 7.5% APR equivalent

Panel challenger bank we route to for asset finance, invoice finance and commercial mortgage tickets between £25k and £5m where the applicant has the time for proper underwriting and wants a real bank on the other side.

Best for: Established Ltds wanting asset finance or invoice finance with a real bank, Commercial property tickets £150k+ where the applicant has 2 weeks for underwriting.

Allica Bank

5 to 10 business days · From 7.99% APR

Panel challenger bank we route to for £150k to £5m term-loan and commercial mortgage applicants. We send established Ltd companies here when the deal is in the band the high street has abandoned and the applicant wants r

Best for: Established Ltd companies with £250k to £5m tickets, Asset-backed and commercial-mortgage applicants wanting real bank underwriting.

OakNorth

7 to 14 business days · Bespoke

Panel top-end lender we route to for £500k+ tickets where the file has the financials to support a bespoke deal. We send established Ltd companies here when the applicant has a clear acquisition, growth or commercial-pro

Best for: £500k+ tickets backed by clear acquisition, growth or property story, Established Ltds with strong financials and time for a proper underwrite.

iwoca

Same day to 24 hours · From 2% per month

Panel anchor for flexi working capital. We route applicants here when the cash need is draw-as-you-go rather than a single lump sum, when trading time sits between 12 and 24 months, or when the file is too thin for Fundi

Best for: Working capital and cash-flow-gap files needing flexible draw-down, Newer Ltd companies trading 12 to 24 months.

Frequently asked questions

What are the main alternatives to Time Finance?

The closest UK specialty finance alternatives are Aldermore, Allica Bank, OakNorth and iwoca. Each is compared above on product type, ticket band, typical rate, decision time and eligibility so you can match a lender to your deal size and trading profile.

How does Time Finance compare on ticket size and rate?

Time Finance offers asset finance, invoice finance, vehicle finance from £10k to £2m at a typical Bespoke. The alternatives in the table span different ticket bands and rate ranges, so the right fit depends on how much you need and your trading profile.

How quickly does Time Finance make a decision?

Time Finance typically reaches a decision in 2 to 5 business days. Decision times for the alternatives are listed in the comparison table; faster is not always cheaper, so weigh speed against rate and ticket fit.

Does Time Finance do a soft-search quote?

Time Finance runs a soft-search quote, so checking eligibility leaves no mark on your credit file. Among the alternatives, iwoca offer a soft-search quote.

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Last reviewed: 2026-05-10. Editorial by Oliver Mackman.