Can I combine invoice finance with asset finance or a cashflow loan?

Yes, UK SMBs routinely combine invoice finance with asset finance or a separate cashflow term loan. The three products serve different needs (working capital, equipment purchase, lump-sum funding) and most lenders will run alongside another lender without restriction, provided the security and the use of funds do not overlap.

The cleanest combination is invoice finance plus asset finance. Invoice finance is secured against the debtor book; asset finance is secured against the asset itself. The two charges sit on different things and lenders rarely object. Specialist providers like Aldermore, Time Finance and Ultimate Finance offer both products under one roof, which simplifies the relationship and reduces overlap risk.

Combining invoice finance with an unsecured cashflow loan is also normal. A working capital top-up from iwoca or Fleximize sits alongside an invoice facility from Aldermore without conflict, as long as the invoice lender's debenture does not exclude additional unsecured borrowing (read the All Assets Debenture wording carefully).

What to watch for. First, a debenture from one lender may include a "negative pledge" clause that limits other secured borrowing. Second, total servicing cost across all three products can quickly exceed an effective 30% APR if you are not modelling repayments together. Third, a personal guarantee given to the invoice lender often counts toward your aggregate exposure on a future application.

See our blended cost of capital calculator for stacking maths, and can I combine equipment finance with a fit-out facility for the equipment-side version.