Hitachi Capital: Your Business Finance Partner

Unlocking Financial Possibilities with Hitachi Capital

In the dynamic landscape of British business, securing the right financial backing is paramount to achieving growth and stability. For over 35 years, Hitachi Capital has established itself as a cornerstone in the lending sector, empowering enterprises across the nation. With a legacy of providing over £5 billion in funding to a staggering 800 Small and Medium-sized Enterprises (SMEs) spanning 50 diverse industries, their commitment to driving success is evident. Hitachi Capital, a division of Hitachi Capital (UK) PLC, is renowned as one of the UK's fastest-growing providers of invoice finance, offering a suite of award-winning, flexible, and affordable financial solutions designed to help businesses flourish.

It's important to note that as of April 2022, Hitachi Capital (UK) PLC has undergone a rebranding and is now known as Novuna Business Finance. This transition reflects their continued evolution and commitment to serving the UK market. Novuna Business Finance, formerly Hitachi Capital, is a wholly-owned subsidiary of Hitachi Capital Corporation, a major non-bank financial institution in Japan. Their affiliation with Hitachi Ltd., a global leader in manufacturing and technology, and Mitsubishi UFJ Financial Group Inc., further solidifies their financial strength and credibility. As an entity authorised and regulated by the Financial Conduct Authority (FCA), you can be assured of their adherence to the highest industry standards.

A Comprehensive Suite of Financial Solutions

Hitachi Capital (now Novuna Business Finance) offers a broad spectrum of financial products tailored to meet the diverse needs of businesses, from startups to established corporations. Their expertise extends far beyond invoice finance, encompassing a wide array of services designed to fuel your ambitions:

• Asset Finance: Acquire essential business assets without the upfront capital outlay.
• Invoice Finance: Unlock cash tied up in your outstanding invoices quickly and efficiently.
• Franchise Finance: Secure funding to establish or expand your franchise operations.
• Personal Loans: For individual financial needs.
• Retail Finance: Enabling your customers to purchase goods and services on credit.
• Point of Sale Finance: Offering flexible payment options at the checkout.
• Car and Vehicle Finance: Facilitating the acquisition of commercial vehicles for your fleet.

Deep Dive into Invoice Finance Solutions

Hitachi Capital's invoice finance offerings are particularly noteworthy, providing businesses with a vital lifeline to manage cash flow and accelerate growth. They provide two primary types of invoice finance:

Confidential Invoice Discounting

This solution allows you to access up to 85% of your invoice value almost instantly, while maintaining your existing customer relationships. The key advantage of 'confidential' invoice discounting is that your customers remain unaware of the financing arrangement. You continue to manage your own sales ledger, credit control, and collections. This makes it an ideal option for businesses with an annual turnover of £250,000 or more, who possess robust in-house payment collection and credit control functions and wish to retain direct control over these processes.

Invoice Factoring

Invoice Factoring is a more comprehensive service where Hitachi Capital (Novuna Business Finance) takes over the credit control and collection of your invoices. The process is straightforward: you raise your invoice as usual and send a copy to Hitachi Capital. They will then advance you up to 90% of the invoice amount within 24 hours. The remaining 10% is released to you once your customer has made the full payment.

Payroll Finance for Recruitment Agencies

Recognising the unique challenges faced by recruitment agencies, Hitachi Capital offers a specialised Payroll Finance solution. This funding product is designed to alleviate administrative and financial burdens associated with timesheet management, payroll processing, and client invoicing. By seamlessly integrating your business payroll information with Sage Payroll, Hitachi Capital streamlines these processes, allowing you to concentrate on core business activities. You can access up to 90% of your invoice value within 24 hours, and a dedicated Client Manager will handle invoice payment collections and assist with your back-office administration.

Bad Debt Protection

To mitigate the financial risks associated with customer insolvency, Hitachi Capital offers Bad Debt Protection. This service allows you to protect and waive up to 90% of your eligible liability, significantly reducing the negative impact of a customer defaulting on payment. With this protection in place, you can continue to grow your business and utilise available funds with the assurance that your finances are safeguarded. Your cash flow stream remains secure as the credit risk is transferred to Hitachi Capital.

Key Benefits of Hitachi Business Invoice Finance

Partnering with Hitachi Capital for your invoice finance needs brings a multitude of advantages:

• Flexible Contract Options: Enjoy the security of 6-month trial periods, offering flexibility as your business needs evolve.
• Fast and Affordable Funding: Access funds rapidly without incurring excessive costs.
• Dedicated Client Manager: Benefit from personalised support from a dedicated professional who understands your business.
• Simple and Transparent Fees: Understand the costs involved with clear and straightforward fee structures.
• Award-Winning Service: Experience a service recognised for its quality and effectiveness.
• Extensive Industry Experience: Leverage their expertise across a wide range of sectors.

Hitachi Capital: A Trusted Partner for Business Growth

Hitachi Capital (now Novuna Business Finance) has consistently demonstrated its commitment to supporting British businesses. Their extensive experience, diverse product offering, and customer-centric approach make them a valuable partner for any enterprise seeking to unlock its financial potential. Whether you're looking to manage your cash flow more effectively, invest in new equipment, or expand your operations, Hitachi Capital has the solutions to help you achieve your goals.

Frequently Asked Questions (FAQ)

What is Invoice Finance and how does it work?

Invoice Finance is a flexible funding solution that allows businesses to release cash tied up in their outstanding invoices. The process typically involves raising an invoice for goods or services. A copy of this invoice is then provided to the finance provider, who will advance a significant percentage of its value (often up to 90%) within a short timeframe, usually 24 hours. The remaining balance is paid to the business once the customer settles the invoice in full, minus the finance provider's fees.

How can Invoice Finance help my business?

Invoice Finance can significantly improve your business's cash flow by providing immediate access to funds that would otherwise be locked in unpaid invoices. This can help you meet operational expenses, take on new orders, invest in growth opportunities, and avoid late payment penalties. It can also reduce the administrative burden associated with chasing payments.

What is the minimum turnover requirement for Hitachi Capital's Invoice Finance?

For their invoice finance solutions, Hitachi Capital (Novuna Business Finance) typically requires a minimum annual turnover of £50,000. However, they are known to assess each business individually, so even if you don't meet this exact figure, it's worth getting in touch to discuss your specific circumstances.

Do Hitachi Capital consider new start businesses?

Yes, Hitachi Capital (Novuna Business Finance) is open to considering new start businesses. For new ventures, they may prefer homeowners, but they encourage all businesses to get in touch as they review each application on its individual merits.

Does Hitachi Capital finance export businesses?

Absolutely. Hitachi Capital (Novuna Business Finance) has a strong track record of working with export businesses and provides funding solutions to companies involved in international trade.

Ready to Explore Your Financial Options?

If you're ready to experience the exceptional financial solutions offered by Hitachi Capital (now Novuna Business Finance), don't hesitate to reach out. You can contact them directly by calling 01246 233108 or by completing their convenient online enquiry form. Their dedicated team is available to discuss your specific business needs and guide you towards the most suitable financing options, whether you're seeking asset finance, invoice finance, or franchise finance. Take the crucial first step towards securing your financial future and contact them today!

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