Hitachi Capital (UK) PLC | Trade & Invoice Finance
Hitachi is an industry leader in providing invoice finance solutions, retail finance (a b2b offering for customers), and vehicle finance to organisations.
Hitachi Capital also provide cashflow solutions, asset finance, and block discounting (a form of Sale and Leaseback) as a working capital solution. It is one of the fastest growing invoice finance providers within the market today, having lent over £72 million worth of business finance to over 650 UK companies in 2014 alone.
Why use invoice finance rather than a bank overdraft? Hitachi Capital
Unlike a business overdraft where you have to negotiate if you need extra money Invoice Finance automatically increases with your sales turnover, making it a much easier and faster for your company to grow. As well as this, Invoice Finance is usually cheaper than a bank overdraft and offers more security as banks can often withdraw their finance facilities at short notice.
Hitachi Capital – Benefits
- Regulated by the Financial Conduct Authority. Registered in Cardiff no. 1630491.
- 27 years experience in business finance
- Continued winners of NACFB Awards
Although Hitachi Capital is best known for its fleet management and retail finance support, the business finance division is split into four key streams:
- Invoice Discounting
- Cashflow Finance
- Asset Finance
- Block Discounting
Hitachi offer import and export facilities ranging from £100k – several million.
The company handles recourse finance, CHOC (customer handles own collections) and confidential invoice finance.
Providing the client has a minimum turnover of £50k, they will lend up to 85% in advance on the invoice, at finance rates between 2% and 4% above base rate (LIBOR). Service charges can be between 0.25% and 3% of gross annual turnover.
Popular Types of Trade Finance
British Business Bank and it’s own funds