Hitachi - Invoice Finance

Hitachi - Invoice Finance

What is your product?

Invoice Finance is a straightforward process, and it begins with you raising your invoice for goods or services as usual. Once you’ve raised the invoice, a copy is sent straight to us at Hitachi Capital Invoice Finance. We will give you up to 90% of the invoice amount within 24 hours and the remaining 10% of the invoice once we've received full payment from your customer.

We offer an Invoice Factoring solution whereby we collect the payments on your behalf managed by our team of expert credit controllers so you can focus on running your business. Our Confidential Invoice Discounting solution is offered to businesses who want to maintain their own credit control processes, therefore this remains strictly confidential so your customers are unaware of our involvement.

How does it work? 

Invoice Factoring 

  • Release cash tied up in unpaid invoices quickly and easily
  • Great for relieving the burden of credit control. Hitachi Capital Invoice Finance will chase payments and manage the credit control on your behalf
  • This will allow you to concentrate on other areas of your business instead of spending time chasing late payments


Invoice Discounting

  • Release cash tied up in unpaid invoices quickly and easily
  • This is a confidential facility so you continue to manage your own credit control and chase late payments
  • This facility is available to SMEs with a turnover of £500,000 and above


What are the approximate costs?

  • Approximate costs for Invoice Factoring– service fee (1-3%), discount fee (2.5-3.5% over base rate) OR combined fee (2-4%)
  •  Approximate costs for Invoice Discounting– service fee (0.1-1%), discount fee (2-3% over base rate)


How would a business use your product?

  • Funding level grows in line with sales – not capped like an overdraft.
  • Security for the funding primarily relies on the outstanding invoices, rather than personal security.
  • Allows a business to concentrate on growing sales, with far fewer restrictions.
  • Credit information allows businesses to trade with their customers more securely.
  • Your business has to be invoicing other businesses (not consumers)
  • You can be starting up, growing or well established. We support many businesses at different stages with their growth ambitions
  • Your business needs to have a minimum turnover of £50,000 per year
  • If you export, please get in touch as we already support many exporting businesses


How long does it typically take to secure funding?

With our new on boarding system, we can provide funding within 3-4 working days, subject to all information being available.

What type of security or other requirements do you have?

If a Limited Company; a debenture will be required, plus a personal guarantee from shareholding directors.

What supporting documents are needed?

Financial accounts, sales and purchase ledger and bank statements

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Find your business

Enter a funding amount between £500 and £50,000,000.
Please indicate what you need the funding for.