Hitachi business finance review

With more than 35 years of industry experience, Hitachi offers a variety of business financing options.

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Hitachi

Hitachi coronavirus business loans

Hitachi is an accredited lender for the purposes of the government’s Coronavirus Business Interruption Loan Scheme (CBILS). This means it is able to provide business loans and finance options to those that have been seriously impacted by the crisis.

Founded over 100 years ago, Hitachi is a Japanese company with 11 different business components, including financial services. Its mantra is “Inspire the next”, and it was voted the UK’s Best Direct Loan Provider by Your Money for the past four years.

Hitachi offers several different types of finance to support your business. It’s straightforward to apply via Hitachi’s website.

Hitachi business finance options

Hitachi offers different types of financing for your business, including asset, invoice and franchise finance. Whether you’re starting a new business or looking for a boost to the next level, Hitachi offers funding of up to £500,000.

  • Asset finance. If you’re a small or medium-sized enterprise (SME), asset finance can help you spread the cost of business purchases, such as manufacturing equipment or software.
  • Invoice finance. When you invoice a customer, Hitachi will be able to pay you a chunk of the money straight away, with the rest of the money being paid to you when the customer pays. This means you won’t be left out of pocket when you are waiting for a customer to pay, although you will have to pay a small charge.
  • Franchise finance. This funding option from Hitachi allows you to spread the cost of either starting or expanding your franchise.

How does Hitachi compare to other asset finance providers?

Data indicated here is updated regularly
Name Product Asset finance options Asset finance amounts Asset finance terms
Bibby Financial Services Asset Finance
Leasing
Hire Purchase
Refinancing
£25,000 to £1,500,000
2 - 5 years
Bibby can offer you lower initial payments as well as payment holidays to help you business during quieter periods when your equipment is not earning.
Arkle Finance Asset Finance
Fixed Term Rental
Finance Lease
Hire Purchase
Marine Mortgage
Loan & Chattel Mortgage
£5,000 to £500,000
1-7 years
Arkle Finance allows you to adjust your repayments in line with your seasonal income.
Funding Circle Asset Finance
Hire Purchase
Hire
£10,000 to £250,000
6 months to 5 years
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Compare invoice finance from lenders like Hitachi

Data indicated here is updated regularly
Name Product Maximum percentage of invoice Invoice terms Turnover/trading criteria
Bibby Financial Services Invoice Finance
100%
From 30 days to 90 days
No specified minimum turnover,
minimum 6 months trading
Release up to 100% of the capital in invoices within 24 hours of raising them. Manage your own credit control and sales ledger or let Bibby do it for you.
MarketFinance Invoice Finance
90%
From 30 days
£100,000 minimum turnover,
minimum 1 year trading
Choose specific invoices to sell or leverage your entire sales ledger. Receive up to 90% of your invoice within 24 hours then the remainder, minus fees, when your customer pays.
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How can I apply?

Hitachi offers a quick online application form, and says it will give you a decision in minutes.

If you want to apply, simply visit the website and fill in the online application form. You will need to provide both your personal and business details, and more information might be required before a decision.

When applying, it is helpful for you to have the following information close by:

  • Business name and address registration number
  • 3 sets of accounts filed at Companies House
  • Director guarantees

Frequently asked questions

Asset finance

Invoice finance

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