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Business Finance FAQs
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Asset Finance Coronavirus FAQ's
How we're supporting our customers through Coronavirus disruption
Is a Payment Holiday the right thing for me?
What is a payment holiday (also known as payment freeze and payment deferral)?
Who can request a payment holiday?
What will happen to interest / hire charge?
Will this affect my credit rating?
When will my payment holiday begin?
What if my payment holiday is coming to an end?
What effect will delays in the postal system have on my Agreement?
What if I need more help?
Asset Finance
How do I know if you’ll lend to my business?
Why is asset finance different to a loan or overdraft?
What sort of financial information do you need?
How much finance can I get?
What interest rate do you charge?
How much deposit would I need?
Can I choose my repayment date and amount?
Can I reclaim VAT on a Hire Purchase agreement?
Invoice Finance - general questions
What is invoice finance?
Once I have made contact with Hitachi Capital, how long will it take for someone to see me?
What is the process from initial enquiry to funds in my bank account?
How long will this process take?
Do you fund new start businesses?
Do you fund phoenix companies?
How much money can I borrow?
How much will it cost?
Why should I use an invoice finance provider instead of my bank overdraft?
Why should I choose Hitachi Capital?
Invoice Finance - Invoice Factoring
What is invoice factoring?
How effective is invoice factoring?
How do I transfer from my existing invoice factoring provider?
What makes a business suitable for factoring. Can anyone use it?
Our company has recently experienced rapid growth. Would invoice factoring be a viable option?
Is it possible to terminate an invoice factoring contract prior to the 12 month term?
How can we use invoice factoring to finance our staffing agency? Will factoring help to provide the finance to pay our employees on time each month?
Invoice Finance – using invoice finance services
Will you tie me in to a lengthy contract?
I'm already using a factoring provider but I’m unhappy and want to switch, can you do this for me?
Can I access details of my account in real time?
Can I trust you to handle my credit control in a professional manner?
Can I use more than one provider simultaneously?
Will there be someone managing my account?
I export goods and services, will you provide invoice finance on these invoices?
I provide goods and services to consumers. Will you fund these invoices?
Will I face any issues in receiving the level of funding I need?
What if I don’t want my customers to know that I’m using invoice finance?