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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.
GREAT ON BOARDING AND REALLY HELPFUL
Hitachi Capital (UK) PLC
09:49, November 12, 2020
This is my second finance facility with Hitachi Capital and sadly we've had problems from start to finish with the set up. If it wasn't for my relationship with Louisa James Hitachi would have lost all my business. Communication from Graham was good but instructions and understanding seemed to be lost when setting up the facility on Halo, which should have been easy as it was a carbon copy of my first facility. My first experience with Hitachi was very positive and everything went smoothly.
Hitachi Capital (UK) PLC
09:19, November 11, 2020
Amazing Service From Jonathan Oakes
Country Foods Services Ltd
15:59, November 10, 2020
Hitachi Capital understands the needs of our business.
11:11, October 07, 2020
Graham has been superb, Simon Smith's help has been great also. Without this service our business couldn't have started.
13:09, July 10, 2020
We were the first provider to offer a one fee solution from 0.45% to 5% of your turnover depending on the size of your business. Our Inspired Cashflow product comes with
You can use our invoice calculator to give you an estimate of price and to understand how much cash you could release back in to your business by using Invoice Finance.
Invoice finance in the UK is where an invoice finance provider buys a business’s unpaid invoices for a fee. The provider will often provide a percentage value, usually up to 90%, of the invoice upfront in the form of a loan.
Once the client has paid the invoice, the lender will collect the balance in addition to a small fee. This means businesses can free up cash flow and don’t have to wait to receive payment for their goods or services. There are 2 main types of invoice finance: invoice factoring and invoice discounting.
Invoice financing has become a popular solution for businesses due to its simplicity and providing funding to businesses quickly to improve their working capital. Waiting 30 - 90 days to receive payment of invoices or late invoice payments can put a financial strain on a business. To avoid running into cash flow problems, businesses can use an invoice financing provider to secure a percentage value of the unpaid invoice upfront. The lender will collect the money once the invoices have been settled along with a percentage fee.
Invoice finance services are not currently regulated by the FCA (Financial Conduct Authority). To ensure integrity and a fair service is provided, UK Finance have an industry-wide code of conduct. The regulation of the invoice finance industry would most likely lead to an increase in the costs associated with invoice financing. Not being regulated ensures the costs of invoice financing are kept down for the consumers seeking to utilise invoice finance for an instant cash injection for their business.
A business raises invoices as they normally would and the invoice details are passed on to the invoice finance provider, who will then release a percentage of the value of the unpaid invoice upfront. With Hitachi Capital Invoice Finance, our revolutionary digital onboarding process allows businesses to be set up from first appointment to release of funds within 24 hours for smaller SMEs and up to 7 days for larger corporate businesses.
Depending on the invoice finance agreement entered, the business or the invoice finance provider will chase payment for the unpaid invoices. Once the invoice has been paid, the invoice finance provider will release the remaining balance minus a small fee for the service.
UK based Small-to-Medium sized businesses (SMEs) with the following criteria:
We cater for a wide range of sectors, including manufacturing, transport, professional services and recruitment.
The primary difference between invoice discounting and factoring lies with who is responsible for collecting the unpaid invoices. Invoice discounting ensures the business is in control of collecting the unpaid invoices as this is a confidential facility. With invoice factoring, the factoring company takes control of collecting the unpaid invoices. In either case, businesses can be advanced up to 90% of their unpaid invoices upfront, with the remaining value coming after the customer has paid the invoice.
An invoice finance agreement is when a business will enter an agreement with an invoice finance provider to finance their unpaid invoices. By having an agreement in place, businesses can have instant access to cash rather than waiting a period of time for their invoices to be paid by their customers. It helps to resolve any cash flow issues arising with a lack of instant cash available to pay monthly expenses such as rent and payroll.
Invoice finance provides an alternative finance solution to traditional forms of finance such as loans, lines of credit and overdrafts which often come with a multitude of eligibility requirements. The mechanics of providing funding for unpaid invoices to improve the cash flow of a business works the same for any size of business.
In order to be eligible for Hitachi Capital invoice Finance:
An invoice finance facility is a finance facility provided by an invoice finance provider to help business owners leverage their unpaid invoices in order to provide an instant cash injection into the business.
The lender will release up to 90% of a business’s invoices straight away. On payment of the invoice from their customers, the lender will release the final amount minus any fees and charges. There are different types of invoice financing options available to businesses depending on the situation and the level of control they require in collecting unpaid invoices.
Want to know more about who should apply?
Our Invoice Finance Products
Invoice Finance Case Studies
Invoice Finance Blog
Help and support for SMEs with cashflow concerns or questions.
Read our brief guide to understand a bit more about what Invoice Factoring does
Read this short guide to understand what the key differences are between these main cashflow finance products.
Read the Hitachi Capital blog post providing information about what the effects of an airline going into administration could have on business owners in the UK.
Read the Hitachi Capital blog post providing information about how the proposed change for a four day working week could affect the UK.