Secured business loans are a way for SMEs to receive an injection of cash by using items owned by a business as security. Because lenders use commercial assets to secure a loan, it means they can lend a lot more when compared to unsecured business loans, which use different criteria, sometimes as much as £2 million. Because lenders user assets to secure the loan, many don’t need to use harder credit checks during the application process.
Using existing commercial assets such as property, machinery or vehicles, lenders will secure the amount they lend against an item owned by the business as security. This means that if something should go wrong and a business struggles to meet its monthly repayments, the lender can sell the assets in order to recoup the money they’ve lent.
Secured business loans allow SMEs to borrow more money across a longer period of time than unsecured loans, providing a great option for businesses looking for medium term funding. The fact they don’t use detailed credit checks makes them a good option for businesses with no or bad credit history.
Invoice finance allows you to release cash quickly from your unpaid invoices.
As your lender, we can release up to 90% of your invoices within 24 hours. On payment of the invoice from your customers, we will then 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.
We are an invoice financing company who offer a solution whereby payments are collected 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.
Excellent Customer care and service.
12:17, December 09, 2021
I really enjoyed working with the Hitachi team, professional, helpful and really good people to deal with. They have made what could have been a very difficult experience a pleasure. Very happy to recommend them.
15:00, December 08, 2021
Hitachi made the process of moving factoring facilities painless, bearing in mind we previously had our facility with the same provider since 1997. I cant fault Hitachi's staff and processes and we are delighted with the move.
10:45, October 21, 2021
Staff excellent all together professional
05:57, October 03, 2021
Great service so far
14:20, August 27, 2021