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Hitachi Capital Invoice Finance records positive client growth for a fifth-year running PDF Print E-mail
Tuesday, 19 May 2015

Hitachi Capital Invoice Finance has seen a 22% increase in the number of small businesses seeking financial support in the last year. This now means over a five year period, the business’s client base has grown by an astounding 80% due to SMEs seeking simple and cost effective solutions to cash flow issues.

Hitachi Capital Invoice Finance is now one of the fastest-growing providers of finance to businesses, having funded £823million worth of client invoices in 2014, a record number for the company.
 
Steve Smith, managing director at Hitachi Capital Invoice Finance, said:
 
“Finance for small businesses is high on the government’s agenda but many SMEs [in the region] aren’t waiting around for further support. Those businesses that know their way around the financial market are using alternative simple, affordable and flexible solutions to help relieve cash flow pressures.” 
 
The Asset Based Finance Association (ABFA) has predicted that asset-based lending to UK and Irish companies will reach £20billion in 2015 and 80 per cent of that sum will be raised through invoice finance. Hitachi Capital Invoice Finance has capitalised on increasing demand for more flexible and affordable financial solutions as traditional providers continue to stall on lending to SMEs.
 
Steve Smith continued:
 
“Despite this unprecedented growth, we are not standing still as an industry.  Statistics tell us that independent financial providers are supporting more UK businesses than ever.
 
“We are broadening our services and designing specialist products to meet the specific needs of businesses in the recruitment and manufacturing sectors as well as others. Our aim is to continue growing and we have big plans to create more innovative financial solutions and break into new grounds.   
 
“Our Inspired Cashflow product allows businesses to access cash on the same day that an invoice is raised. A significant part of our success story, it is a market-leading innovation that comes with one single fee and is available to companies of all sizes, starting with a six-month trial.
 
“Many SMEs rely on invoices being paid on time to cover their overheads or invest in growth and our upfront lending facilities provide a transparent and simple solution. By unlocking cash tied up in unpaid invoices, businesses are able to use that finance to invest in a new plant or machinery for example.”  

(Source - Hitachi Capital Invoice Finance Press Release)
 

 
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