Hitachi offer funding to struggling SMEs

As the economy struggles to and the SMEs continue to find securing finance problematic, support is being offered by Hitachi Capital Invoice Finance.

Hitachi have put £500 million into the sector, to be distributed amongst the different regions in the United Kingdom, to encourage growth of healthy businesses.

SMEs, however, must meet certain criteria to qualify for the funding. For a start they must be a trading company that deals business-to-business with an annual turnover of £50,000 to £10 million. The business must use already-raised invoices for security on the debt, they cannot borrow on an incomplete project

John Atkinson from Hitachi Capital Invoice Finance knows that there are many businesses who find it difficult to borrow. This is stage one of the initiatives to provide financing services to SMEs