Novuna Business Finance is a major UK business finance provider operating as part of the Mitsubishi HC Capital parent group. Ranked as a top five UK asset finance player, the firm provides commercial funding solutions to businesses across multiple UK sectors. Whether a company requires capital for machinery, cash flow management, or commercial growth, understanding what Novuna offers helps business owners decide if this lender matches their financing requirements.
Business Finance Products Offered
Novuna Business Finance provides a broad range of commercial finance facilities to suit different operational needs. Their product suite includes:
Business Loans: Fixed term borrowing designed to help companies fund expansion plans, investment projects, or general operational needs.
Asset Finance: Structured funding solutions that enable firms to acquire essential machinery, equipment, and commercial vehicles while spreading the cost over time.
Hire Purchase: An asset funding arrangement where the business pays regular instalments over an agreed term, ultimately taking ownership of the asset at the end of the agreement.
Finance Lease: An asset rental facility where the business pays to use equipment over its operational life, without taking final ownership of the asset.
Equipment Finance: Dedicated funding options covering specialized capital equipment and commercial machinery for operational growth.
Invoice Finance: Working capital solutions that allow companies to release capital locked up in unpaid customer invoices.
Trade, Stock and Supply Chain Finance: Specialized working capital options designed to support business inventory purchasing, import funding, and supplier payment cycles.
Vendor and Supplier Finance: Point of sale finance programs designed for vendors and equipment dealers to offer flexible funding packages to their commercial customers.
Development finance
Who Novuna Business Finance Suits
Novuna serves a wide spectrum of firms across the UK business landscape. Their customer profile ranges from small micro-entities seeking targeted funding for single assets to large logistics companies managing extensive commercial transport fleets. Their key areas of specialization include asset finance paired with business loans, asset finance combined with working capital, and specialized development finance facilities.
Eligibility Criteria and Funding Limits
Funding amounts depend on the specific borrowing facility, asset type, and business financial assessment, with a maximum of £20,000,000. Additionally, the provider does not publish specific criteria regarding eligibility for sole traders.
For regulatory verification, Novuna Business Finance operates under Financial Conduct Authority (FCA) firm reference number 710502 and holds Companies House registration number 01630491.
Novuna Business Finance Summary
Feature | Details |
|---|---|
Provider Type | Direct Lender |
Formerly Known As | Hitachi Capital Business Finance |
Parent Group | Mitsubishi HC Capital |
Primary Specialisms | Asset Finance, Business Loans, Working Capital, Development Finance |
Access Routes | Broker, Direct, Vendor |
Minimum Deal Size | £20,000 |
Maximum Deal Size | £20,000,000 |
FCA Firm Reference Number | 710502 |
Companies House Number | 01630491 |
How to Access Novuna Business Finance
Commercial borrowers can access facilities from Novuna through three distinct channels:
Direct Application: Business owners can apply directly through the provider's website or contact their internal business finance team.
Brokers: Independent commercial finance brokers work with Novuna to source, structure, and submit loan and asset finance applications for their clients.
Vendors: Equipment manufacturers and machinery suppliers frequently offer Novuna asset finance options directly at the point of purchase.
Compare Funding Options with SME Money
Choosing the right finance facility involves evaluating multiple providers to ensure the structure and terms align with your commercial goals. While Novuna Business Finance is a major asset finance player, reviewing alternative lenders across the broader UK market ensures you secure the right deal for your specific business situation.
SME Money connects UK businesses with specialist brokers who search over 100 lenders to find appropriate funding solutions. This helps business owners explore their options impartially, without the bias of relying on a single bank or finance provider.