Turn Your Invoices Into Cash Today
Quick Funding (24 hours)
Hitachi Business Finance Invoice Factoring Review
Hitachi Business Finance is a company specializing in invoice factoring and other receivables-based financial products. They are based in Rochester, MI, and work in the distribution, healthcare, manufacturing, staffing, and trucking industries. In addition to their invoice factoring services, they offer collections services and online reporting.
One of Hitachi Business Finance’s strongest advantages is they have non-recourse factoring. This means that the factoring company can’t issue a chargeback on money paid out if your client doesn’t pay their invoice. This setup ensures a reliable and predictable revenue stream that will help businesses grow.
Hitachi Business Finance is also strong in that they will frequently provide funding on factored invoices within 24 hours. This speed of deposit can really help protect the revenue stream of your business, and ensures you have the capital you need to complete projects and grow.
Finally, they provide invoice factoring services for companies in a range of different industries. As a result, they have the experience that your business needs when it comes to dealing with your specific cash flow situation.
However, there are some issues with Hitachi Business Finance. The first is they have higher fees than most of the other invoice factoring companies we researched. This can be a deal breaker for many business that are looking to invoice factoring because they have a problem with cash-on-hand.
Hitachi Business Finance also suffers because their website leaves much to be desired. It is difficult to navigate and doesn’t have the features or information that one would expect when researching invoice factoring companies.
Finally, they lack the information that businesses interested in factoring need to be able to compare their services to their competitors. As a result, we don’t have the information we need to do a fair apples to apples comparison, costing them points in our review.
Hitachi Business Finance is a mediocere choice for invoice factoring services. They offer some interesting services, but their rates and requirements mean they aren’t up to the task of rising to the top of the pack.