Hitachi unveils new invoice finance product

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Hitachi Capital has unveiled a new, no-frills Inspired Cashflow invoice finance product.

The company backed the service with a £500m funding initiative to boost small business finance. 

The package was based on market research from 1,000 small businesses across the UK, which identified that 43% had cashflows concern and half were using bank-based finance. Government "funding for lending" schemes have yet to reach this sector.

The survey also confirmed accountants as the most trusted financial advisers, with an endorsement from 43% of businesses surveyed.

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