Novuna Business Finance

The business finance division of Mitsubishi HC Capital UK PLC, formerly Hitachi Capital UK (rebranded Novuna in February 2022), with over £5bn funded to UK companies (company-reported). Core strength is asset finance: hire purchase and leasing across construction, manufacturing, transport, agriculture, technology and renewables, plus stock finance and block discounting. A stable, balance-sheet-backed corporate funder rather than a fast fintech: strongest where the asset and sector fit its specialisms.

Quick routing verdict

  • Product: Asset finance (HP, leasing), stock finance, project finance.
  • Ticket band: Not published; bespoke by asset and case.
  • Decision time: Not published; typical of corporate asset lenders.
  • Pricing: Bespoke pricing, quoted at offer.

At a glance

Legal entity
Mitsubishi HC Capital UK PLC (trading as Novuna Business Finance)
Companies House
01630491
Founded
1982
Product
Asset finance (HP, leasing), stock finance, project finance
Ticket range
Not published; bespoke by asset and case
Decision time
Not published; typical of corporate asset lenders
Ltd-only
Lender accepts other structures, FundBiz routing is Ltd-only
Last reviewed
2026-07-18

Why we route here

  • Backed by the Mitsubishi HC Capital balance sheet; long UK track record as the former Hitachi Capital UK.
  • Deep asset-finance specialisms: construction, manufacturing, transport, agriculture, renewables, healthcare.
  • Broad product set beyond HP and leasing: stock finance, project finance, block discounting.
  • Comfortable with mid-market deal sizes where smaller funders cap out.

When we route elsewhere

  • No published pricing or ticket ranges; everything is quoted case by case.
  • Corporate credit process, so decisions are slower than fintech lenders.
  • Asset-led: not the route for an unsecured working-capital lump sum.

Best fit applicants

  • Asset purchases in its specialist sectors
  • Mid-market Ltd companies wanting a stable corporate funder
  • HP and leasing structures

Where Novuna Business Finance is the wrong fit

  • Published-rate shoppers
  • Urgent same-week funding
  • Unsecured borrowing

If declined by Novuna Business Finance

If your application to Novuna Business Finance is declined, the FundBiz post-decline matcher routes by decline reason. Common alternatives in our panel are listed in the "When we route elsewhere" section above. See also our Novuna Business Finance decline runbook for sector-specific routing detail.

Other panel lenders

How we rate Novuna Business Finance

This review is FundBiz's own editorial assessment, scored against a published framework. See our methodology for how we rate each lender.

Run the matcher

Tell us your turnover, sector and ticket size. We score against Novuna Business Finance and the wider FundBiz panel, then surface the lenders most likely to approve. Limited companies, LLPs and partnerships of 4+ only.

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Last reviewed: 2026-07-18. By Adam Parker. Reviewed by Oliver Mackman.

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