Lender profile
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.
Check your optionsFree · 2 mins
Quick verdict
- Product: Asset finance (HP, leasing), stock finance, project finance.
- Ticket band: Not published; bespoke by asset and case.
- Pricing: Bespoke pricing, quoted at offer.
At a glance
Novuna Business Finance, at a glance
- Legal entity
- Mitsubishi HC Capital UK PLC (trading as Novuna Business Finance)
- Companies House
- 01630491
- Ownership checked
- 23 September 2026, against Companies House and published sources
- 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
- Not stated as limited companies only
Where Novuna Business Finance is strong
- 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.
Watch-outs, and when another lender may suit better
- 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, ask the lender for the reason in writing. See also our guide to why lenders decline, by reason.
Similar lenders we list
- Allica Bank, SME term loan, asset finance + commercial mortgage
- Propel, Asset finance (hire purchase and lease)
- Close Brothers, Asset finance, invoice finance, commercial loans
- Haydock Finance, Asset finance (hire purchase and lease)
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.
FAQ
What can I borrow through Novuna Business Finance?
What Novuna Business Finance offers: asset finance (HP, leasing), stock finance, project finance. Ticket range: not published; bespoke by asset and case. Typical rate: bespoke pricing, quoted at offer.
How long does Novuna Business Finance take to decide?
Novuna Business Finance does not publish a decision time.
Who is Novuna Business Finance the best fit for?
It suits asset purchases in its specialist sectors best. The full list is under Best fit applicants above.
When might another lender suit better than Novuna Business Finance?
It is a poor fit for published-rate shoppers. The other cases are under Where Novuna Business Finance is the wrong fit above.
Send an enquiry
Tell us what you need in 2 minutes. FundBiz is not a lender and does not run a credit check. It's free and there's no obligation. For limited companies, LLPs and partnerships with four or more partners.
Send an enquiry →Official site: Novuna Business Finance
Last updated: . By Adam Parker. FundBiz is owned and operated by Best Business Loans Ltd, directed by Oliver Mackman.