Hitachi Capital supports sole traders with a multi-million pound loan fund
In response to the lack of support from the banks. Hitachi Capital Consumer Finance has launched a multi-million pound loan fund, available exclusively to support the UK’s sole trader market.
The loan is aimed at targeting small business, including those in the beauty industry, who may be struggling to get finance from the banks to help their business grow.
Hitachi Capital’s expansion into asset-based loans will fill a real need, with the figures showing that lending to the small business and sole trader sector actually shrunk by £2.4bn in the final quarter of 2012. The new fund, initially £25million, will provide asset loans from £2.5k to £15k for the UK's 3 million sole traders to purchase equipment, vehicles and tools.
For more information visit http://www.hitachicapital.co.uk/tradeloan/