Novuna Business Cash Flow
The invoice finance arm of Novuna, part of Mitsubishi HC Capital, funding discounting and factoring facilities to around £5m from a bank parent's balance sheet, with larger structured lines available.
What they do
Novuna Business Cash Flow provides invoice discounting, factoring, spot factoring, payroll finance and credit protection covering up to 90 per cent of a bad debt, advancing up to 90 per cent of invoice value on the same day. Discounting requires a minimum turnover of £500k and factoring £50k. Pricing is a tiered service fee from around 0.5 per cent plus a discount margin over base rate, quoted more openly than most of the market. Being funded by Mitsubishi HC Capital's balance sheet, it has written discounting facilities well above its headline range, including a reported £20m line.
Where they fit in a lower-mid-market raise
For a business whose receivables ledger is the main working-capital asset, this is bank-quality funding with a published fee structure and a six-month trial period that is unusual in a market built on long tie-ins. Recruitment groups and structured facilities are handled as readily as straightforward discounting. In a £3–15m structure it is the receivables sleeve, and the parent's balance sheet means it does not run out as the borrower grows.
Where they are not the fit
It funds business-to-business receivables only, so consumer retail has nothing to advance against. The mainstream product sits below the middle of a lower-mid-market raise, and a larger structured facility has to be negotiated rather than picked off the page. There is no cashflow or acquisition lending here.
Published terms
- Pricing
- 'Rates from 0.5%'; tiered service + finance charge; ~0.7% service for established £500k+ turnover or strong debtor or low-risk sector, 1-1.5% for smaller or higher-risk; discount margin over base rate on top
- Speed to terms
- Up to 90% of invoice value, same-day or within 24 hours; 6-month trial period offered
- Sponsored or sponsorless
- Both (predominantly owner-managed SME; scales to recruitment groups or structured facilities)
- Where they lend
- (UK-based businesses)
- How they decide
- Bank-backed (Mitsubishi HC Capital UK PLC); relationship + broker-originated; AI-driven payment allocation, debtor portal. Authority is delegated below committee on at least part of the book
- Security
- Receivables
- Covenants
- Springing covenant, tested only when a trigger is hit
As published by the lender and last reviewed June 2026. Terms quoted on a deal are set by the credit, not by a published band.
The desks that lend
Novuna Business Cash Flow lends through 2 separate books. Which one reads a deal decides the security, the covenant package and the band, so the question is rarely whether Novuna Business Cash Flow lends, but which of these would own it.
Invoice discounting (confidential)
- Facility
- up to £5m
- Security
- Receivables
- Covenants
- Springing covenant, tested only when a trigger is hit
- Funds
- Growth · Refinance
- Rules out
- Min £500k turnover for discounting
Invoice factoring / spot factoring / selective + payroll finance + credit protection
- Security
- Receivables
- Covenants
- Springing covenant, tested only when a trigger is hit
- Funds
- Growth · Refinance
- Rules out
- Min £50k turnover for factoring
Limits that apply across the firm
Stated limits, taken from Novuna Business Cash Flow’s own published criteria, beyond the ones each desk carries above. A limit is where a lender starts from, not where it always ends: several of these move on a strong enough credit.
- No appetite in adult, consumer retail no b2b, crypto, gambling or weapons
How they sit against the category
- Its published ceiling is £5m; 26 of the 40 asset-based lenders here go at least as high.
- 11 of the 40 publish an indicative price at all; it is one of them.
Counted across the 40 asset-based & asset-finance lenders in this directory, on what each one publishes. What a lender discloses and what it will do are different things.
Questions this page answers
How large a facility does Novuna Business Cash Flow write?
Published facilities run up to £5m. A band is what a lender states it will do, not what it will do on a given credit.
How quickly does Novuna Business Cash Flow move?
Up to 90% of invoice value, same-day or within 24 hours; 6-month trial period offered. Published timetables describe a clean case; anything unusual in the security or the structure adds to them.
Does Novuna Business Cash Flow lend to companies without a private-equity sponsor?
Yes. Novuna Business Cash Flow lends to owner-managed and sponsor-backed borrowers alike, so a company with no private-equity backer is not out of scope on that ground.
Where does Novuna Business Cash Flow lend?
Novuna Business Cash Flow lends in (UK-based businesses).
What covenants does Novuna Business Cash Flow set?
Springing covenant, tested only when a trigger is hit. A covenant package is negotiated on the facility; the published style is where the negotiation starts.
Sources
This profile is a curated reference note drawn from public sources, not financial advice or a recommendation. Appetite and terms change; a lender's fit for a given credit is established by approaching it, not inferred from a page.