Rochester, MI, May 10, 2016 – As 2016 is in full swing, Hitachi Business Finance announced that it provided two additional clients working capital assistance.
“In the opening months of 2016, we have experienced an increase in the number of businesses looking for asset-based lending and factoring solutions,” said President and COO Mike Semanco. “Businesses across the United States, in a multitude of industries, need additional working capital to support business growth. From fulfilling large or unexpected orders to hiring new employees, asset-based lending remains a valuable and respected tool that allows businesses to better improve their operations and balance sheet metrics.”
One of the clients Hitachi Business Finance was able to help is a creative marketing firm based in the Midwest. The company was provided a $2,000,000 line of credit supported by accounts receivable, inventory, and equipment, putting them in a position to take on additional clients, as well as ensure a stable cash flow.
Additionally, Hitachi Business Finance was able to assist a company in the energy industry with their financing needs. After the banks said no, Hitachi seized the opportunity to offer more than the traditional lenders by extending a $5,000,000 line of credit to the company supported by accounts receivable. With this money, the business will be able to focus on growth and development of new business, while maintaining a comfortable cash flow.
About Hitachi Business Finance
With more than a decade of proven success and 75+ years of combined experience, Hitachi Business Finance provides business cash flow solutions to support a company’s continued growth and success. A division of Hitachi Capital America Corp., we offer commercial and government A/R financing and lines of credit. Based in Rochester, Michigan, with an office in Atlanta, we provide easy and flexible financing to companies of all sizes across the United States. Learn more at www.hitachibusinessfinance.com, or by calling (248) 658-1100.
About Hitachi Capital America Corp.
Hitachi Capital America Corp. is an independent, diversified leasing and financial services company providing financing to Hitachi group companies and the commercial business sector in the United States and Canada. Hitachi Capital America offers a variety of asset-based financing solutions with a business focus on truck, vendor, trade, and medical equipment finance, as well as lease discounting and software financing. Learn more at www.hitachicapitalamerica.com.