Diamond Business Credit provides asset-based financing to small “non-bankable” businesses throughout the northeastern United States. Facilities range from $25,000 to $1 million and provide borrowers a more flexible solution than traditional factoring. The Diamond principals have been making these types of loans in this region for decades.
When Diamond was seeking a line of credit to grow their business, they contacted Hitachi Business Finance President Mike Semanco. The company offers a specialty credit product – Lender Finance – that most banks do not offer and one that Hitachi was advertising at the time.
“Right from the initial call, it was clear that Mike understood our niche and had a solution for us,” says David Lawrence, president of Diamond Business Credit
Hitachi quickly approved and funded a line of credit for Diamond which was, and continues to be, used to leverage the growth and expansion of the business.
“Hitachi has been a very flexible and supportive partner over the past three years. They consistently deliver as advertised and we look forward to continuing our relationship as our business continues to grow,” says Lawrence.
Hitachi Business Finance is a division of Hitachi Capital America Corp. and provides customized, flexible financing solutions for companies looking for creative options to grow and sustain their businesses. Our solutions include accounts receivable financing, revolving lines of credit secured by A/R, inventory, and equipment, and government contractor financing. Based in Rochester, Michigan with an office in Atlanta, we provide financing solutions for small to mid-market companies across the United States.
See how Lender Finance can help your specialty finance company. Contact Mike Semanco at (248) 658-3201 or firstname.lastname@example.org