“Business Financing 101: How the Lending Industry is Transforming” released by Hitachi Business Finance

by Hitachi Business Finance

Rochester, MI, Oct. 7, 2016 – As rumors of a tightening credit market and rate increases dominate the headlines, key lenders from Hitachi Business Finance offer up their insight and advice to businesses in their new guide “Business Financing 101: How the Lending Industry is Transforming.”

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Recent data from the Federal Reserve show that U.S. banks, after mostly loosening lending standards for commercial loans and small firms both during and after the Great Recession, have been tightening their standards, with the trend accelerating for the past year.

Where does this leave businesses that need money to grow? What about those new orders that need to be filled? Or the new employees that need to be hired or that piece of equipment that needs to be purchased?

That’s where finance industry veterans Mike Semanco and Jeff Wright come in. Semanco is President and COO of Hitachi Business Finance, while Wright is a Senior Vice President. Each offers their take on the lending industry in “Business Financing 101: How the Lending Industry is Transforming” – the challenges small businesses face, the effects of banking regulations, the outlook of the industry, and more.




“Entrepreneurs consistently state that access to funding is one of their biggest barriers to growth,” says Semanco. “This guide provides the answers to questions we hear most often, as well as the other lending options available to small- to medium-size businesses.”

“The financing industry has always been cyclical,” adds Wright. “But how can a company ride out the cycles? We offer our insight in an effort to help business owners secure the growth capital they need to succeed.”

Mike Semanco has helped hundreds of companies obtain financing and has also coached and educated entrepreneurs on financing products and structures that best fit their needs. He has written several industry articles and participates in many panel discussions on business financing and strategies. The U.S. Small Business Administration named him a Michigan Financial Services Champion and Crain’s Detroit Business inducted him into their 40 Under 40 class.

Jeff Wright has helped finance numerous companies throughout his 30 plus years in the industry. He focuses on the Midwest region of the country, mainly covering Michigan and Indiana. He is involved with many professional and civic activities including the International Factoring Association, Turnaround Management Association, and the Association for Corporate Growth.

About Hitachi Business Finance

Hitachi Business Finance is a source of opportunity and information for entrepreneurs seeking solutions beyond traditional lending.

Backed by the global power of Hitachi Ltd., and with more than a decade of proven success, we offer asset-based financing designed to help improve a company’s cash position. More information at www.hitachibusinessfinance.com.

About Hitachi Capital America Corp.

Hitachi Capital America Corp. is an independent, diversified leasing and financial services company providing financing to commercial businesses and other Hitachi companies in the United States. We offer a variety of asset-based financing solutions with a focus on truck, trailer, and floorplan financing; trade financing; medium/small ticket financing; structured financing; vendor financing; and asset-based lending. Learn more at www.hitachicapitalamerica.com


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