Hitachi Capital America – the corporate offices of Hitachi Business Finance – announced today that its trade finance team is in the process of expanding its capabilities to Mexico and continues to see substantial growth in its trade finance portfolio.
Mexican companies seeking liquidity and balance sheet improvement can now take advantage of HCA’s true-sale A/R purchase programs. By selling receivables, companies can improve days sale outstanding, working capital, liquidity, credit risk, and customer concentration.
“We see the Mexican market as a significant source of opportunity,” says Tim King, Executive Director of Trade Finance. “The GDP is growing, there’s increased activity in the service sector, and companies are making solid advances in a variety of growing industries.”
Additionally, the trade finance team finished out FY17 (ending March 31) with more than $3 billion in purchases. The first quarter of FY18 has brought similar success, with more than $1 billion of purchases.
“The trade finance team had a very productive 2017,” says King. “We’re well into our second quarter and are continuing to see exceptional results. By working hand-in-hand with our clients and offering them the very best creative and flexible financing solutions aimed at improving their business operations, HCA will continue to see significant strides both here in the US and now in Mexico.”