Hitachi Business Finance, a source of opportunity for entrepreneurs seeking solutions beyond traditional lending, is celebrating its most successful year yet, having provided $139 million in working capital financing to companies of all sizes across the United States.
The largest area of growth this past year has come from the company’s asset-based lines of credit and new syndication lending solution. With the addition of Tom Bayer, who is spearheading the company’s syndication efforts, and the ongoing contributions of Tim King from Hitachi’s Trade Finance division, Hitachi Business Finance witnessed incredible growth in syndication loan volume. As a non-bank, commercial finance company, Hitachi Business Finance offers syndicated credit hold positions ranging from $5-$25 million.
“2017 was truly a remarkable year for Hitachi Business Finance,” says President and COO Mike Semanco. “With the addition of our new lending product, as well as the opportunity to add experienced staff to the team, we were able to reach different markets and serve new clients. Both of these actions combined to make Hitachi Business Finance a more diversified, stronger company with an increased focus on helping companies of all sizes, from many different industries, grow and be successful.”
Additionally, Hitachi Business Finance continues to serve its core client base of small- to medium-sized businesses with its factoring and ABL line of credit solutions. The company assisted a variety of businesses from the manufacturing, consulting, lending, and staffing industries with their working capital needs. These companies were looking to improve their cash flow, purchase new equipment, hire additional staff, meet seasonal demands, and more.
Semanco adds: “As we kick-off the New Year, we have high expectations for 2018 to surpass the past year’s success. With the work of our highly-talented team, as well as the deep resources of Hitachi, companies in need of additional cash flow will find us to be a solid, steady partner interested in helping them achieve their short- and long-term financial needs.”