Mitsubishi HC Capital America announces increased capabilities of its Inventory Finance team with a series of new hires and promotions. The strengthened team will further improve the company’s floorplan solution in the United States and Canada to facilitate the future success of OEMs, distributors, and dealers, while increasing their purchasing power and enhancing liquidity.  
 
Industry veteran Gary Furnas has been promoted to Vice President and General Manager, Inventory Finance, a division of Transportation Finance. Furnas joined the company in November 2021 as the Director of Business Development and successfully worked to grow the company’s platform. As the new Vice President and General Manager, Furnas is now responsible for the overall growth and development strategy of the division, managing the portfolio and associated risk, as well as curating and cultivating new relationships with dealers and manufacturers across the United States.
 
Also joining the team is Navin Uttamchandani, who has been appointed Vice President, Risk and Operations, Inventory Finance. He brings more than 20 years of progressive lending experience in underwriting, portfolio and risk management, as well as leadership in transformation initiatives. He previously held positions at JP Morgan Chase, Santander Bank, Capital One Auto Finance and GE Capital/GE Commercial Distribution Finance.
 
Other new positions include Michelle Grubb as Sales Development Representative and Dayana Correa as Inventory Finance Coordinator.
 
“Gary and Navin’s combined experience and leadership will usher in a new era of capabilities for our organization. Their understanding of the industry and know-how will prove to be essential as we work to further develop dealer and OEM relationships across both the United States and Canada,” said Kirk Mann, Senior Vice President and GM, Transportation Finance. “More importantly, by lending into the supply chain with inventory financing, our customers have another financing solution as they work to drive sales growth and improve their bottom lines.”
 
“Building out our Inventory Finance team enhances our ability to provide customers with the critical financing they need for assets they hold for sale throughout North America,” said Félix Beauregard, Vice President, Inventory Finance for Mitsubishi HC Capital Canada. “Our Canadian team looks forward to working with our American counterparts as they continue growing our unique value proposition as a non-bank lender for OEMs and distributors who do business in the U.S. and Canada.”