Hitachi Business Finance provided $28.75 million to six growing U.S. companies seeking working capital solutions. Outlined below are brief descriptions of the transactions:

• $20.0 million participation facility to a finance company that offers middle market and late stage lending, as well as broadly syndicated loans
• $3.0 million asset-based line of credit to a plastic injection mold company to pay off an existing lender and to invest in the growing company
• $2.5 million asset-based line of credit to a returning client that works in the HVAC industry to pay down a bank line and fund daily operations
• $2.0 million A/R financing to a commercial printer to pay off the existing lender, improve operations and hire additional sales staff
• $1.0 million asset-based line of credit to a private equity-owned product design and development firm to plan significant operational improvements
• $250,000 A/R financing to a newly-established staffing firm that is expecting significant growth within the next six months

“Just this summer, we welcomed back a previous client, entered into a syndication lending facility, helped a small entrepreneurial company continue on its path to profitability, and more,” said President and COO Mike Semanco. “Plus, we are servicing a line of credit for another lender and plan on participating in that loan in the upcoming fourth quarter. There really is no limit as to how asset-based lending can help companies of all sizes grow. And regardless of the need, asset-based lending will continue to be an instrumental component to businesses that are looking to finance their operations with the use of their own collateral.”