Hitachi Business Finance Provides $6MM in New Financing

Hitachi Business Finance recently provided $6 million in financing to four U. S. companies. These transactions included:

  • $3 million to a Midwestern auto supplier experiencing massive growth opportunities, in need of financing to pay off an existing lender and in search of additional working capital
  • $250,000 A/R financing facility to a growing staffing company to finance its new client base
  • $250,000 A/R financing facility to a software communications company
  • $2.5 million line of credit to an automotive distributor

“As the markets and the economy continue to change, we have seen an increased demand for additional financing solutions,” said Jeff Wright, senior vice president and business development officer. “By extending term loans secured by equipment to middle market companies, our clients now have access to yet another avenue of funding that will allow them to positively improve their cash flow.”

“There is no one-size-fits-all solution when it comes to financing,” said Mike Semanco, president and COO. “Just like every company has a different operating history and balance sheet, there are different financing solutions for different companies. As an asset-based lender, I see firsthand how the right loan can make a significant difference to a company’s continuing growth and success.”

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Terry Mulreany
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