Hitachi Business Finance announced that five additional companies have received asset-based financing to assist with cash flow and working capital needs in the final quarter of 2015.
Of the deals, Hitachi Business Finance assisted a Midwestern consultant to the retail industry, providing it with a new $2 million revolving line of credit, as well as a start-up steel manufacturer in Michigan, securing it $500,000 A/R financing facility.
“We continue to see a wide variety of companies taking advantage of asset-based lending,” says senior vice president Jeff Wright. “From staffing to manufacturing, companies of all makes and sizes are seeing an increase in business and are in need of additional working capital as we close out 2015. It’s being used as businesses need it – for expansions, hiring new personnel, increasing sales, taking on new orders, and more.”
Additionally, other recent deals include:
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