Mitsubishi HC Capital America, a non-bank, non-captive finance provider in North America, is strengthening its working capital team with the appointment of Lawrence “Larry” Ridgway as senior business development director, business finance.

Ridgway will be spearheading the origination and structuring of asset-based lines of credit, collaborating with referral partners and serving as a vital resource for business owners and trusted advisors for the company.

“Larry brings a depth of knowledge and a proven track record in asset-based lending that aligns perfectly with our strategic goals,” Mike Semanco, president and chief operating officer of the business finance division at Mitsubishi HC Capital America, said. “He’s honed his sales origination and leadership skills over the years and as we further develop our business development strategy and team, Larry’s skillset will be instrumental.”

“I am thrilled to join Mitsubishi HC Capital America and contribute to its continued success,” Ridgway said. “The opportunity to work with such a dynamic team and help further shape our asset-based lending is both exciting and rewarding. I look forward to leveraging my experience to enhance our custom lending solutions and support the evolution of our sales team.”

Previously, Ridgway served as co-founder, chief operating officer and head of portfolio and operations at Legacy Corporate Lending. He has also held significant roles at GE Capital, Citizens Bank and U.S. Bank, including senior vice president positions in corporate banking and asset-based lending. Ridgway holds a bachelor of business administration in finance from Northeastern University, Boston, MA and is a Chartered Financial Analyst (CFA) certified by the CFA Institute.