Mitsubishi HC Capital America’s technology finance team achieved company record results for fiscal year 2021, ending March 31, 2022. Offering supply chain financing to value-added resellers (VARs) specifically in the technology industry, the team achieved 40% customer volume growth.
“Whether it’s a piece of IT equipment or software and services, our customers find that partnering with a non-bank alternative for supply chain financing is an attractive option in an environment where traditional lenders may be tightening credit capacity and terms,” Steve Weislogel, chief operating officer of Mitsubishi HC Capital America’s technology finance team, said. “Our transformative solution offers a cost effective, vendor-neutral approach that allows clients to maintain control over critical relationships while we operate as a ‘behind-the-scenes’ partner. Our latest success proves that clients continue to find significant value in our solution.”
“Most recently, our industry focus has expanded to include EV charging stations, healthcare technology and certain industrial assets. Looking forward, our team is positioned for continued growth,” Paul Stemler, division president for Mitsubishi, said. “Technology of all types evolves rapidly, so there’s a built-in lifecycle that needs refreshing. In an environment with uncertain interest rates, the flexibility we are able to provide creates greater opportunities for both our clients and us.”
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