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Mitsubishi HC Capital America Closes Inventory Finance Deals Valued at $400MM

August 23, 2023, 07:10 AM
Filed Under: Inventory Finance

Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, recently closed two inventory finance transactions, totaling $400 million, to separate specialty vehicle partners to boost their purchasing power and enhance liquidity.

Mitsubishi HC Capital America has worked with the one long-standing customer for 12 years, said Gary Furnas, the company’s Vice President and General Manager, Inventory Finance. “The relationship and trust we have developed with each other over time speaks to the ability of both the customer and our company to execute such a strong and mutually beneficial contract.”

The other transaction provides an increase to an existing line of credit for a specialty upfitter, who plans to use the funds to acquire van chassis that customers upfit and then sell to their end-user customers. “Demand for these specialty vehicles continues to grow rapidly,” stated Furnas. “We always work to bring value to our customers and make it as easy as possible to understand and be successful in the commercial truck market. Our consultative approach is a tremendous value-add as we work to create a collaborative, customized financing solution that helps generate business growth opportunities.”

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