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Hitachi Business Finance Ends 2014 on Strong Note

December 17, 2014, 07:22 AM
Filed Under: Industry News

Hitachi Business Finance, a division of Hitachi Capital America Corp., announced that 2014 proved to be another stellar year with the addition of new offices and a record number of new clients.

“This past year has been one of great growth for our company,” said President and COO Mike Semanco. “We welcomed new staff members, opened new offices, and forged new partnerships that allowed us to reach different markets and serve new clients. Each of these actions combined make Hitachi Business Finance a stronger company with a laser focus on helping small- to mid-size companies grow and be successful.”

Earlier this year, Hitachi Business Finance launched a government receivables division in Washington, D.C. The goal is to provide working capital to businesses that provide goods and services to federal agencies and local governments or those who work as subcontractors to large government prime contractors. Additionally, a new office was also opened in Atlanta to focus geographically on the improving business climate in the southeast U.S.

With the addition of these new offices and team members, Hitachi Business Finance is able to assist more companies in their efforts to launch new products, expand operations, hire additional staff, and more. Most recently, Hitachi Business Finance financed a $1 million asset-based lending facility to a manufacturer in Ohio and a $1 million factoring facility to sorting and quality services facility in Michigan. Both companies plan to use the funding to pursue new business opportunities.

Semanco adds: “Our growth this year is attributable to our team’s expertise in helping companies with their working capital needs. As the economy continues to improve and we move into 2015, we will capitalize on our mission of being a solutions provider to growing companies.”

Hitachi Business Finance (formerly Hennessey Capital) is a division of Hitachi Capital America Corp. and provides customized, flexible financing solutions for companies looking for creative options to grow and sustain their businesses. Solutions include factoring, revolving lines of credit secured by accounts receivable, inventory, and equipment, and government receivables financing.

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