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Hitachi Business Finance Provides $250,000 in Accounts Receivable Financing to Midwest Sporting Goods Company

Rochester, MI, July 17, 2015 – Hitachi Business Finance today announced $250,000 in accounts receivable financing for an outdoor sporting goods company.

The company has only been in operation for a year, and was in need of additional cash flow to purchase more inventory. With a new source of financing in place, the company is now in the position to work with overseas vendors and continue growing their profitable business.

“This particular company has a very limited operating history and was in need of extra working capital,” said Mike Semanco, president and COO. “Their lack of time in business prevents them from obtaining a traditional bank loan. Fortunately, they have a solid customer base and could easily take advantage of our A/R financing. This particular form of funding allows a company to sell their outstanding invoices to us, and we advance 80-90 percent of the value in less than 24 hours. The quick turnaround on cash flow is vital to a growing business and one of the greatest advantages to A/R financing.”

For more information, visit www.hitachibusinessfinance.com.

About Hitachi Business Finance
Hitachi Business Finance provides business cash flow solutions to support a company’s continued growth and success. A division of Hitachi Capital America Corp., we offer commercial and government A/R financing and lines of credit. Based in Rochester, Michigan, with an office in Atlanta, we provide easy and flexible financing to companies of all sizes across the United States. Learn more by visiting www.hitachibusinessfinance.com or calling (248) 658-1100.

About Hitachi Capital America Corp.
Hitachi Capital America Corp. is an independent, diversified leasing and financial services company providing financing to Hitachi group companies and the commercial business sector in the United States and Canada. Hitachi Capital America offers a variety of asset-based financing solutions with a business focus on truck, vendor, trade, and medical equipment finance, as well as lease discounting and software financing. Learn more at www.hitachicapitalamerica.com.