Hitachi Business Finance Witnesses Record Growth in 2017; Provides Nearly $140 Million in Working Capital

Hitachi Business Finance, a source of opportunity for entrepreneurs seeking solutions beyond traditional lending, is celebrating its most successful year yet, having provided $139 million in working capital financing to companies of all sizes across the United States.

The largest area of growth this past year has come from the company’s asset-based lines of credit and new syndication lending solution. With the addition of Tom Bayer, who is spearheading the company’s syndication efforts, and the ongoing contributions of Tim King from Hitachi’s Trade Finance division, Hitachi Business Finance witnessed incredible growth in syndication loan volume. As a non-bank, commercial finance company, Hitachi Business Finance offers syndicated credit hold positions ranging from $5-$25 million.

“2017 was truly a remarkable year for Hitachi Business Finance,” says President and COO Mike Semanco. “With the addition of our new lending product, as well as the opportunity to add experienced staff to the team, we were able to reach different markets and serve new clients. Both of these actions combined to make Hitachi Business Finance a more diversified, stronger company with an increased focus on helping companies of all sizes, from many different industries, grow and be successful.”

Additionally, Hitachi Business Finance continues to serve its core client base of small- to medium-sized businesses with its factoring and ABL line of credit solutions. The company assisted a variety of businesses from the manufacturing, consulting, lending, and staffing industries with their working capital needs. These companies were looking to improve their cash flow, purchase new equipment, hire additional staff, meet seasonal demands, and more.

Semanco adds: “As we kick-off the New Year, we have high expectations for 2018 to surpass the past year’s success. With the work of our highly-talented team, as well as the deep resources of Hitachi, companies in need of additional cash flow will find us to be a solid, steady partner interested in helping them achieve their short- and long-term financial needs.”


About Hitachi Business Finance
Hitachi Business Finance is a source of opportunity and information for entrepreneurs seeking solutions beyond traditional lending. Backed by the global power of Hitachi Ltd., and with more than a decade of proven success, we offer asset-based financing designed to help improve a company’s cash position.

Visit us at www.hitachibusinessfinance.com for more information.

About Hitachi Capital America Corp.
Hitachi Capital America Corp. is an independent, diversified leasing and financial services company providing financing to commercial businesses and other Hitachi companies in the United States. We offer a variety of asset-based financing solutions with a focus on truck, trailer, and floorplan financing; trade financing; medium/small ticket financing; structured financing; vendor financing; and asset-based lending.

Learn more at www.hitachicapitalamerica.com.

Hitachi Business Finance Releases Educational Asset-based Lending Infographic

Hitachi Business Finance, a source of opportunity and information for entrepreneurs seeking solutions beyond traditional lending, has released an infographic that explains the basics of asset-based lending and how it can improve a company’s cash flow.

The infographic is designed to show entrepreneurs, business owners, and trusted advisors how using a company’s own assets – A/R, inventory, and equipment – can help hire additional employees, secure a new contract, purchase equipment, make payroll, and more.

“Asset-based lending offers working capital for companies that may be growing, are highly leveraged, or just need more capital than what their current lender is willing to offer,” says Mike Semanco, president and COO. “Our goal with this piece is to better explain who is best suited for asset-based lending, its benefits, as well as how it works and why it should be used.”

To access the infographic, visit hitachibusinessfinance.com/infographic. To view additional educational pieces crafted by the Hitachi Business Finance team, including case studies, eBooks, guides, and more, visit http://www.hitachibusinessfinance.com/news-resources/.

About Hitachi Business Finance
Hitachi Business Finance is a source of opportunity and information for entrepreneurs seeking solutions beyond traditional lending.

Backed by the global power of Hitachi Ltd., and with more than a decade of proven success, we offer asset-based financing designed to help improve a company’s cash position. More information at www.hitachibusinessfinance.com.

About Hitachi Capital America Corp.
Hitachi Capital America Corp. is an independent, diversified leasing and financial services company providing financing to commercial businesses and other Hitachi companies in the United States. We offer a variety of asset-based financing solutions with a focus on truck, trailer, and floorplan financing; trade financing; medium/small ticket financing; structured financing; vendor financing; and asset-based lending. Learn more at www.hitachicapitalamerica.com.

Troy Chamber of Commerce Appoints Hitachi Business Finance President Mike Semanco to Board of Directors

Hitachi Business Finance announced today that President and COO Mike Semanco has been appointed to the Troy Chamber Board of Directors.

The Troy Chamber exists to help create long-term economic vibrancy, vitality, and stability for Troy’s business community. Representing more than 650 businesses, the Troy Chamber serves as the city’s primary business information resource and helps businesses get connected and stay connected.

“The Troy Chamber of Commerce has long been known for its attention to and respect for the area business community. I am honored to serve on the board and look forward to contributing to the future direction and growth of the organization,” said Semanco.

“I have known Mike for several years and have always appreciated his keen sense of business,” said Chamber President Ara Topouzian. “A true entrepreneur, I look forward to working closer with Mike in moving the Troy Chamber upward and onward.”

About Hitachi Business Finance
Hitachi Business Finance 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. Our solutions include factoring, revolving lines of credit secured by accounts receivable, inventory, and equipment, and government contractor financing. Based in Rochester, Michigan with offices in Atlanta, we provide financing solutions for small to mid-market companies 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.

Hitachi Business Finance Caps Off Successful 2015 With the Addition of Two New Clients

Rochester, MI, Dec. 15, 2015 – As 2015 wraps up, Hitachi Business Finance announced that two additional clients have received working capital assistance from the asset-based lender.

“In just these past few months, we have seen a significant uptick in business,” said President and COO Mike Semanco. “Companies from across the country, in a diverse variety of industries, are seeing their own businesses grow. From increases in contracts to hiring new employees, asset-based lending continues to be an incredibly valuable tool that allows businesses to better improve their operations and balance sheet metrics.”

Of the new clients that recently received funding, the first is a staffing company located in Georgia that was founded in early 2015. They provide pickers, packers, loaders, unloaders, and forklift operators to clients looking for warehouse assistance. With $500,000 in A/R financing from Hitachi Business Finance, the company now has a more comfortable cash flow position and plans to grow through the addition of two new large clients.

Additionally, Hitachi Business Finance was also instrumental in helping a Midwest-based kitchen and bath supplier increase their working capital facility. When their existing bank facility did not meet their needs, Hitachi stepped in and was able to offer more. With a new $500,000 revolving line of credit, the company can continue to focus on their core business and meet the demands of their busy fall and winter season.

“Helping the smaller companies with big growth plans is something that we, as a team, are passionate about,” said Chris Mitchell, regional VP and business development officer. “Being an entrepreneur isn’t easy and we know that. That’s why we work hand-in-hand with growing companies to help them achieve their goals.”

To see Hitachi Business Finance’s 2015 accomplishments and highlights, visit http://hitachibusinessfinance.com/2015-infographic.

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.

Hitachi Business Finance SVP Toby Dahm Receives Distinguished Volunteer Award

Rochester, MI, Dec. 8, 2015 – Hitachi Business Finance today announced that Toby Dahm, senior vice president and ABL portfolio manager, was recently named a 2015 Distinguished Volunteer by the Greater Detroit Chapter of the Association of Fundraising Professionals.

Toby received the “Charismatic” Award by the organization for his passion in helping others, most notably those served by The Salvation Army. For the past eight years, he has served as an Advisory Board member to the Eastern Michigan Division of The Salvation Army, offering up strategic guidance and business advice. He also served two years as a committee member. Additionally, Hitachi Business Finance has supported Toby and The Salvation Army for many years as a corporate sponsor.

In an effort to raise both funds and awareness for the organization’s Bed and Bread program, Toby challenged himself to snowshoe around Belle Isle earlier this year. “The Salvation Army Bed and Bread program feeds, clothes, and provides comfort to 4,300 people in the Detroit area each day. As a board member, I have ridden on the truck and had direct contact with those suffering from severe poverty. This was my opportunity to make a difference.”

He made it around the island three times, which is about 15 miles total. For his efforts, he successfully raised nearly $3,000. This helped provide meals to more than 280 people in need.

“I’m humbled to receive such an honor,” says Toby. “Many years ago, I decided to volunteer my time and efforts to a cause that was making a difference in people’s everyday lives. The time I’ve spent with The Salvation Army has really made an impact on my personal life and makes me even more grateful for my many blessings.”

“Toby has made wonderful contributions to The Salvation Army over the many years he has been involved,” said Major Russ Sjögren, general secretary and metro Detroit area commander for The Salvation Army Eastern Michigan Division. “He is a respected advisor and his support inspires our team on a daily basis.”

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.

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Hitachi Business Finance Continues Strong Fourth Quarter with $8.5 Million in Financing to Five Companies

Rochester, MI, Nov. 10, 2015 – Hitachi Business Finance today announced that five additional companies have received asset-based financing to assist with cash flow and working capital needs in the final quarter of 2015.

Of the deals, Hitachi Business Finance assisted a Midwestern consultant to the retail industry. With the holiday season quickly approaching, the company was looking to increase their working capital to continue their growth. Their previous lender was a community bank that could no longer service their ever-increasing needs, so Hitachi Business Finance was contacted. With a new $2 million revolving line of credit in place, the company is now looking forward to a successful end of the year and beyond.

Hitachi Business Finance was also instrumental in helping a start-up steel manufacturer in Michigan get off the ground and running. As a new company without any financial history, traditional bank financing was not an option. Because the Hitachi team’s strong knowledge of the manufacturing industry and their belief in the management team, the company was able to secure a $500,000 A/R financing facility to meet payroll and provide flexibility as the company continues to grow.

“We continue to see a wide variety of companies taking advantage of asset-based lending,” says Senior Vice President Jeff Wright. “From staffing to manufacturing, companies of all makes and sizes are seeing an increase in business and are in need of additional working capital as we close out 2015. It’s being used as businesses need it – for expansions, hiring new personnel, increasing sales, taking on new orders, and more.”

Additionally, other recent deals include:

  • $5 million lender finance facility to a commercial finance company
  • $500,000 in A/R financing to a consulting firm that provides services to the U.S. government
  • $500,000 in A/R financing to a newly-established staffing company

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.

Hitachi Business Finance Provides $1.75 Million in Financing to Michigan Businesses

Rochester, MI, Oct. 20, 2015 – As the economy in Michigan continues to rebound, Hitachi Business Finance is playing a part by financing two growing companies with accounts receivable funding.

The first company, located in mid-Michigan, provides hunting gear and equipment. With a rapid expansion plan in place for 2016, the company was in need of working capital financing to support such growth. With $1 million in A/R financing from Hitachi Business Finance, new inventory can be purchased, additional staff can be hired, and marketing initiatives can be developed.

The other company manufactures automotive parts both in Michigan and overseas. This company is also expecting significant growth next year, and plans to use their $750,000 in A/R financing to move into a larger facility, as well as pay off their existing lenders.

“We have really noticed a significant uptick in interest locally,” said Jeff Wright, senior VP and business development officer. “Businesses are in growth mode and are aggressively planning for the new year. Asset-based financing is a perfect complement for these companies because as they grow, so does their financing. There’s never a worry about taking that next order or hiring that new employee because the working capital is already in place.”

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.

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.

Hitachi Business Finance Launches New Responsive Website

Rochester, MI, July 10, 2015 – Hitachi Business Finance announced today that it has launched a new responsive website at www.hitachibusinessfinance.com. Accessible from any smartphone or tablet, the site connects current and prospective clients, wherever they may be, with helpful and insightful information relating to Hitachi Business Finance’s cash flow solutions.

The new mobile website allows the company to reach a wider audience, all while its responsive design adapts its display for optimal viewing on any size/resolution screen.

“Today’s user habits speak for themselves in terms of how important being able to access online information is,” said President and COO Mike Semanco. “The future of the web continues to trend towards mobile. Our new responsive site demonstrates our commitment to this growing medium. It’s all about user experience.”
The features on the mobile version mirror the desktop website – including information regarding our easy and flexible financing products and services – and remain accessible through any online browsers.
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.

Hitachi Business Finance Provides $750,000 Line of Credit to Michigan Staffing Firm

Rochester, MI, June 23, 2015 – Hitachi Business Finance today announced a $750,000 asset-based line of credit for a staffing company that provides IT, engineering, accounting and skilled and unskilled corporate staffing.

The company was in need of a new source of funding because they had outgrown their current bank loan and were looking at future expansion plans. With a new line of credit from Hitachi Business Finance, the company now has the working capital they need and are looking forward to securing new clients.

“Bank loans often have limitations on size and flexibility,” said President and COO Mike Semanco. “As is the case with this client, we were able to offer a larger loan with room to grow. That’s one of the primary differences and the benefit of asset-based lending – we can offer more borrowing power because we use your company’s A/R and inventory as collateral rather than just cash flow ratios and personal assets.”

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.

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