Hitachi Business Finance Completes Three Transactions Totaling $4.5 Million

Hitachi Business Finance, a division of Hitachi Capital America Corp. and a leader in easy and flexible financing for growing companies, recently provided $4.5 million to three growing U.S. companies seeking working capital solutions.

Of the new clients that received financing, the first offers energy saving solutions that work alongside traditional building insulation. Located in the Southern U.S., the company is growing rapidly and in need of financing to support cash requirements caused by a surge in new business. With a base of strong credit-worthy customers, the firm leveraged their accounts receivable with a $3.5 million factoring facility from Hitachi Business Finance. Now armed with a stronger cash flow position, the company can secure additional customers and provide continued support to its existing clients.

“When a company is growing rapidly but has a limited operating history, A/R financing offers the perfect solution,” says Regional Vice President and Business Development Officer Chris Mitchell. “This company now has additional cash on hand and can pursue lucrative contracts that will allow the company to expand to its fullest potential.”

The other client is an engineering firm located in Michigan. After seeing balance sheet losses over the past few years, the company was in need of an injection of cash flow to become profitable again. After meeting with a financing consultant, it was decided that a $750,000 A/R financing facility from Hitachi Business Finance was the best course of action to secure additional working capital.
“We see this situation quite frequently – a company’s balance sheet will be upside down for a few years, but there’s a plan in place to become profitable again. This particular company has a very strong management team that has the tools to make the plan work,” says President and COO Mike Semanco. “One of the benefits of asset-based lending is that because we’re lending against A/R, inventory and equipment, we can look beyond the balance sheet and take a deeper look into the company’s management team and determine if the skill set is there to succeed.”

The third company to receive financing is a small automotive and aerospace consulting firm that conducts business with the U.S. Department of Defense. With a factoring facility of $250,000, the company can compete for additional contracts and has a more comfortable cash flow position.

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 Expands to the Northeast; Hires Thomas Bayer as Origination Leader

Hitachi Business Finance announces that Thomas Bayer has joined their team as an Origination Leader. Bayer will concentrate his efforts on asset-based lending and syndicated credit deals locally in the Northeast region and across the United States.

“Tom is a great addition to our team. He has an extensive background in the banking industry that will prove to be instrumental as we work to bring awareness to the Hitachi Business Finance name in the Northeast,” states Mike Semanco, president and COO.

In his role, Bayer is responsible for managing and expanding relationships with financial institutions, regional banks, and other lending institutions in syndicated transactions, with typical hold positions ranging from $5 – $25 million. Additionally, he will be working with entrepreneurial business owners looking for asset-based financing solutions.

The addition of Bayer furthers the company’s plans to expand its senior-secured financing capabilities. As an alternative to traditional lending institutions, Hitachi Business Finance provides flexible cash solutions including factoring, asset-based lines of credit, lender finance, and syndicated credit opportunities.

Bayer represents Hitachi Business Finance, which is part of the Commercial Finance division of Hitachi Capital America Corp. (HCA). He is based in HCA’s Norwalk, CT corporate headquarters and can be reached at tbayer@hitachibusinessfinance.com or (203) 956-3249.

He brings more than 30 years of experience in asset-based lending with growing companies. Most recently, he was with UBS Investment Bank, where he served as an Executive Director. Bayer also worked at Royal Bank of Scotland Business Capital and Webster Business Credit Corporation. Bayer has a Bachelor of Science in accounting from New York University.

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.

“Business Financing 101: How the Lending Industry is Transforming” released by Hitachi Business Finance

As rumors of a tightening credit market and rate increases dominate the headlines, key lenders from Hitachi Business Finance offer up their insight and advice to businesses in their new guide “Business Financing 101: How the Lending Industry is Transforming.”

Recent data from the Federal Reserve show that U.S. banks, after mostly loosening lending standards for commercial loans and small firms both during and after the Great Recession, have been tightening their standards, with the trend accelerating for the past year.

Where does this leave businesses that need money to grow? What about those new orders that need to be filled? Or the new employees that need to be hired or that piece of equipment that needs to be purchased?

That’s where finance industry veterans Mike Semanco and Jeff Wright come in. Semanco is President and COO of Hitachi Business Finance, while Wright is a Senior Vice President. Each offers their take on the lending industry in “Business Financing 101: How the Lending Industry is Transforming” – the challenges small businesses face, the effects of banking regulations, the outlook of the industry, and more.

Get the guide by visiting www.hitachibusinessfinance.com

“Entrepreneurs consistently state that access to funding is one of their biggest barriers to growth,” says Semanco. “This guide provides the answers to questions we hear most often, as well as the other lending options available to small- to medium-size businesses.”

“The financing industry has always been cyclical,” adds Wright. “But how can a company ride out the cycles? We offer our insight in an effort to help business owners secure the growth capital they need to succeed.”

Mike Semanco has helped hundreds of companies obtain financing and has also coached and educated entrepreneurs on financing products and structures that best fit their needs. He has written several industry articles and participates in many panel discussions on business financing and strategies. The U.S. Small Business Administration named him a Michigan Financial Services Champion and Crain’s Detroit Business inducted him into their 40 Under 40 class.

Jeff Wright has helped finance numerous companies throughout his 30 plus years in the industry. He focuses on the Midwest region of the country, mainly covering Michigan and Indiana. He is involved with many professional and civic activities including the International Factoring Association, Turnaround Management Association, and the Association for Corporate Growth.

To receive the complimentary guide, visit www.hitachibusinessfinance.com.

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.