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 Enters Syndication Market; Provides $65 Million in Financing

Hitachi Business Finance, a division of Hitachi Capital America Corp., has expanded its financing solutions to include syndicated lending and in the past quarter, provided $65 million to three U.S. companies.

Hitachi Business Finance offers hold positions that range from $5-$25 million and potentially higher depending on the transaction. Proceeds are used for working capital (A/R and inventory), equipment/capex and growth capital, acquisition, turnaround, and recapitalization financing. As a non-bank, non-traditional commercial finance company, syndication partners and clients both benefit from competitive pricing, a non-regulated environment, industry knowledge, and turnaround times. Collaboration partners include regional and national banks, specialty finance companies, and equity sponsors.

“While we may be new to the market, we have the experience and resources to be a viable partner to fellow lenders,” says President and COO Mike Semanco. “Hitachi Capital is a non-regulated financing source with a strong capital position. Expanding our senior-secured financing capabilities will allow us to gain additional market share beyond our current capabilities of factoring and direct ABL lines of credit. We are excited about the traction we are gaining in the syndicated market and expect Tom Bayer, as our origination leader for this initiative, to help us continue this momentum.”

To reach Tom directly, contact him at tbayer@hitachibusinessfinance.com or (203) 956-3249.

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 and Canada. 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 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.

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’s Mike Semanco to Speak at “Customers to Cash” event at Lawrence Technological University

Rochester, MI, Oct. 13, 2015 – Hitachi Business Finance President and COO Mike Semanco will speak at Lawrence Technological University’s upcoming “Customers to Cash” event on Wednesday, October 21st from 5-7pm at the Buell Management Building at LTU.

Semanco, a well-known local expert in business financing, will speak to participants of the program about the many phases of business growth and the various funding and finance options available.

The Customers to Cash program is a results-oriented, customer-driven business mentoring program that helps innovators, entrepreneurs, engineers, tinkerers, and companies advance new product ideas and establish new commercial opportunities. Taking place on Saturday mornings, the program coaches and mentors each participant with a focus on determining if the product or service solves an important customer need or problem, and if it is desired by enough customers to be profitable.

“As an entrepreneur myself, I always enjoy giving back to those that are developing their business idea into a sustainable venture,” says Semanco. “There’s so much to figure out and understand when it’s your own company. This program offers an opportunity to work side-by-side with experienced business owners who have not only successes to share, but also lessons learned along the way.”

For more information on C2C, visit www.ltu.edu/c2c.

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.

Advancing Macomb Appoints Hitachi Business Finance President Mike Semanco to Board of Directors

Rochester, MI, April 30, 2015 – Hitachi Business Finance announced today that President and COO Mike Semanco has been appointed to the Board of Directors for Advancing Macomb.

After learning of organizations like Grand Action in Grand Rapids and the Detroit Downtown Partnership, Advancing Macomb was formed by local Macomb leaders at the suggestion of County Executive Mark Hackel. Its mission is to drive community and economic development for the county, as well as providing a unified voice for Macomb’s corporate, institutional, non-profit, and public community. Advancing Macomb recently announced the appointment of Melissa Roy as its Executive Director, and includes board members such as David Girodat of Fifth Third Bank, Steve Kurmas of DTE Energy, Marie Alexander of Ford Motor Co., and others.

“I’m honored to be involved in such a worthwhile organization,” says Semanco. “I call Macomb County home, and I’m excited to be able to give back to the community where my family lives, learns, and works.”

“I am delighted to welcome Mike to our board of directors,” says Roy. “I have known him for many years, and have continually been impressed with his leadership skills and look forward to working alongside him and the other board members as we work to enhance the business climate and quality of life in Macomb County.”

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.