ROCHESTER, Mich., May 18, 2017 /PRNewswire/ -- 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.
"We are excited about the traction we are gaining in the syndicated market and expect Tom Bayer, (email@example.com/203-956-3249) as our origination leader for this initiative, to help us continue this momentum," says President and COO Mike Semanco.
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," adds 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."
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.
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SOURCE Hitachi Business Finance