Daily News: December 17, 2014

Hitachi Business Finance Ends Year on Strong Note

Hitachi Business Finance announced that 2014 proved to be another strong year with the addition of new offices and a record number of new clients.

Earlier this year, Hitachi Business Finance launched a government receivables division in Washington, D.C., to provide working capital to businesses that provide goods and services to federal agencies and local governments or those who work as subcontractors to large government prime contractors. Additionally, a new office in Atlanta is focusing on the improving business climate in the southeast U.S.

With the addition of these new offices and team members, Hitachi Business Finance is able to assist more companies in their efforts to launch new products, expand operations, hire additional staff, and more. Most recently, Hitachi Business Finance financed a $1 million ABL facility to a manufacturer in Ohio and a $1 million factoring facility to sorting and quality services facility in Michigan. Both companies plan to use the funding to pursue new business opportunities.

“This past year has been one of great growth for our company,” said President and COO Mike Semanco. “We welcomed new staff members, opened new offices, and forged new partnerships that allowed us to reach different markets and serve new clients. Each of these actions combined make Hitachi Business Finance a stronger company with a laser focus on helping small- to mid-size companies grow and be successful. Our growth this year is attributable to our team’s expertise in helping companies with their working capital needs. As the economy continues to improve and we move into 2015, we will capitalize on our mission of being a solutions provider to growing companies.”