Hitachi Business Finance announced a Georgia-based staffing company and a Midwest-based kitchen and bath supplier 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.”

The Georgia-based company provides 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.

When the Midwest-based company’s existing bank facility did not meet its needs, Hitachi stepped in and was able to offer a new $500,000 revolving line of credit.

Rochester, MI-based Hitachi Business Finance, a division of Hitachi Capital America, offers commercial and government A/R financing and lines of credit.

Hitachi Capital America is an independent, diversified leasing and financial services company providing financing to Hitachi group companies and the commercial business sector in the U.S. and Canada.