Mitsubishi HC Capital America is expanding the depth and scope of its commercial finance solutions to fully encompass both the front and back end of the enterprise value chain.
Mitsubishi HC Capital America has dedicated additional resources aimed at helping clients meet their own clean energy goals through its integrated sustainable development group, which has team members based across the United States and Canada.
Mitsubishi HC Capital America and its subsidiary Mitsubishi HC Capital Canada, as well as Mitsubishi HC Capital (U.S.A.) and ENGS Commercial Finance, merged to create a North American non-bank, non-captive finance provider with more than $7.5 billion in owned and managed assets.
The Lion Electric Company, a manufacturer of all-electric medium- and heavy-duty vehicles, entered into an agreement with Mitsubishi HC Capital Canada and ENGS Commercial Finance to provide financing solutions to Lion Electric school bus and truck customers.
In 2021, ENGS Commercial Finance set company records in originations and portfolio growth, originating more than $850 million of leases and loans, while ENGS Commercial Capital purchased more than $350 million of invoices.
ENGS Commercial Finance entered into an agreement to sell all shares of ENGS to Mitsubishi UFJ Lease & Finance Company.