Hitachi Capital America’s trade finance team will be expanding to Mexico and continuing its growth in its trade finance portfolio.
Mexican companies seeking liquidity and balance sheet improvement will be able to take advantage of HCA’s true-sale A/R purchase programs.
“We see the Mexican market as a significant source of opportunity,” said Tim King, executive director of Trade Finance. “The GDP is growing, there’s increased activity in the service sector, and companies are making solid advances in a variety of growing industries.”
HCA’s trade finance team finished out its 2017 fiscal year (ending March 31) with more than $3 billion in purchases. The first quarter of fiscal year 2018 has had more than $1 billion of purchases.
