Mark Simshauser joined Hitachi Business Finance’s business development team, concentrating his efforts on attracting new factoring and asset-based lending clients across the United States.

Simshauser is based in the New York region and is responsible for connecting with business owners and advisors and communicating the financing options offered by Hitachi Business Finance.

“Hitachi’s strong brand recognition and their unique ability to provide proven speed and certainty sets them apart from others,” Simshauser said. “Joining such a trusted, established and experienced team that consistently works to help clients create and manage sustainable growth is attractive because I can be confident that our clients will always receive our utmost attention and support.”

Simshauser most recently worked at CBC Business Credit and Triumph Commercial Finance, where he served as a Northeast regional manager for the past five years by developing and managing a national asset-based and factoring loan portfolio. Prior to Triumph, Simshauser held vice president positions with various asset-based lenders across the United States with emphasis on smaller, middle-market borrowers.

“Mark is an exciting new addition to our team,” Mike Semanco, president and chief operating officer of Hitachi Business Finance, said. “He brings extensive experience in asset-based lending and factoring and his deep-rooted relationships in corporate refinancings, restructurings and turnaround situations will prove to be instrumental as we continue growing our business,”

Hitachi Business Finance offers asset-based financing designed to help improve a company’s cash position.