Mitsubishi HC Capital America entered into a $20 million facility to provide supply chain financing for an IT value-added reseller (VAR) serving the life sciences sector.
With the VAR’s end customers requiring a sales cycle that could extend as long as two years, the VAR needed a stable source of working capital to ensure that its highly specialized technology can be identified, purchased and delivered via a customer roll out schedule.
“This supply chain solution is a perfect example of Mitsubishi HC Capital America’s unique ability to develop flexible solutions that solve the customer’s needs,” Steve Weislogel, chief operating officer of technology finance at Mitsubishi HC Capital America, said. “Our focus on end-customer credit risk allows us to provide financing throughout the supply chain without personal guarantees, line caps or covenants that traditional bank lenders require. That’s an incredibly attractive value proposition for prospective customers.”
