Mitsubishi HC Capital America is expanding its transportation division following the company’s integration with ENGS Commercial Finance and Mitsubishi HC Capital America (U.S.A.) on April 1.
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.
Tom Canepa joined ENGS Commercial Finance, a subsidiary of Mitsubishi HC Capital, as vice president of national accounts for sustainable development goals.
ENGS Commercial Finance’s working capital subsidiary, ENGS Commercial Capital, is now offering floor plan financing to qualified dealers and equipment manufacturers.
ENGS Commercial Finance added six new team members to the company’s factoring division, ENGS Commercial Capital.