Hitachi Capital America Introduces Unique Trade Finance Solutions for Mexico; Sees Significant Success in FY18
NORWALK, Conn.--(BUSINESS WIRE)--May 21, 2019--
Hitachi Capital America (HCA), a leading specialty finance company focusing on commercial loans and leases, is expanding its suite of working capital solutions in the Mexican marketplace, all while having witnessed a substantial growth of 30% in its trade finance portfolio in the past fiscal year.
Mexican companies seeking improvement in cash liquidity, sales, and procurement can now take advantage of HCA’s receivable, payable, and inventory solutions. These work on both sides of a balance sheet, can be extended down supply chains, and are most often non-recourse.
“We are excited to bring new financial solutions to the Mexican marketplace that are accessible to companies of all sizes through local partners, platforms, and fintech firms,” says Tim King, Executive Director of HCA’s Trade Finance. “These platforms provide a valuable service to their constituents by enabling companies to increase their liquidity while improving DSO, DPO, and DIO.”
“Our trade finance team prides itself on offering customized solutions and top-notch service,” says King. “Our team has spent a significant amount of time and resources learning and understanding the Mexican marketplace. We’re confident we have the distinct skillset and knowledge to help both SMEs and large corporations with their working capital needs. These new solutions – designed specifically for companies operating in Mexico – extend our current approach of joining partners together to provide clients with the highest possible value.”
About Hitachi Capital America Corp.
Hitachi Capital America Corp. is an independent, diversified leasing and financial services company providing financing to commercial businesses and other Hitachi companies in the United States. We offer a variety of senior secured financing solutions with a focus on commercial transportation financing; trade financing; funding and portfolio services; structured, vendor, and technology financing; and asset-based lending. Learn more at www.hitachicapitalamerica.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190521005568/en/
CONTACT: Katie Mullin
Hitachi Capital America Corp.
KEYWORD: UNITED STATES MEXICO NORTH AMERICA CENTRAL AMERICA SOUTH AMERICA CONNECTICUT
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING OTHER MANUFACTURING PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Hitachi Capital America Corp.
Copyright Business Wire 2019.
PUB: 05/21/2019 09:06 AM/DISC: 05/21/2019 09:06 AM