Hennessey Capital Joins Business Improvement Team

BLOOMFIELD HILLS — The Business Improvement Team, a consortium of independent consulting firms, Friday announced its affiliation with Hennessey Capital, a division of Hitachi Capital America Corp.

Hennessey Capital helps clients improve cash flow to fuel new sales and profitability by providing accounts receivable financing and revolving lines of credit to provide up to $5 million and beyond.

Said Joe Romeo, senior business development officer: “Sharing our financial wisdom and expertise is something we’re passionate about, and our work with the BIT allows us an additional avenue to assist growing companies across Southeast Michigan.”

The Business Improvement Team (www.BizImpTeam.com) is an interdisciplinary network of providers of consulting services to all types of organizations.

Hennessey Capital (www.hennesseycap.com) is a division of Hitachi Capital America Corp. and provides revolving lines of credit secured by accounts receivable and inventory, along with factoring of accounts receivable for small- and mid-size companies across the United States. Facilities range from initial invoicing to $5 million and beyond and are used primarily as loan facilities, restructuring current debt, or funding spot or incremental needs.

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