Hennessey Capital Adds Equipment Financing to its Suite of Products
ROCHESTER — Hennessey Capital, a division of Hitachi Capital America Corp., Thursday announced that it is offering equipment financing to complement its traditional revolving lines of credit.
“Our new partnership with Hitachi Capital America Corp. has not only given us the ability to provide larger loans at more competitive rates, but it has opened the door for us to add equipment to the list of assets we lend on,” said Hennessey Capital division president and CEO Mike Semanco. “By offering equipment financing, our asset-based lending clients now have access to yet another avenue of funding that will allow them to positively improve their cash flow.”
For more information, visit www.hennesseycap.com or call (248) 658-1100.
Hennessey Capital provides revolving lines of credit secured by accounts receivable, inventory, and equipment along with factoring of accounts receivable for small- and middle-market companies across the United States. Facilities range from initial invoicing to $5 million and beyond and are used as primary loan facilities, for restructuring current debt, and funding seasonal or incremental sales growth.
Hitachi Capital America Corp. is an independent, diversified leasing and financial services company providing financing to Hitachi group companies and the commercial business sector in the United States and Canada. We offer a variety of asset-based financing solutions with our business focus on truck finance, vendor finance, trade finance, medical equipment finance, lease discounting and software financing.