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Hennessey Capital Takes Its Buyer’s Name: Hitachi Business Finance

ROCHESTER (WWJ) — Hennessey Capital, the local business capital provider purchased by Hitachi Capital America Corp. a year ago, has now changed its name to Hitachi Business Finance.

“This is more than just a new name,” says Mike Semanco, president and COO of the Hitachi Business Finance division. “As we continue to work locally here in Michigan and with our expansion across the country, we are finding that people are excited about the power of Hitachi and the results we can deliver for our clients.”

Hitachi Business Finance offers a variety of financing methods for complex business financing needs, including factoring and revolving lines of credit secured by accounts receivable, inventory and equipment, designed to enhance profitability and strengthen cash flow.

“We are excited to make this change,” adds Semanco. “The strength and size of Hitachi provides us with the flexibility to offer creative lending solutions at more competitive rates. In the end, our goal remains the same — to offer financing solutions to complex business challenges and customize an individual solution to move your business forward.”

Said William H. Besgen, president of Hitachi Capital America: “The Hennessey Capital team has really been team Hitachi for the past year. We felt that now was the right time to make the final transition. The work they’re doing will only be strengthened and enhanced by carrying the Hitachi name across Michigan and the country.”

More at http://www.hitachicapitalamerica.com.

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