Mitsubishi HC Capital America Enhances Commercial Finance Capabilities

Mitsubishi HC Capital America is expanding the depth and scope of its commercial finance solutions to fully encompass both the front and back end of the enterprise value chain.

With the recent integration of Mitsubishi HC Capital America, ENGS Commercial Finance and Mitsubishi HC Capital (U.S.A.) now complete, the overall company’s commercial finance group is set up to meet the array of needs for its customers with services aimed at suppliers, manufacturers, distributors, dealers/resellers and end-users.

“With more than $7.5 billion in owned and managed assets, Mitsubishi HC Capital America is well-positioned to increase its market share in corporate finance,” Craig Weinewuth, president and CEO of Mitsubishi HC Capital America, said. “Our expanded resources come at a critical time for our customers considering current economic conditions. The experience and expertise of our team married with our stable and flexible capital platform makes our organization an attractive funding partner for companies throughout North America.”

Brian Rosa, previously managing director at Mitsubishi HC Capital (U.S.A.), is leading Mitsubishi HC Capital America’s commercial finance group, which is broken down into the following specialties:

• Business finance, which is led by Mike Semanco and provides asset-based lines of credit and syndicated loans.

• Working capital, which is run by Tania Daniel and offers factoring facilities and ledgered lines of credit

• Structured finance and leasing, which is led by Chris Pagano and offers a variety of solutions, including project financing to FMV/operating leases and pay-per-use contracts

• Trade finance, which is spearheaded by Richard Coasby and offers large enterprise payables and receivables financing

• Technology finance, which Pagano will also oversee and which will offer neutral financing designed specifically for solution providers

• Capital markets, which will be led by Corinne Seton and be primarily engaged in buy side activities

Rosa explained that the commercial finance division will provide corporate financing capabilities in various markets cross the United States while having the ability to work cross-border with colleagues in Canada.

“With our lending capabilities through Mitsubishi HC Capital Canada, we can offer inclusive, comprehensive financing for customers operating in either or both countries and grow their organizations faster and more effectively,” Rosa said.

“We are uniquely situated to grow our relationships with U.S. and Canadian borrowers and lessees as well as with our technology and financial institution partners,” Weinewuth said. “Our clients understand that we will be there as a long-term, trusted partner.”