Worthington, OH, November 29, 2022 – Specialty finance provider Mitsubishi HC Capital America announced today that it has entered into a $20 million facility to provide supply chain financing for an IT value-added reseller (VAR) serving the life sciences sector. With the VAR’s end customer requiring a sales cycle that could extend as long as two years, the VAR needed a stable source of working capital to ensure that the highly specialized technology can be identified, purchased and delivered via a customer roll out schedule.

“This supply chain solution is a perfect example of Mitsubishi HC Capital America’s unique ability to develop flexible solutions that solve the customer’s needs,” said Steve Weislogel, Chief Operating Officer, Technology Finance. “Our focus on end-customer credit risk allows us to provide financing throughout the supply chain without personal guarantees, line caps or covenants that traditional bank lenders require. That’s an incredibly attractive value proposition for prospective customers.”

The company’s purchase order financing, lines of credit, long-term financing, and multi-year contracts with monthly, quarterly or annual payments allow practically unlimited ability for company growth, and enable clients to offer extended terms to their customers.

About Mitsubishi HC Capital America
Mitsubishi HC Capital America is a specialty finance company that brings a consultative approach and expertise to customers of all sizes to help their businesses grow every day. Serving as a collaborative partner, we provide customized financing solutions for a wide range of industries, including work trucks/transportation, clean technology/mobility, manufacturing, construction, IT, staffing and healthcare. We are committed to the United Nations Sustainable Development Goals to improve the communities where we operate. Visit https://www.mhccna.com/en-us