Hitachi Business Finance today announced that Mark Simshauser has joined their business development team, concentrating his efforts on attracting new factoring and asset-based lending clients across the United States.

Simshauser is based in the New York region and is responsible for connecting with business owners and trusted advisors and communicating the variety of flexible financing options offered by Hitachi Business Finance. He will act as a resource to help determine the most effective means to accessing capital for growing businesses.

“Mark is an exciting new addition to our team. He brings extensive experience in asset-based lending and factoring and his deep-rooted relationships in corporate refinancings, restructurings and turnaround situations will prove to be instrumental as we continue growing our business,” states Mike Semanco, Hitachi Business Finance president and COO.

“Hitachi’s strong brand recognition and their unique ability to provide proven speed and certainty sets them apart from others,” says Simshauser. “Joining such a trusted, established, and experienced team that consistently works to help clients create and manage sustainable growth is attractive because I can be confident that our clients will always receive our utmost attention and support.”  

Simshauser most recently worked at CBC Business Credit and Triumph Commercial Finance, where he served as a Northeast regional manager for the past five years developing and managing a successful national asset-based and factoring loan portfolio. Prior to Triumph, Mark held vice president positions with various asset-based lenders across the United States with emphasis on smaller, middle-market borrowers.

Mark can be reached at msimshauser@hitachibusinessfinance.com or (516) 660-4501.

About Hitachi Business Finance

Hitachi Business Finance is a source of opportunity and information for entrepreneurs seeking solutions beyond traditional lending. Backed by the global power of Hitachi Ltd., and with more than a decade of proven success, we offer asset-based financing designed to help improve a company’s cash position.

Visit us at www.hitachibusinessfinance.com for more information.