Agreement offers inventory and retail financing to more than 50 dealerships
Montreal, Quebec—May 24, 2022— Mitsubishi HC Capital Canada announces it has signed an agreement with a major construction equipment manufacturer to provide inventory financing for heavy excavators to more than 10 distributors operating in all Canadian provinces, and 40 distributors in the United States. The agreement also includes retail financing for the dealers’ end-users. The potential value of financing in the first year of the agreement is estimated at up to US$25 million.
“We are excited about this partnership because our two organizations share a similar company culture of emphasizing a personal approach in our customer relationships,” says Félix Beauregard, Vice President – Inventory Finance, Mitsubishi HC Capital Canada. “Our focus on the relational level means we provide a high level of service that our customers won’t find anywhere else.”
Mitsubishi HC Capital Canada works collaboratively to understand dealers’ needs, and unlike many finance companies, provides out-of-the-box, customized solutions with rapid response times. The company serves as a one-stop shop throughout the process from purchase through the disposition of the equipment. Mitsubishi HC Capital Canada also offers an equipment rental solution, which is currently unavailable from other equipment finance companies.
“We’ve built a reputation for high quality customer service in the construction equipment sector,” adds Beauregard. “I’m proud of the fact that we have dealers that we’ve been working with over the years who value our service and requested to the manufacturer that we be added as a financing partner.”
Mitsubishi HC Capital Canada also specializes in inventory and retail financing for the transportation, materials handling, agriculture and utility industries.
About Mitsubishi HC Capital Canada
Mitsubishi HC Capital Canada 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 manufacturing, construction, work trucks/transportation, IT, staffing, healthcare and clean technology/mobility. We are committed to the United Nations Sustainable Development Goals to improve the communities where we operate. Visit https://www.mhccna.com/en-ca/
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