Hitachi Capital America Corp. (HCA) announced its Medium & Small Ticket Finance (MST) group joined the Hitachi Capital America Vendor Services (HCA Vendor Services) division. In keeping with the enhanced services and client facing capabilities realized through this combination, MST has changed its name to Funding and Portfolio Services (FPS).
HCA Funding and Portfolio Services focuses on:
- Third-party funding services and programs, with per-transaction financing for flow relationships typically ranging from $15,000 to $1 million and capacity for larger ticket sizes;
- Acquisitions of capital equipment and software financing portfolios;
- Portfolio servicing, credit reviews, documentation and private label invoicing; and
- Warehouse lines and individual transaction funding.
Don Link will be leading HCA Funding and Portfolio Services. Link has been with HCA for 15 years and has grown the MST group to where it is today.
"We are eager to begin working as the Funding and Portfolio Services channel, offering more financing products and capabilities to our current partners and the overall marketplace," Link said.
All new business going forward will be originated and funded through HCA Vendor Services.
"This transition is a way for HCA to unify efforts and leverage the robust ‘flow’-oriented platform at HCA Vendor Services," said Mark Duncan, EVP and GM of HCA Commercial Finance.
"Our team has done an outstanding job at integrating the Medium & Small Ticket business within a short period of time," said Jim Teal, President and COO of HCA Vendor Services. "We are excited to launch this new channel and continue to grow our business."