Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, has designed a flexible financing solution to a growing transportation solutions provider to expand its physical presence across Canada and maximize its working capital.

Located in western Canada, the trucking company was looking for an innovative and responsive financing provider to deliver a floorplan facility that would meet the needs and demands of their newly established business. After meeting with the client and further understanding their business model and the reasons traditional bank financing wasn’t an option, the Mitsubishi HC Capital Canada team designed a $15 million CAD solution that would rely on the credit strength of the parent company in the United States.

“Our recent integration with ENGS Commercial Finance and Mitsubishi HC Capital (U.S.A.) has created a unique and competitive value proposition that’s unmatched in the industry,” said François Nantel, Mitsubishi HC Capital Canada President. “With our enhanced cross-border capabilities, we’re working even more collaboratively with our teams in the United States to provide customized financing solutions to companies operating either country.”

Nantel continued, “With fully staffed offices in both the United States and Canada consisting of credit, operations and sales leaders and executives, Mitsubishi HC Capital Canada is an expert in understanding market dynamics, local laws and regulations. When a company needs to look beyond a traditional bank – like this client – and has other avenues to support the transaction, our team can develop and implement customized financing programs quickly and efficiently.”

Now that the floorplan facility is in place, the client has been able to maximize their working capital to further advance their growth strategy and product offerings. Most notably, the client has expanded beyond its initial office with a second in operation and plans for an additional three locations throughout Canada.

Mitsubishi HC Capital Canada maintains that the connectivity between their offices in the United States and Canada is a true advantage. With 15 physical offices scattered across both countries and a strong presence in every Canadian province, the company is perfectly situated to assist commercial businesses on either side of the border with bi-lingual sales and credit teams.

“We provide complete and comprehensive financing for our clients regardless of their geographic location. With this particular client, our team determined the best structure to meet both their immediate and long-term needs. Not many financing companies in either the United States or Canada can use collateral from different countries to underwrite a facility,” Nantel added.