Hitachi Capital America announced that its newly-formed trade finance division funded more than $1.4 billion through December 31, 2015 and plans to fund more than a total of $2 billion in its fiscal year ending March 31, 2016.

Hitachi Capital America offers true sale receivables purchase, payables finance facilities, and inventory procurement services through its trade finance division. Headed by industry veteran Tom Cross, Hitachi works with companies around the world with between $100 million and $5 billion in sales that seek incremental liquidity and/or improvement in various balance sheet and operating metrics.

“2015 proved to be a very successful year,” said Cross. “As we enter into this New Year, we have high expectations and look forward to helping companies improve their liquidity, balance sheet, sales, and trading relationships.”

Hitachi Capital America Corp. is an independent, diversified leasing and financial services company providing financing to Hitachi group companies and the commercial business sector in the United States and Canada. Hitachi Capital America offers a variety of asset-based financing solutions with a business focus on truck, vendor, trade, and medical equipment finance, as well as lease discounting and software financing.