Hitachi Business Finance announced Mark Simshauser has joined its 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,” said Mike Semanco, Hitachi Business Finance President and Chief Operating Officer.

“Hitachi’s strong brand recognition and their unique ability to provide proven speed and certainty sets them apart from others,” said 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, he held Vice President positions with various asset-based lenders across the United States with emphasis on smaller, middle-market borrowers.