EQUITY + OPEN LINE
YOUR FLEXIBLE FINANCING SOLUTION
The HCC EQUITY + open line
Characteristics
A maximum amount is authorized based on the value of your equipment, which is pledged as security.
The amount authorized for your EQUITY + open line remains valid
for 12 months.
Only the interest on the used portion of your line is payable.
How the EQUITY + open line is used
3000
Amount
approved
Montanat
(x M $)
Amount x $1,000
2500
2000
1500
1000
500
Utilization
0
Montant
(x M $)
Amount
x $1,000
Jan.
1
Feb.
2
March
3
April
4
May
5
June
6
July
7
Aug.
8
Sept.
9
Oct.
10
Nov.
11
Dec.
12
500
500
1000
1500
1500
3000
3000
3000
2000
1500
1000
500
Repayment of the principal is not required.
At the end of the 12 months, you may choose from three options:
1- request a renewal of your EQUITY + open line;
2- cancel your open line by repaying your capital balance and
the interest incurred, if applicable;
3- choose to refinance your capital balance over a four-year
period.
No penalties on requests for advances and refunds.
Subject to credit approval by Hitachi Capital Canada. Other conditions may apply. Hitachi Capital Canada may terminate
the EQUITY + open line program without notice. The EQUITY + brand is a trademark of Hitachi Capital Canada.
A flexible financial
product
+
The benefits of our EQUITY
open line
Flexibility
EQUITY + funds can be used for any project. You have instant access to funds without
using your working capital.
An open line based on the value of your equipment is more stable than a traditional
bank credit facility that fluctuates with the value of your accounts receivable and inventory.
“Thanks to funds being available quickly and at
any time from the EQUITY + open line, I was able
to make a firm acquisition offer on a competitor in
under 24 hours.”
Peace of mind
An EQUITY + open line makes it easier to manage your liquidity according to unexpected opportunities, seasonality and sudden obligations. This type of freedom allows
you to face unplanned situations without feeling the constant pressure of micromanaging your liquidity.
“The EQUITY + open line allowed me to get a
head start on my seasonal aggregate production
while paying my suppliers faster and taking
advantage of attractive discounts.”
Reliable and practical
The EQUITY + open line is there for you, when you need it. Once your
amount is authorized for the next 12 months, there are no more problems:
· the balance is available and quickly accessible;
· you have a flexible tool to supplement your bank credit facility;
·the EQUITY + open line is not a demand loan.
“My bonding company was impressed with my
liquidity profile, thanks in part to my EQUITY +
open line that complements my traditional credit
facility.”
About
Hitachi Capital Canada
Hitachi Capital Canada is part of the Hitachi Capital Corp. (founded in 1957),
the financial division of the Japanese multinational company Hitachi Ltd.
(founded in 1910).
Hitachi Ltd.: 320,725 employees and $93B USD in revenues.
Hitachi Capital Corp.: 5,280 employees and $1.2B USD in revenues.
Hitachi Capital Canada (HCC) is a subsidiary of Hitachi Capital America (HCA).
HCA was founded in 1989, in Delaware; the head office is in Norwalk.
Founded in 2012, the head office is in Burlington (Ontario), with an official business place
in Trois-Rivières (Québec).
In May 2014, HCC acquired CLE Leasing. The company now has offices in Québec,
Trois-Rivières, Laval and Burlington to ensure Canada-wide presence. The company
currently serves more than 15,000 clients across the country.
Your direct sales team
Simon Jean
Vice-President − Direct sales division | Cell: 581-888-2676 | [email protected]
Ontario and Western Canada
Quebec and Eastern Canada
Peter Green CFA
Account Manager − Direct sales division
Cell: 403-510-4416 | [email protected]
David Gagnon
Senior Account Manager − Direct sales division
Cell: 438-821-8154 | [email protected]
Alexander Herbert
Account Manager − Direct sales division
Cell: 289-230-5364 | [email protected]
Philippe Frenette
Account Manager − Direct sales division
Cell: 438-821-8157 | [email protected]
David Steane
Account Manager − Direct sales division
Cell: 289-684-5015 | [email protected]
Nicolas Pinard
Account Manager − Direct sales division
Cell: 418-609-0660 | [email protected]
www.hitachicapital.ca