GRAND ISLAND, Neb. April 7th, 2016 – Axis Capital, Inc. (Axis), one of the nation’s leading commercial equipment finance companies, announced that in 2015 it advanced by eight positions to number seven in Monitor Daily’s national ranking of top private independents. The advancement to 7th place from its previous ranking of 15th reflects Axis’ overall growth objective for new business volume and is further proof the initiatives implemented over the last few years are being well received by the industry. Between 2014 and 2015, new business volume at Axis increased by 56 percent. Last year Axis acquired an East Coast origination platform, which contributed 17 percent to its 2015 growth. In its 20 years of business, Axis has funded transactions with 15,000 business owners and maintains active relationships with over 2,000 equipment vendors, including 34 active vendor programs that cover diverse markets, equipment types and client bases on a national basis.
“Our long-term goal is to continue developing direct origination channels, especially through vendors,” said Malia K. Du Mont, Axis Co-President and COO. “We believe that as we continue to place emphasis on our asset and sector level expertise, we will continue to show positive growth for the foreseeable future.”
Axis Co-President and Chief Risk Officer, Mr. Andrea Zana added, “Since our acquisition by Amur Finance Company in 2010, we have increased our origination volume by over 200 percent.” He continued, “Our strategic focus on providing financing for hard, business-essential assets with longer useful lives and higher values has lowered our risk exposure and improved our overall performance.”
This year, Axis celebrates 20 years in the industry. The company currently employs over 80 professionals across the United States with key management, credit processing, underwriting, servicing and finance functions located in Grand Island, Nebraska. Axis has additional sales offices in Massachusetts and California and satellite offices located across the country to service a broad range of markets including: transportation, construction, commercial and industrial equipment, food service, packaging, and printing.