GRAND ISLAND, NEBRASKA — Amur Equipment Finance (“Amur”), a leading independent equipment finance company, is proud to announce a record-breaking year on a number of fronts. Amur funded over $960 million to nearly 11,000 customers in 2024, both records. As well, Amur’s portfolio crossed $2 billion in early 2024 and is on track to exceed $3 billion in 2025.
Amur received a record number of financing applications in 2024, demonstrating its increased market coverage and the strength of its decisioning platform. As well, a record percentage of Amur’s originations were with “A” credit customers, a market segment historically dominated by banks, underscoring the surging market demand amongst the super-prime cohort for Amur’s competitive financing solutions. This strong shift ‘up-market’ contributed to a record-setting weighted-average FICO score in 2024.
Beyond the records, 2024 was a very exciting year for Amur in a number of other areas. In 2024, Amur launched its Leading Edge product for construction and specialty vehicles, featuring its fastest approvals ever, brought on Rich Chenitz, an industry leader as its Chief Commercial Officer, and launched a franchise-specific vertical led by a longstanding industry expert. It also rolled out several enhancements to its platform to augment its differentiated, best-in-class service experience.
Looking ahead to 2025, Amur’s experience in 2024 drives its commitment to double-down on its dedication to product and service excellence to further cement its position as a leading independent in Equipment Finance. Highlights include:
- Enhanced Product Suite & Partner Experience. Vendor and broker partners will have access to TRAC leases, newly redesigned partner portals and additional self-service documentation capability in 2025.
- Expanded Team. Amur will grow its team in 2025 in order to expand its presence in key markets and sectors and provide even greater support to partners and customers.
“2024 was a remarkable year for Amur,” said Kalyan Makam, Chief Executive Officer. “It was a year that presented tremendous opportunity, with many others in our industry pulling back. I’m so proud of our group and our partners for seizing the opportunity – strengthening relationships and building new ones, serving new customers, expanding our presence in key industries like construction, specialty vehicles and franchise, the list goes on. With our extremely strong capital position, scaled platform and dedicated and talented team, we’re well positioned to set even more records in 2025 and beyond.”
As we reflect on the success of 2024, Amur is proud to be the trusted provider of innovative financing solutions to so many nationwide. Thank you to the record number that allowed us to equip you to win in a hugely successful 2024.