ENGS COMMERCIAL FINANCE CO. REACHES LANDMARK FUNDING AND ORIGINATION MILESTONE
ENGS Commercial Finance Co (‘ENGS’), an industry leading commercial finance company providing equipment finance solutions to the Transportation, Construction and Industrial Equipment segments, as well as Working Capital and Insurance products, announced today that it has reached a significant milestone of funding $113 million in Q1/2018, representing 33% year-over-year growth, the highest origination quarter in the company’s history.
“We are thrilled with our continued growth as an industry leader in the commercial finance market,” said Craig Weinewuth, President and CEO of ENGS. “Funding in excess of $100 million in Q1 reflects the immense commitment, effort and support of our employees and stakeholders and we are dedicated to providing our valued partners and customers with the products and services that will continue to help their businesses thrive.”
“This substantial origination milestone is a remarkable achievement that ENGS is very proud of,” said Jim Freund, Executive Vice President of ENGS. “We look forward to a continued successful year in 2018, and believe in our mission of moving business forward.”
ENGS: Moving Business Forward!
ABOUT ENGS COMMERCIAL FINANCE CO.: ENGS is a 65-year-old commercial finance company and a leading lender to the Transportation, Construction and Industrial Equipment segments, as well as a leading provider of Insurance and Working Capital products. ENGS was chosen as a Top Workplace in Chicago by the Chicago Tribune, and was recognized by the Monitor as the 5th largest independent finance company in the U.S.
For more information about ENGS Commercial Finance Co. or this press release, please contact Jim Freund at jfreund@engsfinance.com or visit our website at www.engsfinance.com.