Engs Commercial Finance Co announced Tuesday it has reached a significant milestone of funding $113 million in the first quarter of 2018, representing 33 percent 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,” says 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,” adds Jim Freund, executive vice president. “We look forward to a continued successful year in 2018, and believe in our mission of moving business forward.”