In 2021, ENGS Commercial Finance, a member of Mitsubishi HC Capital Group, set company records in originations and portfolio growth, originating more than $850 million of leases and loans, while the firm’s working capital business, ENGS Commercial Capital, purchased more then $350 million of invoices. In addition, ENGS Insurance Agency also set a company record, growing by 30%. On the portfolio side, ENGS receivables grew to a company record of $1.6 billion in owned and managed assets.
“Despite the uncertainty of the COVID-19 pandemic, we set aggressive goals for our sales teams, and they exceeded their target; we could not be prouder of their contributions,” Craig Weinewuth, president and CEO of ENGS Commercial Finance, said. “Technology has and will continue to play a key role in ENGS’ success, offering our vendors, partners and customers the ability to quickly apply, track and manage their accounts from a virtual setting, allowing a streamlined funding process and greater service for our valued customers. Pairing industry-leading technology with a strong and experienced sales, credit and operations team, we plan to accelerate this success into 2022.”
