ENGS Commercial Finance reported its most successful year in the company’s history. ENGS financed a total of $687 million of equipment transactions, a 35% year over year increase, purchased $130 million in invoices in its working capital business and produced more than $5 million in insurance premiums. “ENGS Commercial Finance has grown tremendously since the […]
In December, ENGS Commercial Finance funded a single month record of $115 million, and for the quarter, ENGS funded $222 million — a 72% monthly/44% quarterly increase in year over year originations.
ENGS Commercial Finance has closed on a new revolving credit facility with Wintrust Commercial Banking for its factoring subsidiary, ENGS Commercial Capital.
T.J. Gill has joined ENGS Commercial Finance as vice president, business development manager to the company’s factoring subsidiary, ENGS Commercial Capital.
Engs Commercial Finance has closed a $100 million securitization warehouse facility with the Bank of Montreal as lender and BMO Capital Markets as agent.
Engs Commercial Finance added PNC Bank and its $75 million commitment to its $455 million ABL credit facility. PNC will assume the roles of syndication agent and joint lead arranger.
Tania Daniel joined ENGS Commercial Finance as the managing director of its newly launched Factoring division. Daniel’s goal is to develop ENGS’s Factoring division into a nationally recognized market leader in the factoring space.