Verdant Commercial Capital has surpassed $2 billion in equipment financing originations since the company’s inception in 2017. This milestone means the company has reached its second billion in half the time it took to reach its first billion.
Verdant has continued to expand the industries it serves, including a new focus on the golf, sports and entertainment industry, broadening its reach in the energy industry by adding an energy efficiency team and adding a new team to address the automotive repair equipment marketplace.
“When we launched Verdant, we had a vision of what the industry wanted, and we continue to focus on those needs as we grow,” Mike Rooney, CEO of Verdant Commercial Capital, said. “Doubling our originations to $2 billion in the last two years alone is a clear indicator that Verdant’s vendor-focused origination model produces predictable and sustainable results.”
At the time entrepreneurs and former banking executives founded Verdant, they knew that one of the key factors to the start-up’s success was to bring in the right team, and that has remained a focus over the past six years.
“Verdant’s success is a testament to the quality and efforts of our associates,” Rooney said. “One of our guiding tenets has always been to assemble a solid team of equipment finance leaders who have experience developing and delivering tailored product offerings, effective underwriting and outstanding service. Our entire team does a wonderful job delivering on that promise.”
