Tania Daniel joined ENGS Commercial Finance as the managing director of its newly launched factoring division.
ENGS’s factoring division and Daniel will be based in Birmingham, AL.
Daniel brings 17 years of experience in the factoring space with Porter Capital and LSQ Funding Group, where she held various roles of increasing responsibility. Most recently, Daniel was the COO for Porter Capital.
Craig Weinewuth, president and CEO of ENGS Commercial Finance, said, “This new factoring product offering will allow us to expand our lending products to our 10,000+ customers in our Transportation and Industrial Divisions, as well as the market as a whole. This factoring product, along with our recently launched ENGS Insurance Agency, advances our long-term strategy to develop ENGS into a well-diversified and leading independent commercial finance company providing a wide range of product offerings.”
“We are committed to helping our customers grow their businesses,” said Jim Freund, EVP/CMO of ENGS Commercial Finance, “And adding factoring to our existing suite of equipment finance and insurance offerings provides another working capital solution for our customers and allows them to focus on growth rather than monthly cash flow needs.”
ENGS is a 64-year-old commercial finance company and a lender to the transportation and industrial equipment segments and a provider of insurance and working capital products to its customers. In 2016 ENGS was recognized as the fifth largest independent equipment finance company in the U.S. by Monitor.
One important economic factor to consider with any equipment lease is how the transaction will be reported for income tax purposes. This determination is made based on the terms of the lease agreement, and has a large impact on the... read more
I recently met a sales rep (let’s call him Dario) who believed his company’s rates were too high. Every time he got an application, he would encounter some type of rate objection. He would end up discounting the deal, or... read more