Commercial Capital Company, a provider of capital equipment financing to businesses and equipment vendors, has surpassed $300 million in assets under management.
“We’re proud to say that not only have we surpassed $300 million in assets under management, but that we’ve done so exclusively through local Kansas City banks,” Mitch Rice, CEO of Commercial Capital, said. “This accomplishment not only reinforces the strength of our partnerships with local financial institutions, but it also highlights our commitment to supporting the growth and success of businesses in our community.”
The company also achieved its 2023 goal of financing $165 million in annual equipment costs, underscoring Commercial Capital’s commitment to reaching its broader goal of $1 billion in equipment financed by the end of 2032.
“Reaching milestones like $300 million in assets under management is extremely important as we continue to work towards our ultimate goal of $1 billion a year in equipment financed by the end of 2032,” Jonathan Yount, chief operating officer at Commercial Capital, said. “I’m proud of our team and their dedication to our customers. We prioritize a relationship first mindset in an industry that can often be very transactional, and that’s played a pivotal role in our ability to reach our goals like this.”
