Amur Achieves Record First Half, On Target to Exceed $1B in 2024 Originations

Amur Equipment Finance reached a new volume record for the first half of 2024, achieving over $500 million in loan originations and positioning itself to surpass $1 billion by the end of the year. Overall, Amur provided financing to over 6,000 small businesses in the first six months of 2024.

“We are certainly proud of the quantity of business we’ve been able to do so far this year, but we’re even more thrilled by the quality,” Rich Chenitz, chief commercial officer of Amur, said. “As the year progresses, we will continue to build our team to establish ourselves as the leading independent equipment finance company in America.”

“Our strong capital position is critical in allowing us to seize this market opportunity,” Elliott Klass, general counsel and head of strategy at Amur, said.  “This is a very exciting market for well-capitalized independents like Amur, and our long-term investment in our capital foundation have positioned us well to pick up slack in the marketplace and provide competitive financial solutions, at scale, for our partners and customers.”

“The power of our purpose-built financing platform, paired with our ‘no shortcuts’ philosophy and experienced and dedicated team, means that we’ve been able to meet and exceed our own high service standards even in the face of record-setting volumes,” James Truran, chief operating officer of Amur, said. “We are sharply focused on delivering exceptional service to our partners and customers and we’re excited to introduce several enhancements later this year inspired by our conversations with them.”

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.