Amur Equipment Finance reported company-record growth in Q4/20, with originations increasing 27% and application volume increasing 34% year over year. Amur set new company records for monthly and quarterly origination and application volume during the quarter.
Amur’s presence in the digital sphere grew as well. Year over year, Amur experienced a 16-fold increase in visitors to its website.
Amur has increased its employee headcount by 50% since last March despite the COVID-19 pandemic. It also has opened two new offices in Lincoln, NE, and Rapid City, SD.
“We have a simple goal,” Mostafiz ShahMohammed, chairman and chief executive of Amur Equipment Finance, said. “We want to be the champion of small businesses. Small businesses dealt with a lot in 2020, but we have always believed in the ingenuity and resilience of the entrepreneurs that power America’s small businesses. Our growth proves that we’re becoming a financing partner of choice for small businesses nationwide, and we can’t wait to serve small businesses in record numbers in 2021.”
Amur also recently closed a $75 million, five-year, investment-grade, unsecured private notes offering.
“This new investment-grade notes offering communicates the ongoing confidence that the investment community has in our business model and growth trajectory,” Kalyan Makam, executive vice president of Amur Equipment Finance, said. “This will enable us to launch several exciting new growth initiatives to better serve our customers, vendors and partners across the nation.”
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