CG Commercial Finance Reports $80MM in Q4/16 Originations
FEB 17, 2017 - 6:27 am
CG Commercial Finance reported nearly $80 million in Q4/16 originations. With more than $35 million of those originations held on the company’s balance sheet, fueled by the recent capital investment from funds managed by Atalaya Capital Management, inclusion of a third party buy desk and new Alt-Energy Vendor Affiliate channels, the company believes it is making strides toward its short and long term growth objectives.
“We are rapidly positioning ourselves for success with a growing list of flexible, innovative and well-capitalized financial solutions for mid-sized and large companies,” said W. Scott McCullum, president of CG Commercial Finance. “Our FY 2016 originations begin our long-term commitment to capitalize on a market vacated by the industrial finance companies.”
The company’s growth plans for 2017 include an expansion of its leadership, operations, credit and sales staff along with emphasis on middle market originations and expansion of its vendor platform.
“As the economy turns optimistic, our focus on widening our balance sheet lending and syndication abilities while increasing the depth of our talent empower our confidence that CG will be an increasing provider of choice for an underserved middle market,” McCullum said.
CG Commercial Finance provides equipment financing for mid- and large-sized business, with transactions ranging from $1 million to $300 million.
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