Commercial Capital Company, a provider of capital equipment financing to businesses and equipment vendors, exceeded its 2023 goal of $165 million in annual equipment costs financed.
“Our goal is to ensure that Commercial Capital is a long-term, best-in-class player in the market,” Jonathan Yount, COO of Commercial Capital Company, said. “From a growth perspective, we are building to reach $1 billion a year in equipment financed within the next eight years.”
Commercial Capital Company launched in Kansas City, KS, in 1985 and has offices in Lenexa, KS. The company currently serves nearly 3,000 customers across the U.S., from startups to Fortune 500 companies, and offers financing solutions valued from $5,000 to $10 million. The team at the company has more than doubled since 2020 from 23 to 50 full-time employees.
“At the heart, we are a lease financing company that understands that each business has individual financing needs,” Mitch Rice, CEO of Commercial Capital Company, said. “Our team works one-on-one with business owners and equipment vendors to find the right lease-financing option to suit each capital equipment purchase.
“As interest rates continue to rise, companies are looking for alternative options for their equipment acquisitions. It’s creating an opportunity for Commercial Capital to fill the gap in Kansas City and beyond, and we feel like we have the right team in place to grow rapidly.”
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