Commercial Capital Company, a provider of capital equipment financing to businesses and equipment vendors, hit another record year, achieving $174 million in originations in 2024.
Since 2022, Commercial Capital has seen more than a 20% increase in equipment costs financed highlighting the robust demand for equipment financing, particularly within the company’s key asset categories of construction, material handling, directional drills and transportation.
“This continued growth in origination totals is a testament to our team’s dedication and the trust our clients place in us to meet their equipment financing needs,” Mitch Rice, CEO of Commercial Capital Company, said. “As businesses continue to invest in essential equipment, we remain committed to providing tailored financing solutions that empower them to succeed.”
In 2024, Commercial Capital made significant operational improvements by hiring a director of credit and a director of technology, which have been pivotal in enhancing the company’s service delivery. These strategic hires bring a wealth of experience to the team, ensuring that credit assessments are streamlined and technology-driven solutions are implemented effectively. Additionally, the transition to the new servicing platform, Leasepath, will further optimize the customer experience, allowing for quicker processing times and improved communication with clients.
“Our investment in leadership and technology underscores our commitment to operational excellence,” Jonathan Yount, chief operating officer of Commercial Capital, said. “With these enhancements, we’re not just meeting the current demands of our clients, but we’re also positioning ourselves for sustained future growth. We believe that these changes will allow us to continue to surpass our goals and be a leader in the equipment financing industry.”
