Dext Capital announced its first-year accomplishments, including growing originations to nearly $100 million.
During its first year the company:
Served more than 250 clients
Partnered with over 30 key vendors and sources
Funded and booked first finance transaction in January 2019
Grew loan originations to nearly $100 million placing Dext into the top 50 independent lessors nationwide
Significantly exceeded origination goals and maintains robust credit approved backlog
Closed a $200 million credit facility with Credit Suisse in October 2019 and has received several offers to invest more capital in the business
Implemented a new front end and accounting system at a record pace of less than 90 days
Worked with vendors on custom finance programs for their cost per procedure and service offerings
Partnered with PE-backed company to update their equipment across several facilities
Developed recognition as an expert in financing new and existing surgical centers
Provided $5 million credit facility for a start-up hospital in under 3 weeks from initial discussion
Established the headquarters in Oregon and opened a second office in Iowa to better serve customers and partners nationally
Assembled an awesome and engaged team of Dexters
“As Dext heads into 2020, I proudly reflect on what our team has achieved in our first year,” said Kyin Lok, CEO. “Accomplishments that have gone above and beyond our initial plans and our achievements have strengthened our offerings and support for our clients and partners, as well as our employees. Looking at what we have accomplished and what we have planned going forward, Dext has tremendous business momentum and are truly excited for the many successes to come.
“Dext’s list of achievements showcase how much we have grown this year. As we head into 2020, I am very proud of the team, their successes and I look forward to supporting our employees, partners and clients as we build upon on the Dext success story.”
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