ENGS Commercial Finance Breaks Q4 Originations Record with 44% Y/Y Increase
JAN 21, 2020 - 7:00 am
ENGS Commercial Finance, a Mitsubishi UFJ Lease and Finance company, achieved record-breaking originations in Q4/19.
In December, ENGS funded a single month record of $115 million, and for the quarter, ENGS funded $222 million. This represents a 72% monthly and 44% quarterly increase in year-over-year originations.
Craig Weinewuth, president and chief executive officer, commented: “Achieving these record high results is a proud moment for the ENGS Commercial Finance team. We finished the year with great momentum adding numerous key vendor relationships and building a robust pipeline.”
Weinewuth added, “Now that we have completed our integration into MUL, we are well positioned to leverage MUL’s global relationships and continue this momentum into 2020 and beyond.”
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