ENGS Commercial Finance, a member of Mitsubishi HC Capital Group, will be making a change to its application-only threshold and will be able to approve exposures on an app-only basis up to $1 million for qualified credits.

“This is a very exciting development for our business,” John Carroll, chief risk officer at ENGS Commercial Finance, said. “This change to the app-only threshold is not a loosening of credit but rather a different way to maintain our credit standards while being more flexible and responsive to our vendors. Through leveraging ENGS’ rich database and expert third party data sources, which are the backbone of the proprietary ENGS credit scoring model, ENGS has achieved a sustainable level of overall portfolio health that allows us to confidently increase the app-only threshold.”

“The coordination with the credit and risk team of identifying and implementing digital tools and data sources has enhanced our platform, enabling better informed credit decisions and delivering higher service levels to our vendors,” Christopher D. Johanneson, managing director of operations, marketing and digital strategy at ENGS Commercial Finance, said.