Stonebriar Commercial Finance has reached two important company milestones in 2016 — its first year anniversary at the end of April and exceeding $1 billion in assets as of the end of June.
Several factors contributed to these milestones:
Stonebriar’s first year was also marked by the growth of its organizational infrastructure to support its growing and diverse business with talent and experience integrated in its finance, accounting, credit, legal, asset management and direct origination functions. Stonebriar’s bench strength, strong capital and strategic partners enabled the company to close Q2/16 with more than $1 billion in quality receivables with a strong pipeline of transactions to be funded in the second half of 2016.
Dave B. Fate, president and CEO of Stonebriar, stated, “We are excited to celebrate the first anniversary of our company and the value we have brought to our customers and strategic partners who need strong and reliable capital for their business needs. Achieving these milestones in such a short period of time is a testament to the strength of the Stonebriar team and the strong financial support demonstrated by our stakeholders. It also validates our initial business plan including the market need for an independent, flexible and dynamic business funding source, such as Stonebriar.”
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One Reply to “Stonebriar Celebrates First Anniversary; Exceeds $1B in Assets”
Congratulations Dave. Once againn you quality management and expertise has built a financial institution with an “A”team.