CG Commercial Finance announced a strong close to their 2016 fiscal year with nearly $80,000,000 in fourth quarter originations. With more than $35,000,000 of those originations held on the company’s balance sheet, fueled by the recent capital investment from funds managed by Atalaya Capital Management LP, inclusion of a third party buy desk and new Alt-Energy Vendor Affiliate channels, the company continues to make strides toward its short and long term growth objectives.
W. Scott McCullum, President of CG Commercial Finance said, “We are rapidly positioning ourselves for success with a growing list of flexible, innovative and well-capitalized financial solutions for mid-sized and large companies. Our FY 2016 originations begin our long-term commitment to capitalize on a market vacated by the industrial finance companies.”
The company’s aggressive growth plans for 2017 include an expansion of their leadership, operations, credit and sales staff along with heavy emphasis on middle market originations and expansion of their vendor platform.
McCullum continued, “As the economy turns optimistic, our focus on widening our balance sheet lending and syndication abilities while increasing the depth of our talent empower our confidence that CG will be an increasing provider of choice for an underserved middle market.”