North Star Leasing Company announced it achieved a 54 percent increase in originations year over year through April 30. April also marked the largest funding month on record in the company’s nearly 40-year history.
Fiscal year 2018 saw North Star Leasing fund $50 million with $7 million through longstanding syndication partners. People’s United Bank continues to support the company’s growth through a previously announced $60 million expandable senior revolving credit facility.
“The North Star Leasing team continues to over-deliver to our vendors, prospects, brokers and internally as we continue to maintain a strong funding volume,” said Dan Feeney CEO of North Star Leasing. “With a very strong pipeline at month end, we anticipate this trend to continue through 2019 and beyond.”
On June 28, North Star Leasing will be celebrating its 40th anniversary. To help commemorate this milestone, the company will be presenting $40,000 to employee-selected community projects and organizations. The selected amount is a nod to each of the company’s 40 years in business.
Founded in 1979, North Star Leasing is a provider of equipment financing solutions for businesses in a variety of industries. North Star Leasing is owned by Copley Equity Partners.