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Commercial Fleet Financing Finishes First Half 2022 on Record Pace, $110MM in Fundings

July 08, 2022, 07:12 AM
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Topic: Industry News

Commercial Fleet Financing, Inc. (CFF), a provider of transportation equipment financing, reported financial results for H1 and Q2 of 2022. For Q2 2022, CFF funded $58,090,953 from 609 transactions with an average transaction size of $95,387. For H1 2022, CFF funded $110,461,300 from 1243 transactions – an increase of $15,729,000 or 14 percent over the same period in 2021 – with an average transaction size of $88,866.

"By all measures, our year-over-year results show a solid increase. Fundings are up, transaction count is up, as well as average transaction size. The second half of the year has always been stronger than the first half, so we are poised to once again have a record year,” said Matt Manero, founder and President of CFF.

Manero continued, “We will continue to focus on our culture and core niches like we have for the past 27 years. It is clear that the economy wants to slow down, and our team is prepared to face a headwind. But with a clear plan and enough horsepower, we can and will reach our goal of another record year.”

Founded in 1995, privately held and located outside of Dallas, TX, CFF offers financing products to the end users of equipment within four primary industries of trucking, towing, construction and delivery vehicles.

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