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ENGS Commercial Finance Achieves Record High Originations in Q4

January 21, 2020, 07:25 AM
Filed Under: Company Announcements

ENGS Commercial Finance Co., a Mitsubishi UFJ Lease and Finance (MUL) company, achieved record-breaking originations in Q4 2019. In December, ENGS funded a single month record of $115 million, and for the quarter, ENGS funded $222 million. This represents a 72 percent monthly and 44 percent quarterly increase in originations, year over year.

“Achieving these record high results is a proud moment for the ENGS Commercial Finance team. We finished the year with great momentum adding numerous key vendor relationships and building a robust pipeline,” said Craig Weinewuth, President and Chief Executive Officer.

Weinewuth added, “Now that we have completed our integration into MUL, we are well-positioned to leverage MUL’s global relationships and continue this momentum into 2020 and beyond.”

ENGS provides best-in-class lease and loan solutions and is a leading lender to the transportation, construction and industrial equipment segments, as well as a leading provider of insurance products through ENGS Insurance Agency and Working Capital products through ENGS Commercial Capital.

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