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ENGS Commercial Finance Achieved Record Origination Volume of $687MM in 2019

February 25, 2020, 07:28 AM
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ENGS Commercial Finance Co. (ENGS), a subsidiary of Mitsubishi UFJ Lease and Finance (MUL) company, achieved record-breaking origination volume in 2019. Reporting its most successful year in the company’s history, ENGS financed a total of $687 million of equipment transactions, a 35 percent year-over-year increase. It purchased $130 million in invoices in its working capital business and produced over $5 million in insurance premiums.

“ENGS Commercial Finance has grown tremendously since the current management team assumed control in 2012. The outstanding 2019 results are greatly attributable to our Service First commitment to our growing customer base and the stellar performance and hard work of our employees,” said Craig Weinewuth, President and Chief Executive Officer.

“We are very proud of our record-breaking originations and excited for the future. Being part of MUL, ENGS can expand its product offerings and geographic reach now that we are part of one of the world’s largest commercial finance companies. This enhanced creativity and flexibility will enable ENGS to accommodate more of our vendors’ needs with wider product offerings. Our pipeline is growing, and we anticipate continued growth and financial success in 2020,” Weinewuth added.

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