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Amur Achieves Record-Breaking First Quarter, 100% Y/Y Growth

April 05, 2022, 07:23 AM
Filed Under: Industry News

Amur Equipment Finance, Inc. announced the results of its record-breaking first quarter, which established new benchmarks for both application and origination volume and represented a year-over-year growth rate of 100 percent compared to first quarter 2021. At the current annual run rate, Amur expects to surpass its target of $1.5 billion in origination volume for 2022 and to achieve a 100 percent-plus growth rate for the second consecutive year.

“Our outstanding first-quarter results would not have been possible without our uncompromising service and dedication to our hundreds of thousands of small-business customers and our deep relationships with all our partners,” said Todd Wainwright, Amur Senior Vice President, Head of Commerce and Strategic Partnerships. “These relationships reflect the commitment and trust we have built with our partners through years of differentiated service, and for that, we are grateful.”

Amur’s record growth can also be attributed to its dedication to the well-being of its customers and its employees. “We are passionately committed to helping our customers realize their business aspirations. Customers come back to us time and time again, year after year because they know we are devoted to their success,” said Ken Karpel, Senior Vice President, Sales, and Retention.  “Additionally, our continuous push for ensuring a culture of personal risk-taking with ample leadership opportunities for our people bodes well for the future.”     

And yet this growth would not be possible without Amur’s robust and scalable proprietary tech-enabled platform that allows it to keep pace with Amur’s growing originations and positions it to capture even greater volumes in the years to come.

“We have the industry’s most inclusive platform, which allows us to serve all industries and credit profiles in record time,” said Jeremy Gillam, Amur Senior Vice President, Head of Technology. “Our platform offers us a highly stable and scalable environment to continuously implement innovative technology and processes that allow Amur to offer tremendous service to our customers and partners.”

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