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Verdant Marks Five-Year Milestone, Projects 2022 Originations Near $600MM

October 07, 2022, 07:21 AM
Filed Under: Industry News

Verdant Commercial Capital, LLC, one of the top 10 independent equipment finance companies, celebrated its fifth anniversary. The company was founded in 2017 by equipment finance veterans Mike Rooney, Chris Kelley and John Merritt. This team brought their expertise and discipline from a combined 100-plus years of experience working at both banks and independents to the vendor finance segment. Verdant provides financing to six strategic markets and funds business transactions ranging from $25,000 to over $50 million.

“We’ve come a long way from the blank sheet of paper we started with five years ago,” said Rooney, CEO of Verdant Commercial Capital. “We were fortunate to attract some of the best and brightest in our industry to join us and we are really proud of all that they accomplished in such a short time.”

Verdant has experienced tremendous growth. Currently with more than 80 employees located across the country, Verdant is positioned to reach nearly $600 million in annual originations by the end of 2022. This represents more than a 50 percent year-over-year increase from 2021.

“Our goal has always been to help our partners sell more equipment by making financing options simple and easy for their customers,” said Rooney. “Our partners, funders, and especially our team have really helped us deliver on this goal, and we are truly grateful to them.”

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