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ENGS Commercial Finance Closes New Revolver with Wintrust

October 03, 2017, 07:00 AM
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ENGS Commercial Finance Co. (“ENGS”) announced today that it has closed on a new revolving credit facility for its Factoring subsidiary, ENGS Commercial Capital, LLC. This new facility is with Wintrust Commercial Banking.

Tania Daniel, Managing Director for ENGS Commercial Capital, stated “We are pleased to announce this transaction to support the expansion of the business. As with any finance organization, having an efficient capital structure allows us to provide competitive pricing and superior service to our customers. We have doubled business in the last three months and this facility will help support that continued growth.”

“Factoring is a key initiative to ENGS’ overall strategy to expand and diversify its business offerings,” commented Craig Weinewuth, CEO & President, ENGS Commercial Finance. “Wintrust Commercial Banking has been a great partner over the years, and we are very pleased to close this transaction to support our continued growth.”

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