ENGS Commercial Capital, a division of ENGS Commercial Finance Co. ( ENGS ), announced that it closed on a $2.5MM factoring facility in the staffing space for an agency that provides skilled labor to the construction industry. In the last 90 days, ENGS funded factoring relationships totaling over $6MM in commitments. The new business represents clients in the staffing, manufacturing and transportation segments all throughout the United States.
Tania Daniel, Managing Director ENGS Commercial Capital, commented, We have established fantastic momentum and have achieved terrific month over month growth. We have also expanded our footprint and have added offices in Chicago and Nashville, in addition to our headquarters in Birmingham. We are very pleased with the reception we have received from the market and the growth of the business
With over 100 years of combined commercial finance experience, ENGS Commercial Capital specializes in Factoring and Accounts Receivable Finance for Small to Mid-Size business in the transportation, manufacturing, staffing and other B2B industries across the US. Through our parent company, ENGS Commercial Finance, we offer equipment lease and loan products for the Transportation, Industrial and Construction segments. We also offer insurance products through our subsidiary, Engs Insurance Agency, LLC.
ABOUT ENGS COMMERCIAL FINANCE CO.: ENGS is a 65-year-old commercial finance company and a lender to the Transportation, Industrial Equipment and Construction segments, and a provider of Insurance and working capital products to its customers. In 2016 ENGS was recognized by the Monitor as the 5th largest independent finance company in the U.S by Monitor.