ENGS News

ENGS Commercial Finance reached a significant milestone of funding $113 million in Q1/2018, representing 33% year-over-year growth, the highest origination quarter in the company’s history. “We are thrilled with our continued growth as an industry leader in the commercial finance market,” said Craig Weinewuth, president and CEO of ENGS. “Funding in excess of $100 million […]

ENGS Commercial Finance closed a $225.4 million equipment securitization on March 22, 2018 through ENGS Commercial Finance Trust 2018-1. This is ENGS’ third securitization transaction since 2015, collateralized by a segregated pool of commercial loan contracts primarily financing commercial trucks and trailers. The securitization included classes of notes rated AAA(sf) to BB(sf) by DBRS, based on, […]

ENGS Commercial Finance reached a significant milestone, processing more 100,000 credit applications since June 2013, when the company began tracking the number of applications received. “This is a proud accomplishment and illustrates the tremendous effort our entire team puts forth every day to process these credit applications on a timely basis for our customers and vendor […]

ENGS Commercial Finance Co. has announced the relocation and expansion of its corporate headquarters to a new, much larger space in Itasca, Ill. In advance of the move, ENGS has also completed a major rebranding, which is part of an overall companywide initiative to unify the brand and support the overall growth of the business. “We […]

ENGS Commercial Finance launched a secure electronic signature documentation solution for its Transportation division. This solution, which is among the first of its type in the commercial equipment finance space, has already been successfully implemented in ENGS’s Industrial and Construction divisions, and is now available to its Transportation customers. “Having the ability to sign documents electronically […]