CEF is 84th in Net Assets; 87th in New Business; 48th Among Bank-Owned
TROY, Mich., (Sept. 21, 2016) – Crestmark Equipment Finance (CEF), Crestmark’s equipment financing and leasing division, is among the largest and fastest growing equipment finance/leasing companies in the United States. The 25th Annual Monitor 100 ranks CEF 84th in net-asset value and 87th in new business volume. Crestmark moved up a spot on the list of largest equipment leasing/finance companies.
In addition, CEF made Monitor’s Top Bank 50, which ranks the nation’s largest bank-owned equipment financing and leasing companies; CEF ranked 48th.
“Crestmark Equipment Finance is focused on helping clients maximize their operations by offering financing that makes essential equipment, and state-of-the-art upgrades, affordable,” said Scott Grady, president of Crestmark Equipment Finance. “We are pleased to make the Monitor 100 list of largest equipment companies in the U.S., and to be among Monitor’s Top Bank 50 in the equipment financing/leasing market.”
In a move to expand the range of financing options available to clients, Crestmark entered the equipment leasing and finance space in October 2014 with the acquisition of TIP Capital. Since then, the division has focused on strengthening operations and expanding product offerings.
The Monitor 100, now in its 25th year, and Monitor Top Bank 50 are compiled and published by Monitor Daily magazine.