In an impressive display of confidence in its future growth, Commercial Credit Group Inc. (CCG) has successfully raised $458.7 million in new funding. As a wholly-owned subsidiary of Commercial Credit, Inc., CCG has established itself as a leader in the field of independent commercial equipment finance, catering specifically to the needs of small and mid-sized businesses within the construction, fleet transportation, waste, and machine tool and fabrication industries. Since its inception in 2004, the company has originated approximately $3.5 billion in finance receivables, underscoring its capability to provide secured loans and leases ranging from $100,000 to $2.5 million. With its headquarters in Charlotte, North Carolina, and operational branches in Buffalo, NY, and Naperville, IL, CCG is well-positioned to capitalize on the ongoing demand for equipment financing across North America. This latest round of funding will enable CCG to expand its reach further, enhance its service offerings, and strengthen its sales force dedicated to sourcing transactions through a network that includes end-users, equipment vendors, and manufacturers. Furthermore, with the CCG Equipment Finance Limited division serving the Canadian market from its base in Hamilton, Ontario, the company aims to enhance its commitment to delivering high-quality financial solutions tailored for machine tools and fabrication needs. As CCG leverages this capital infusion, it remains poised for substantial growth, empowering businesses to invest in essential equipment and drive their operations forward.
Commercial Credit Group Inc. Secures $458.7 Million in Funding Round for Equipment Finance Expansion
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