Honour Capital co-founders Brian Slipka and Shea Huston announced the company added 181 new clients in the first half of 2023.

“The state of equipment financing in the first half of 2023 has been challenging,” said Slipka. “Many companies have postponed or canceled capital equipment projects due to recession concerns and a lack of available credit. Banks have tightened their credit policies and turned their focus to growing deposits. Further, as banks reach exposure limits in key industries, many good companies are left without options for capital.”

“Despite these challenges, we proudly welcomed 181 clients to the Honour Capital family in the first half of 2023,” said Huston. “Our secret sauce is a purpose-driven culture rooted in servant leadership. Prioritizing the success of others is uncommon in today’s business world.”

The addition of 181 new clients in the first half of 2023 is illustrative of the growth that Minneapolis-based Honour Capital has experienced with its purpose-driven approach. Honour Capital became the 23rd-largest independent lessor in the United States after just two full years in business.