Commercial Capital Company, a provider of capital equipment financing to businesses and equipment vendors, announced it has exceeded its 2023 goal of $165 million in annual equipment cost financed.

“Our goal is to ensure that Commercial Capital is a long-term, best-in-class player in the market,” said Jonathan Yount, Commercial Capital Chief Operating Officer. “From a growth perspective, we are building to reach $1 billion a year in equipment financed within the next eight years.”

Commercial Capital launched in Kansas City in 1985 and has offices in Lenexa. The company serves nearly 3,000 customers nationwide, from startups to Fortune 500 companies, and offers financing solutions valued from $5,000 to $10 million. The team at Commercial Capital has more than doubled since 2020 from 23 to 50 full-time employees.

“At the heart, we are a lease financing company that understands that each business has individual financing needs,” said CEO Mitch Rice, “Our team works one-on-one with business owners and equipment vendors to find the right lease-financing option to suit each capital equipment purchase.”

The equipment lease finance industry is over $1 trillion in annual volume and should continue growing as banks tighten their lending standards. Yount’s more than 20 years of business experience will help the company continue to scale.

“As interest rates continue to rise, companies are looking for alternative options for their equipment acquisitions,” Rice said. “It’s creating an opportunity for Commercial Capital to fill the gap in Kansas City and beyond, and we feel like we have the right team in place to grow rapidly.”