Equipment finance company, Commercial Credit, Inc., parent company of Commercial Credit Group Inc. (CCG), has made the Business North Carolina Mid-Market Fast 40 List for the fifth year in a row. To qualify for the list, a company must have annual revenue between $10 and $500 million and demonstrate sustained revenue and employment growth over the past three years. Company president and CEO Dan McDonough stated, “Our growth has come organically, so it’s exciting for us to be recognized year after year. It shows that our business model is not only sustainable, it’s allowing us to grow continually in an industry currently experiencing growth challenges.”
Commercial Credit, Inc. is one of only five companies to make the list each of the last five years. McDonough, credits the success of the organization to the people in the company. “Our people are our largest asset. Their ability to combine the blocking and tackling of lending with equipment and industry expertise produces excellent results for the customer and us.”
The forty companies were recognized at a luncheon, hosted by Business North Carolina and Cherry Bekaert LLP, on September 20, 2016, and will be featured in the November issue of Business North Carolina magazine.
Commercial Credit Group Inc., a wholly owned subsidiary of Commercial Credit, Inc. is an independent, commercial equipment finance company that provides secured loans and leases to small and mid-sized businesses in the construction, fleet transportation and waste industries. The company’s sales force is located throughout North America and sources transactions through end-users, equipment vendors and manufacturers with typical transaction sizes ranging from $100,000 to $2,500,000. Since its inception in 2004, CCG has originated over $2.5 billion of finance receivables. CCG is headquartered in Charlotte, North Carolina and operates full service offices in Buffalo, NY and Naperville, IL. CCG Equipment Finance Limited services the Canadian Provinces of Ontario, west to British Columbia, from its Canadian headquarters in Hamilton, Ontario.