Enverto Investment Group, an equipment financing company that connects small business owners with investors, announced that it closed a $100MM credit facility with Guggenheim Securities. The transaction reflects investors’ confidence in Enverto’s team, strategy and innovative, technology-driven small-business funding model.
“The partnership with Guggenheim confirms our commitment to leverage technology to solve the equipment financing needs of small business owners” said Charles Anderson, CEO. “The capital raised will enable accelerated expansion into the small and medium ticket equipment leasing space, including partnerships with vendors covering a broad spectrum of the market.”
Guggenheim Securities, LLC is a diversified financial services firm with more than $200 billion in assets under management. Guggenheim has extensive experience in the equipment leasing sector and in 2013 served as sole, lead, or co-lead manager on 48.54% of all new issue EQ ABS deals issued by independent equipment leasing companies.
Special thanks to Matthew Perkins (Senior Managing Director and Head of ABS and RMBS Banking at Guggenheim Securities) and his team for arranging the transaction.
In conjunction with the Guggenheim closing, and 2+ years of development, Enverto is excited to release their new lending tool IMCA Express. This tool is specifically designed to enable equipment vendors and lessees to complete the application process, obtain an immediate approval, choose their own payment, term and buyout, issue leasing documents, execute the documents electronically, and enter our funding queue within 5 minutes. “IMCA Express is achieving in 5 minutes what has traditionally taken the industry a week or more to complete. We expect this to be a major windfall for the equipment vendor community, as well as other people and companies using our technology” said Wesley Lones, Chief Revenue Officer.
“IMCA Express is a vision which has been in our development pipeline for over 2 years. We are excited to leverage our partnership with Guggenheim to bring this powerful tool to market, with a singular focus of simplifying and expediting the lending process for vendors and business owners alike” said Blake Johnson, Chairman.
Enverto Investment Group is an equipment finance company based out of Los Angeles that provides businesses with fast and easy access to common sense capital.