Garrington Group of Companies announced the formation of Baker Garrington, a new wholly owned subsidiary created to expand its ability to respond to working capital challenges facing underserved small- to medium-sized businesses with practical and creative working capital solutions with a particular focus on factoring and equipment loans.

Garrington, expressed excitement about the addition of Bob Baker and Baker Garrington to their group of companies. “This new development presents an opportunity for Baker Garrington to expand their focus on assisting entrepreneurs and accelerating their growth. Bob's experience, vast network and expertise in origination will complement one of the major pillars of Garrington's philosophy.” Said Tammy Kemp, Executive Vice President, Chief Credit Officer of Garrington.

Bob Baker, CEO of Baker Garrington, has more than 11 years of experience in invoice factoring and equipment loans, saying, “Partnering with Garrington will enable us to maintain the excellent service we have always offered, now with a broader product range including a new fuel card and bundle and save plan. After carefully considering Garrington’s core principles and finding that they aligned with my vision for Baker Garrington, partnering with them was an obvious choice. This partnership also provides the added benefit of a more thorough underwriting back-office support system.”