Commercial Capital Company is named a leader in new business volume and micro-ticket leases.
Monitor’s 2024 101+ Ranking Report showcases the financial achievements of 35 equipment leasing and financing companies based in the U.S. for the year 2023. Among these, Commercial Capital ranks as the 106th largest equipment financing company, boasting over $270 million in assets, which represents a 34.3% increase from 2022.
Top Segment Leader
Independent companies once again played a significant role in the overall Monitor 101+ portfolio, representing the largest portion at a total of $2,522.0 million in net assets, distributed among 20 companies. The prominence of independent equipment leasing and financing companies in this ranking represents their vital contribution to the equipment finance sector.
Among these independent companies, Commercial Capital has established a noteworthy position, securing the number 3 spot on the top 10 independent segment list with more than $270 million in assets. As of Q2 2024, that number has grown to more than $300 million in assets under management.
New Business Volume Leader
Commercial Capital experienced a 10.5% rise in new business volume, growing from $149.7 million in 2022 to $165.5 million in 2023. This growth has positioned them among the top five independent equipment lease financing companies on Monitor’s 101+ list.
“Being ranked among the top five independent equipment lease financing companies on Monitor’s 101+ list highlights our competitive position in the industry,” said Mitch Rice, CEO of Commercial Capital. “This recognition underscores our ability to adapt to market trends by offering innovative financing solutions and top tier customer service.”
#1 in Micro-Ticket Leases
Commercial Capital has established itself as the leader of Monitor’s 101+ micro-ticket lease financing category, a sector that focuses on smaller lease amounts typically under $25,000. This impressive achievement is highlighted by the facilitation of over $27.6 million in such leases in 2023, reflecting a strong demand for accessible financing options among businesses seeking to acquire essential equipment and services without the burden of larger financial commitments.
Continuously Improving
For the second consecutive year, Commercial Capital has been included in Monitor’s 101+ Ranking Report. Since 2020, the company has more than tripled its business. Recently, it exceeded its 2023 goal of providing $165 million in equipment lease financing and is on course to achieve $1 billion in annual equipment financing within the next eight years.
The full 2024 Monitor 101+ Ranking Report can be read here.