Lenexa-based company adds leadership position to support aggressive growth trajectory.
Lenexa, Kansas – April 29, 2024 — Commercial Capital Company, a provider of capital equipment financing to businesses and equipment vendors, today announced the hiring of Seth Seely as Director of Credit. This new role aims to fortify the company’s foundation and support its ambitious growth trajectory.
Seely will spearhead efforts to formalize credit processes, ensuring the company is well-prepared to handle current and future growth. Previously, Seely was a Vice President of Commercial lending for the Central Bank of the Midwest, covering the Kansas City Metro area.
Seely’s responsibilities include leading the overall credit function, including designing and implementing processes to improve cash flow, approve credit, extend current credit lines, and manage past-due accounts. His banking expertise will be instrumental in developing budgets, policies, and procedures to support Commercial Capital Company’s functional infrastructure.
“Seth brings a wealth of experience to this new role, having worked closely with the executive team for several years in the banking sector. His deep respect for our values and vision and his eagerness to tackle new challenges make him an invaluable addition to the team,” said Mitch Rice, Commercial Capital CEO.
Commercial Capital launched in Kansas City in 1985 and has offices in Lenexa. The company currently serves nearly 3,000 customers nationwide, from start-ups to Fortune 500 companies, and offers financing solutions valued from $5,000 to $10M. The team at Commercial Capital has more than doubled since 2020 from 23 to 50 full-time employees.
“I have a lot of respect for the company, its vision, and the growth I’ve seen over the past several years. I’m excited to take on this new challenge and look forward to contributing to the company’s ongoing success,” said Seely.
Seely’s appointment marks a significant milestone for Commercial Capital Company in strengthening its leadership team and positioning itself to reach $1B a year in equipment financed within the next eight years.
“We’re thrilled to have Seth as our new Director of Credit. His extensive experience and deep understanding of our business make him the perfect fit for this crucial role as we continue to scale while delivering a best-in-class customer experience,” said Jonathan Yount, Commercial Capital COO.
Seely joins new marketing manager Alexandra Patterson and Collections Manager Oscar Farinas as the first leadership hires of 2024, bringing the commercial capital roster to 52.
About Commercial Capital
Commercial Capital Company is a financial services company that strategically advises to create real-time value, ensuring client success. Commercial Capital Company provides the best capital equipment financing experience by working alongside businesses and equipment vendors to find a bespoke, tailored lease-financing option to suit each capital-equipment purchase based on client needs and objectives.
