The Kansas City Business Journal interviews Commercial Capital CEO, Mitch Rice and COO, Jonathan Yount on surpassing the company’s $165 million goal.
Commercial Capital Co. has more than tripled its business since 2020 and surpassed its goal last year of providing $165 million in equipment lease financing. But even with the growth, the Lenexa company craves more. It has set a lofty goal of reaching $1 billion annually in equipment financing within the next eight years.
With that vision in mind, Commercial Capital invested heavily in updating its software to infuse more automation and efficiency in the financing process. The result: After a company submits an application, Commercial Capital can secure approval and provide financing in just 24 hours.
“The growth should be exponential now. We’ve laid the foundation for it,” said CEO Mitch Rice, whose dad co-founded the company in 1988.
Read the full article written by the Kansas City Business Journal here.