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Engs Commercial Finance Co
Commercial Finance, Working Capital, and Commercial Insurance
ENGS' History
ENGS Founded
ENGS opens for business on West Coast financing trucks, trailers, and construction equipment.
ENGS Goes National
ENGS goes national. Sales offices opened across the U.S.
ENGS Purchased
ENGS purchased by current management team and relocated to Chicago.
Investments in Infrastructure
10,000 new credit applications since 2012 acquisition. Significant investments made in infrastructure and IT. Originated $144MM annual volume.
“Top 100 Largest Finance Company in U.S.”
Recognized as a “Top 100 Largest Finance Company In U.S.” and “4th Largest Finance Company” as measured by year-to-year growth. Increased portfolio size by 150% to $250MM; originated $206MM in annual volume.
“5th Largest Independent Lender in U.S.”
Recognized by The Monitor as “5th Largest Independent Lender in U.S.”. Exceeded 100 full-time employees, originated $267MM in annual volume.
ENGS Acquires Connext Financial
Reached $500MM in portfolio. Acquired Connext Financial, making ENGS the largest independent industrial equipment lender in the U.S. Launched insurance division, ENGS Insurance Agency, LLC. Named a “Top Private Independent Lender of 2015” by The Monitor.
Launched ENGS Commercial Capital and Construction Divisions
Launched ENGS Commercial Capital and Construction Divisions. Recognized as a “Top Workplace in Chicago”. Originated $375MM in annual volume.
ENGS Rebrands
ENGS rebranded better reflect its growth in to a national diversified commercial finance business. Recognized by The Monitor as “4th Largest Independent Lender in U.S.” ENGS acquired by MUL (Dec.)
Launched Syndication Buy Desk
Launched Syndication Buy Desk. ENGS successfully integrates into MUL. ENGS implements JSOX. 7 consecutive years of YoY Growth, and once again recognized as “Top Workplaces in Chicago”.
ENGS crosses $1B on balance sheet portfolio
ENGS crosses $1B on balance sheet portfolio. ENGS implements enhanced credit scoring model. Implemented Tamarack Front-End System. Launched Propel. Successfully ported Japanese OEM relationships that delivered $30MM in value. ENGS implemented COVID Payment Deferral program.
ENGS Named Monitor’s Most Innovative Culture
By combining automation with lightning-speed product development and integration, ENGS plays a key role in setting the pace for innovation in the equipment finance industry.
ENGS Named Top Workplace Chicagoland and USA
2021 marks the fourth time ENGS Commercial Finance Co. (“ENGS”) was recognized as a “Top Workplaces” by Chicago Tribune and first time “Top Workplaces USA”.
Sustainable Development Solution Division Launched
ENGS Formally launches the Sustainable Development Solution Division.
The ENGS Mobile App
Manage Your ENGS Account From Anywhere with the ENGS Mobile App.
Everything from viewing and paying your bill to accessing loan and lease documents, to priority access to other ENGS products such as working capital and insurance— all from in the palm of your hand.
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Corporate Office
1 Pierce Place
Suite 1100 West
Itasca, IL 60143
