ENGS Commercial Capital Launches Floor Plan Finance Program
ENGS Commercial Finance Co. (‘ENGS’), an industry leading commercial finance company, is pleased to announce that its Working Capital subsidiary, ENGS Commercial Capital (“ECC”), is offering Floor Plan Financing to qualified dealers and equipment manufacturers. “ENGS is committed to helping our OEM and vendor partners grow their businesses. ENGS is already an industry leader in […]
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In Memoriam: David Stearns, Sr. Vice President – Industrial Equipment Division
It is with great sadness that we share the news that David Stearns, our Sr. Vice President – Industrial Equipment Division at ENGS Commercial Finance Co. (“ENGS), passed away as the result of a terrible motorcycle accident on Saturday, July 25. David was a remarkable leader who cared about his clients and co-workers and was […]
Read MoreENGS IS THE PILLAR OF STRENGTH IN THIS PANDEMIC
We are excited to provide an update from our last communication letting you know ENGS Commercial Finance Co. (‘ENGS’) continues to be committed to you and the industry and is here to help your business through this crisis. We believe consistent and clear communication with our clients is always important, and even more so today. […]
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How To Take Advantage of the SBA Through The Cares Act
Here at ENGS, we consider all of our customers to be part of the ENGS’ family. As the COVID-19 pandemic continues and many businesses change with the new economic realities, we wanted to stress how important it is for our customers to take advantage of all the benefits that the newly enacted CARES Act provides […]
Read MoreLending A Helping Hand
To Our Valued Clients, While we miss our personal meetings with you, we want you to know we are here working hard to keep your business moving forward. Even though we are working virtual, we have not missed a beat. We have some of the best tools in the industry enabling us to deliver the […]
Read MoreENGS’ Response To The Global Pandemic
To Our Valued Clients We hope this message finds you and your family, friends, and colleagues all well and safe. We are in the midst of a historic time, dealing with a global pandemic and the related uncertainty. This is a time for coming together and supporting each other even if it is done in […]
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ENGS Commercial Finance Co. Announces Biggest Year In Company History Achieving Record Volume of $687MM in 2019
ENGS Commercial Finance Co. (“ENGS”), a subsidiary of Mitsubishi UFJ Lease and Finance (“MUL”) company, a prominent global leasing company headquartered in Japan and publicly listed on the Tokyo and Nagoya Stock Exchanges, achieved record-breaking origination volume in 2019. Reporting its most successful year in the company’s history, ENGS financed a total of $687 million […]
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Monitor Daily: ENGS Commercial Finance Breaks Q4 Origination Record with 44% Y/Y Increase
As reported by Monitor Daily: ENGS Commercial Finance, a Mitsubishi UFJ Lease and Finance company, achieved record-breaking originations in Q4/19. In December, ENGS funded a single month record of $115 million, and for the quarter, ENGS funded $222 million. This represents a 72% monthly and 44% quarterly increase in year-over-year originations. Craig Weinewuth, president and […]
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ENGS Commercial Finance Co. Named A 2019 Top Workplace By The Chicago Tribune — AGAIN!
ENGS Commercial Finance Co. (“ENGS”), a Mitsubishi UFJ Lease and Finance (“MUL”) company, announced it has been recognized as one of Chicago’s most dynamic and industry leading businesses by the Chicago Tribune for the Top Workplaces 2019. This is the second time in last three years that ENGS has been honored with this distinction. Top […]
Read MoreThe Evolution of an Independent – Monitor Daily
Recently in a Monitor Daily article discussing the changing landscape of commercial finance, ENGS CEO Craig Weinewuth shares the ENGS Commercial Finance Co. journey from regional independent finance company through meteoric expansion to the recent acquisition by Mitsubishi UFJ Lease & Finance. Writer Dale Kluga begins: “There has been a flurry of M&A activity recently […]
Read MoreENGS Commercial Capital Welcomes Lorraine Julius
ENGS Commercial Capital (ECC), a subsidiary of ENGS Commercial Finance, a Mitsubishi UFJ Lease & Finance Company, is pleased to announce that Lorraine Julius has joined as Senior Vice President, Business Development Manager. In this role, Lorraine will be responsible for new business origination and other business development objectives in the western U.S. As a […]
Read MoreMitsubishi UFJ Lease & Finance Acquires ENGS Holdings, Inc.
ITASCA, IL – December 4, 2018 – ENGS Commercial Finance Co. (”ENGS”), an industry leading commercial finance company, is pleased to announce that it has closed on the sale of all shares of ENGS to Mitsubishi UFJ Lease & Finance Company Limited (“MUL”). MUL is a prominent global leasing company headquartered in Tokyo and its […]
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ENGS Commercial Finance Acquired by Mitsubishi UFJ Lease & Finance
ENGS Commercial Finance announced its shareholders, led by Aquiline Capital Partners, a New York-based private equity firm investing in financial services, have entered into an agreement to sell all shares of ENGS to Mitsubishi UFJ Lease & Finance Company(MUL). MUL is a prominent global leasing company headquartered in Tokyo and its principal shareholders include Mitsubishi Corporation, a […]
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ENGS Commercial Finance Reaches Landmark Origination Milestone
ENGS Commercial Finance reached a significant milestone of funding $113 million in Q1/2018, representing 33% year-over-year growth, the highest origination quarter in the company’s history. “We are thrilled with our continued growth as an industry leader in the commercial finance market,” said Craig Weinewuth, president and CEO of ENGS. “Funding in excess of $100 million […]
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ENGS Commercial Finance Closes $225.4MM Equipment Securitization
ENGS Commercial Finance closed a $225.4 million equipment securitization on March 22, 2018 through ENGS Commercial Finance Trust 2018-1. This is ENGS’ third securitization transaction since 2015, collateralized by a segregated pool of commercial loan contracts primarily financing commercial trucks and trailers. The securitization included classes of notes rated AAA(sf) to BB(sf) by DBRS, based on, […]
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ENGS Commercial Finance Reaches 100K Credit Applications
ENGS Commercial Finance reached a significant milestone, processing more 100,000 credit applications since June 2013, when the company began tracking the number of applications received. “This is a proud accomplishment and illustrates the tremendous effort our entire team puts forth every day to process these credit applications on a timely basis for our customers and vendor […]
Read MoreENGS CF Announces Office Relocation to Accommodate Growth, Overall Expansion
ENGS Commercial Finance Co. has announced the relocation and expansion of its corporate headquarters to a new, much larger space in Itasca, Ill. In advance of the move, ENGS has also completed a major rebranding, which is part of an overall companywide initiative to unify the brand and support the overall growth of the business. “We […]
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ENGS Launches E-Signature Documentation for Transportation Division
ENGS Commercial Finance launched a secure electronic signature documentation solution for its Transportation division. This solution, which is among the first of its type in the commercial equipment finance space, has already been successfully implemented in ENGS’s Industrial and Construction divisions, and is now available to its Transportation customers. “Having the ability to sign documents electronically […]
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ENGS COMMERCIAL FINANCE CO. HONORED AS ONE OF CHICAGO’S TOP WORKPLACES
ENGS Commercial Finance Co., one of the largest independent commercial finance companies in the U.S., announced today it has been recognized as one of Chicago s most dynamic and industry leading businesses as part of the Chicago Tribune’s and Better Business Bureau’s Top Workplaces for 2017. Top Workplace companies were selected after review of over […]
Read MoreENGS Commercial Capital Closes On A $2.5MM Factoring Facility
ENGS Commercial Capital, a division of ENGS Commercial Finance Co. ( ENGS ), announced that it closed on a $2.5MM factoring facility in the staffing space for an agency that provides skilled labor to the construction industry. In the last 90 days, ENGS funded factoring relationships totaling over $6MM in commitments. The new business represents […]
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