Company News

ENGS 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 […]

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Mitsubishi 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 […]

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ENGS 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 […]

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ENGS 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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ENGS Commercial Finance Co. Expands Its Current Office Locations and Welcomes New Team Members To Its Factoring Subsidiary

ENGS Commercial Finance Co. ( ENGS ), an industry leading commercial finance company, has announced the expansion of two office locations as well as additional team members to the company s Factoring subsidiary, ENGS Commercial Capital ( ECC ). Joining the company are Bronwyn Hobson, Vice President, Risk Management; Patrick Eakins, Vice President, Business Development […]

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ENGS Commercial Finance Co. Launches Electronic Signature Documentation

ENGS Commercial Finance Co., an industry leading commercial finance company, announced today that it has launched a secure electronic signature ( E-Signature ) documentation solution for its dealers and customers. This solution, among the first of its type in the commercial equipment finance space, provides the company s clients with a convenient, fast and efficient […]

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ENGS Commercial Finance Closes $100MM Securitization Warehouse Facility with Bank of Montreal

Lisle, IL Engs Commercial Finance ( ENGS ) announced today that it has closed a $100MM securitization warehouse facility with the Bank of Montreal ( BMO ) as Lender and BMO Capital Markets Corp. as Agent. This facility adds incremental liquidity to ENGS existing $455 million credit facility, and further supports the growth initiatives at […]

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ENGS Commercial Finance Closes $75MM Commitment From PNC Bank

Lisle, IL Engs Commercial Finance Co. ( ENGS ) announced today that it has added PNC Bank ( PNC ) and its $75MM commitment to its $455MM ABL credit facility. PNC will assume the roles of Syndication Agent and Joint Lead Arranger on the transaction. The ABL facility is agented by the Bank of Montreal. […]

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Christopher Kelly Joins ENGS Commercial Finance Co. To Lead Its New Construction Division

ENGS Commercial Finance Co., an industry leading equipment commercial finance company, announced today that Christopher Kelly has joined the company as the Director of Sales of its newly launched Construction Division. In this role, Mr. Kelly will be responsible to develop ENGS into a nationally recognized market leader in Construction equipment finance. Mr. Kelly brings […]

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Tom Miller Joins ENGS Commercial Finance Co. As Director of Sales For Its Industrial Division

ENGS Commercial Finance Co., an industry leading commercial finance company, announced today that Tom Miller has joined the Industrial Equipment team as Director of Sales. In this role, Mr. Miller will be responsible for the leadership of the Industrial Sales team, growing the sales team, and developing new opportunities for the company. Mr. Miller brings […]

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ENGS Commercial Finance Welcomes New Team Members To Its Factoring Division

ENGS Commercial Finance Co., an industry leading commercial finance company, announced today the addition of new team members to the company s Factoring Division, ENGS Commercial Capital ( ECC ). Joining the company are Nicole Montrone, Vice President, Sales; Leslye Campos, Vice President, Operations; Azurdee Ramasar, Assistant Vice President, Portfolio Manager; Richard Nevin, Business Development […]

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ENGS Commercial Finance Launches New Factoring Division – ENGS Commercial Capital

For 65 years, ENGS Commercial Finance Co. has been a constant in the transportation industry helping our customers like you expand their businesses – through all the peaks and valleys of our wonderful industry. Our commitment to you and the transportation market continues today We understand your need for a reliable cash flow solution to […]

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ENGS Commercial Finance Co. Closes $198.6MM Equipment Securitization

Engs Commercial Finance Co. (“Engs”) (https://www.engsfinance.com) closed a $198.6 million equipment securitization on November 4, 2016 through Engs Commercial Finance Trust 2016-1. This is Engs’ second 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 R- 1(high) (sf) by DBRS, the […]

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ENGS COMMERCIAL FINANCE CO. ACQUIRES CONNEXT FINANCIAL, LTD.

[vc_row][vc_column width=”2/3″][vc_column_text]Chicago, IL, October 3, 2016 – Engs Commercial Finance Co., one of the nation’s oldest and largest independent commercial finance companies, and Connext Financial, Ltd., a leading lender in Industrial Equipment finance, jointly announced today that they have entered into definitive agreement under which Engs Commercial Finance Co. acquired all the outstanding shares of […]

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