For the second consecutive year, Verdant Commercial Capital has been named a Top Workplace in the Greater Cincinnati and Northern Kentucky area by The Enquirer Media.
The Top Workplaces list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage, LLC. The confidential survey measures 15 culture drivers that are critical to the success of any organization, including alignment, execution, and connection.
Verdant Commercial Capital, LLC, the nation’s sixth largest independent equipment finance company, announces the expansion of its funding capacity with the addition of a new $150 million warehouse line of credit provided by Bank of America, N.A.
This additional capacity will allow Verdant to finance even more equipment for its existing vendor clients as well as accommodate the expanding volume of new customers being added to the portfolio every day.
Businesses can get energy efficiency upgrade loans and leases with zero interest under a state program funded by California utilities.
GoGreen Business Energy Financing is administered by the California State Treasurer’s Office and targeted at small and medium-sized businesses.
In greater Sacramento, the approved lenders in the business program are Ascentium Capital, DLL Group and Verdant Commercial Capital.
Sentry Financial and Verdant Commercial Capital closed a $24 million equipment lease of construction equipment, including aerial work platforms and material handling equipment, for an equipment management, leasing and technology company.
Despite a litany of macroeconomic challenges, in another banner year, Monitor’s Top 30 Private Independents built on a record-setting 2021 to produce a 30.8% increase in new business volume in 2022.
The Cincinnati USA Regional Chamber has selected 50 leaders to be part of Class 10 of Cincy Next, a leadership development program produced by the chamber’s Leadership Center.
Cincy Next is designed for emerging leaders in their early 20s to early 30s with less than eight years of professional experience. The program helps them connect with other young talent from across the region and develop both professionally and personally. It covers a variety of professional development topics including personal branding, conflict management and goal setting.
“Cincy Next is all about identifying, connecting, and equipping the region’s future leaders,” Andrea Mersmann, leadership programs manager of Leadership Center at the Cincinnati Chamber, said in a news release. “The program participants will attain tools that will help them grow personally and professionally beyond Cincy Next, while also building relationships and connections to the communities in which they work and live.”
Here are the members of this year's class:
Jeffrey Bogenschutz, senior analyst, Verdant Commercial Capital LLC
Verdant Commercial Capital, LLC, the sixth largest independent equipment finance company in the United States, announced that its 2022 originations were $551MM, an increase of 42% over 2021. Verdant originates leases and loans via relationships with top-tier vendors, OEMs, and dealers of business-essential capital equipment and software.
“Our unique ability to support originations from below $25,000 to more than $50 million across a wide spectrum of credit profiles has made Verdant the go-to source for vendors seeking easy financing solutions for their customers,” said Mike Rooney, CEO of Verdant Commercial Capital. “In addition, Verdant’s vendor business approach continues to prove that strong relationships with high-quality partners produce results that are predictable, sustainable and scalable.”
The Cincinnati USA Regional Chamber has selected its latest class of young leaders.
A group of 57 local employees is part of the 18th C-Change class. C-Change is a 10-month leadership development program produced by the Leadership Center at the chamber and designed for advancing careers in Greater Cincinnati.
“C-Change is an incredible opportunity for leaders in our community to connect with different organizations, learn civic skills, and enhance their own leadership tools,” said Andrea Mersmann, leadership programs manager at the Leadership Center at the Cincinnati Regional Chamber. “These leaders will shape our region’s future, and C-Change offers a platform to cultivate and refine their impact today.”
Here are the members of this year's class:
Bennett Kowalk – vice president, corporate controller, Verdant Commercial Capital LLC
Verdant Commercial Capital, LLC announces that it has again grown its funding capacity.
Verdant’s primary warehouse line of credit, led by Wells Fargo Bank, was increased to $225 million with the addition of Regions Bank as a participant in the lending group. At the same time, the line was extended for two years. Wells Fargo acts as the Administrative Agent for this facility.
Verdant Commercial Capital, LLC, one of the nation’s largest independent equipment finance companies, announces the closing of its inaugural term securitization, Verdant Receivables 2022-1. Verdant provides sales financing by partnering with sellers of capital equipment and computer software.
The transaction was privately issued to a major insurance company. The bonds are backed by a diverse portfolio of equipment lease and loans collateralized by primarily material handling equipment, vocational trucks, and other industrial and manufacturing equipment with an average original ticket size of approximately $130,000.