MINNEAPOLIS, Jan. 7, 2014 /PRNewswire/ -- Creekridge Capital, a nationwide independent vendor financing company, announced for 2013, it surpassed funding records for both the 4th quarter and the month of December.
Creekridge believes this record-breaking volume is rooted in the continued dedication and service Creekridge consistently provides to their vendor partners, its healthcare customers holding off on purchases until they understood the altered landscape within the industry, and finally, the changing Section 179 tax environment for 2014.
"It was great to see us end the year on such a strong note," stated Jeff Cowan, Co-CEO of Creekridge, "We had projected a strong finish to the year, but this exceeded expectations. One interesting data point is the average deal size we experienced. There were no inordinately large transactions. For the most part, this was standard-sized flow business coming in through our innovative vendor finance program channels."
Greg Larson, Co-CEO of Creekridge stated, "We have very strong relationships with our credit facility providers and are looking forward to continue growing those partnerships in 2014."
About Creekridge Capital
Creekridge Capital® is an independent source of capital providing creative vendor financing solutions primarily to the healthcare and technology industries. Based in Minneapolis, the company has offices throughout the United States. More information is available at www.creekridgecapital.com.
For further information:
Jeff Cowan, Co-CEO
SOURCE Creekridge Capital