Creekridge Capital Surpasses $1 Billion in Funding Milestone; Adds Several New Vendor Partners
MINNEAPOLIS, May 12, 2015 /PRNewswire/ -- Creekridge Capital, a nationwide independent vendor financing company, surpassed $1 billion in funded volume and added several new vendor partners in 2015.
From the period 2002 forward, Creekridge Capital has surpassed $1 billion in funded lease transactions. "Given our average transaction size of just over $100,000, this is quite an accomplishment for our company and our team," stated Co-CEO Jeff Cowan, "We continue to emphasize our hard work ethic in a comfortable, energized environment as one of the key factors in our growth and success."
"This milestone validates our knowledgeable, relationship focused financing solutions by our equipment manufacturers and distributors we serve," stated Co-CEO Greg Larson.
Creekridge credits its success to having created a vendor originations platform that is specialized in providing innovative program solutions to key niche industries and the quality of employees the company has been fortunate to hire. Since its inception, Creekridge has focused on building out its vendor platform to be among the top in the nation and it has succeeded. Today, the company has a broad array of product offerings including a Micro Ticket program, Reagent Rentals, Revolving Credit programs and Pre-Funding for its contractual vendor partner portfolio.
Since the beginning of this year, Creekridge continues to grow and has signed formal vendor partnerships with three large scale vendors and is in current negotiations with five additional new partners in general manufacturing, healthcare and technology markets – all of which are expected to close during the first half of this year.
About Creekridge Capital
Creekridge Capital® is a privately owned and independently operated vendor finance company. We serve all industries, but focus on healthcare and technology. We provide a unique service to manufacturers of equipment and software in the form of vendor programs that are creative, competitive and professionally administered. For more information, visit www.creekridgecapital.com.
Jeff Cowan, Co-CEO
Creekridge Capital
P: 952.826.7868
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SOURCE Creekridge Capital
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