Direct Capital Named 4th Largest Independent Finance Provider
June 27, 2012 // Franchising.com // PORTSMOUTH, N.H. - Direct Capital is now the fourth largest private independent finance provider in the United States, according to the Monitor – a leading equipment finance industry publication.
In compiling its annual Top Private Independents list, Monitor ranks companies solely on new business volume in the previous year. Direct Capital was one of only four U.S. companies to surpass $225 million in new business volume in 2011. Direct Capital also earned the greatest year-over-year growth among the top five companies, with a 56.7% jump in new business volume.
"2011 was a terrific year for our company," said Direct Capital CEO James Broom. "We placed extraordinary focus on providing a remarkable experience for our customers and partners and the net result was very strong growth in what is still a very challenging economic environment. I am proud of what our company has accomplished and we look forward to continuing to improve on our success."
About Direct Capital
Established in 1993, Direct Capital provides financing for small- to mid-ticket equipment and technology purchases, working capital, and business loans. The company is headquartered in Portsmouth, N.H. and operates offices in New York, California, and Georgia. You can follow Direct Capital on Twitter at http://twitter.com/DirectCapital or subscribe to its PointBlank blog at http://blog.directcapital.com.