IRVINE, Calif.--(BUSINESS WIRE)--Crestmont Capital, a leader in small business lending, today announced that it had facilitated more than $100 million in financing to over 1,000 small businesses across the U.S. thus far in 2017. Crestmont Capital’s small business lending division specializes in providing financing options for small-to-medium sized businesses. The growth milestone comes after a 240 percent increase in loans originated in the last fiscal year, and less than two years after it launched its small business lending division.
The average loan size among Crestmont's small business customers is $81,873 with the top three industries in their portfolio including construction, healthcare, and manufacturing. Crestmont’s substantial funding volume is largely due to enabling small businesses to access to capital quickly, with 85 percent of businesses receiving funding within three days of applying.
"$100 million in originations thus far in 2017 is a significant milestone for us in filling the sizeable gap in small businesses access to credit. As we pursue opportunities to expand and supplement our market share, we look forward to continuing to serve the significant needs of the American small business owner," said Gregory Keleshian, CEO of Crestmont Capital.
About Crestmont Capital
Crestmont Capital’s portfolio of loan products and advisory services offers small businesses resources well beyond those offered by traditional banks. The financial analysts and consultants who make up the lending divisions of Crestmont Capital have assisted in facilitating the capital requirements for thousands of small businesses across multiple industries nationwide.
For more information about Crestmont Capital, visit www.crestmontcapital.com.