IRVINE, Calif.--(BUSINESS WIRE)--It is an excellent time to be in small business financing. A strong economy, combined with less restrictive regulations on the banking industry, has created an atmosphere ripe for small business lending. Not only are things good, but at Crestmont Capital, they have never been better. The company announced they funded over $11 Million in business funding in March, beating February’s mark by over 7 percent and setting a record for its strongest month in history. The record month helped round out a fantastic quarter for the company in which Crestmont funded over $40 Million for over 400 small businesses nationwide.
Crestmont Capital’s small business lending division specializes in providing financing options for small-to-medium sized businesses. The average loan size among Crestmont's small business customers went up 15% in the past quarter to $94,153, with the top three industries in their portfolio including construction, healthcare, and manufacturing. Crestmont’s substantial funding volume is primarily due to enabling small businesses to access capital quickly, with 85 percent of companies receiving funding within three days of applying.
Speaking on the record numbers, Gregory Keleshian, Chief Executive Officer for Crestmont Capital said, “We once again emphasized our claim to leadership in the first quarter: with more than $11 Million funded in March, we achieved our strongest-performing month of all time and our best quarter ever. We believe that with consumer confidence soaring, small business owner optimism at an all-time high and a pro-business president we will continue to thrive in 2018.”
It is a record-breaking start to the year so far for Crestmont, and it looks like it is well on its way to another record year.
About Crestmont Capital
Crestmont Capital’s portfolio of loan products and advisory services offers small businesses resources well beyond those provided 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.