Verdant Commercial Capital Grows Funding Capacity with New $150 Million Warehouse Line of Credit

CINCINNATI--(BUSINESS WIRE)--Verdant Commercial Capital, LLC, the nation’s sixth largest independent equipment finance company, announces the expansion of its funding capacity with the addition of a new $150 million warehouse line of credit provided by Bank of America, N.A.

This additional capacity will allow Verdant to finance even more equipment for its existing vendor clients as well as accommodate the expanding volume of new customers being added to the portfolio every day.

“Diversity of funding sources coupled with sufficient committed lines of credit are critical in supporting our continued business growth,” said Verdant Chief Financial Officer Robert Moskovitz. “With approximately $500 million in warehouse capacity, plus access to the debt capital markets, Verdant has a sound financial base to meet the demands of our equipment vendor partners.”

“We’re appreciative of Bank of America’s support of the Verdant platform, especially in a time of upheaval in the banking segment when many banks may be retrenching,” said Verdant Chief Executive Officer Mike Rooney. “Despite the headlines of economic slowdown, so far in 2023 Verdant has experienced strong origination demand and growth.”

ABOUT VERDANT COMMERCIAL CAPITAL

Verdant Commercial Capital is the sixth largest independent equipment finance company in the United States. Verdant provides financing solutions for the acquisition of business essential equipment and software in six industries: Industrial; Manufacturing; Specialty Vehicle; Golf, Sports & Entertainment; Renewables & Energy Efficiency; and Technology & Office Automation. Verdant brings partners the ability to fund business with transaction sizes from below $25,000 up to $100 million. The company is headquartered in Cincinnati and has offices in Dallas, Detroit, Los Angeles and Minneapolis. Verdant was named a 2022 Top Workplace by The Enquirer Media. For more information, visit www.verdantcc.com.