CG Commercial Finance: CG Commercial Announces Several Major Fundings in Q4 2017

CG Commercial Finance completed a strong calendar year 2017 with a number of significant new account fundings during the fourth quarter across a series of industries, assets types, and credit profiles. Q4 fundings included the following:$8.5MM production line for a food processing company including 25 progress fundings over a fifteen month period$8.5MM manufacturing equipment for an auto parts manufacturing company including six months of progress fundings and foreign currency$11.6MM of production equipment for a plastics manufacturing company including progress fundings during overseas delivery and foreign currency$6MM sale and leaseback for a drilling rig of an onshore drilling contractor$2.7MM of solar power generation system for a utilityThe company is on track for double digit year over year originations growth.