New Corcentric Capital Equipment Solutions and Customers Commercial Finance Establish Finance Funding Agreement
CHERRY HILL, NJ, Feb. 23, 2023 — Corcentric Capital Equipment Solutions (“CCES”), a business of Corcentric and leading provider of capital equipment, fleet procurement, supply management, and remarketing services, announced today it has established an equipment finance funding agreement with Customers Commercial Finance, LLC, a nationally recognized equipment leasing and finance firm, based in Portsmouth, New Hampshire.
“We are pleased to align with Customers Commercial Finance, a seasoned team of equipment finance professionals with deep-domain expertise,” said Ray Ellingsen, senior vice president of Syndication and Operations at Corcentric Capital Equipment Solutions. “It provides additional credit experience and asset knowledge, further enabling the funding capacity and spectrum of Corcentric’s financial solutions.”
CCES’s agreement with Customers Commercial Finance demonstrates the company’s strong relationships with banking partners and commitment to provide equipment finance funding solutions to its growing client base. With this agreement, Customers Commercial Finance joins Corcentric’s established best of breed National Funding Network Partners.
“We’re excited to be part of CCES’s reputable funding network and support tailored financing solutions for fleets across all industries,” said Samuel H. Smith III, president of Customers Commercial Finance.
Corcentric is a leading global provider of payments, procurement, accounts payable, and accounts receivable solutions to enterprise and mid-market companies. Corcentric delivers software, advisory services, and payments focused on reducing costs, optimizing working capital, and unlocking revenue. To learn more, please visit fr.corcentric.com.
About Customers Commercial Finance
Customers Commercial Finance, LLC (CCF) is an equipment finance and leasing firm delivering the best of both worlds: the responsiveness and deep-domain expertise of a specialty finance company coupled with the stability and low cost of a growing bank. Based in Portsmouth, NH, Customers Commercial Finance services a nationwide client base, focused on several industry silos including Transportation, Specialty Vehicle, Plastics, Packaging, Crane/Construction, Marine, Aircraft, and others. For several years, CCF has been named to the Monitor 100, showcasing the leading equipment finance and leasing firms in the US. CCF is a subsidiary of Customers Bancorp, providing a number of national corporate banking services including Equipment Finance. Customers Bancorp, Inc. is one of the nation’s top-performing banking companies with over $20.9 billion in assets.
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Corcentric is a leading global provider of payments, procurement, accounts payable, and accounts receivable solutions to enterprise and middle-market companies. Corcentric delivers software, advisory services, and payments focused on reducing costs, optimizing working capital, and unlocking revenue. To learn more, please visit corcentric.com.