January 15, 2010
COMMERCIAL CREDIT GROUP CLOSES CREDIT FACILITIES TOTALLING $175 MILLION
Charlotte, NC (January 15, 2010) – Commercial Credit Group Inc. (CCG), announced today the closing of extended term, revolving credit facilities totaling $175,000,000. The facilities are provided by Wells Fargo and Key Bank. Proceeds from the facility will be used to fund the Company’s growth and support its existing loan and lease portfolio.
“These facilities are an extension of our long term, valued relationship with Wells Fargo and Key. They will provide a continuing, consistent foundation for our company’s continued growth. We are fortunate to have to have these institutions as financing providers for CCG and in particular, their knowledge of and commitment to the equipment finance sector.”, said Roger Gebhart, VP and Treasurer of CCG.