July 27, 2011
COMMERCIAL CREDIT GROUP CLOSES CREDIT FACILITIES TOTALING $125,000,000 WITH WELLS FARGO CAPITAL FINANCE
Charlotte, NC (July 27, 2011) – Commercial Credit Group Inc. (CCG), announced today the closing of a renewal with extended terms of its revolving credit facilities totaling $125,000,000 with Wells Fargo Capital Finance, LLC. Proceeds from the facility will be used to fund the Company's growth and support its existing loan and lease portfolio.
"CCG is extremely pleased to continue its longstanding relationship with Wells Fargo Capital Finance. The facilities will continue to provide a consistent foundation for our Company's expected growth. We are fortunate to have a supportive financial institution such as Wells Fargo Capital Finance as a significant component of our overall financing program and, in particular, their experience and knowledge of the equipment finance sector", said Roger Gebhart, VP and Treasurer of CCG.
About Commercial Credit Group Inc.
CCG is a national independent commercial equipment finance and leasing company focused on purchase money and refinance transactions in the construction, fleet transportation and waste industries. We source our transactions through end-users, equipment vendors and manufacturers. Our typical transaction size ranges from $100,000 to $2,500,000. Headquartered in Charlotte, North Carolina, CCG also has a full-service office in Naperville, Illinois. Our experienced sales team operates throughout the United States. For more information, visit www.commercialcreditgroup.com