Commercial Credit Group celebrates 20 years in business
22 October 2024
The founders of CCG wanted to start a company that was an alternative to traditional banks.
ndependent equipment finance company Commercial Credit Group (CCG) celebrated the 20th anniversary of the company’s founding on October 18th with an employee event.
“Twenty years ago, a small group of people had a dream to build an equipment finance company that was different from all the rest,” the company said.
The founders wanted to start a company that was a genuine alternative to traditional banks and that offered custom-tailored solutions for equipment financing. What began in a tiny office in Charlotte outfitted with a card table, folding chairs, phones and a small equity account is now an independent equipment finance powerhouse, employing more than 200 people in four offices and have helped more than 11,000 companies finance the equipment necessary to build and grow their businesses.
In 2017 CCG purchased Manufacturers Capital, adding manufacturing equipment to the construction, transportation, and waste industries the company already served.
Today, founders Dan McDonough and Kevin McGinn are still active in the company, servin
Commercial Credit Group was founded 20 years ago by Dan McDonough and Kevin McGinn.
g as CEO & President, and Senior Vice President, respectively. With their deep-rooted industry and equipment expertise and passion for customer service, they have steered the company through recessions and a pandemic, the company said in a press release.
“We’ve been in business for 20 years because of our customers and our employees,” said McDonough. “Our customers are very proud and hardworking. They care about their businesses and get excited about equipment. Our employees share that enthusiasm and go the extra mile.”
CCG has funded over $7 billion in equipment loans, financing nearly 135,000 pieces of equipment and over 35,000 transactions. Employee count has increased yearly and the company has never had an employee layoff, not even during the recession of 2008 and 2009 or the pandemic, the company said.
“We have several customers that have been with us since the beginning,” said McGinn. “They’ve stayed with us because we have as much passion for their business and equipment as they do. We like what we do as much as they like what they do.”
