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GSG Financial Announces 50 Percent Annual Originations Increase

Monday, February 17, 2014

Press release from the issuing company

Brooklyn, NY - GSG Financial, a leading source for flexible equipment financing solutions, announced today its annual originations increased by 50 percent when compared to prior year. 

"This year-over-year increase in origination volume represents our eleventh year of consecutive growth, driven by increases in both legacy and new market sectors" said President Kiran Kapur.

GSG reported strong originations across all of its key market verticals. Management highlighted diversification of GSG's vendors as a key driver behind the notable gain. GSG's four main verticals entering 2014 include Converged Technologies, Diversified Industrial, Copy & Print, and Energy.

The company has also recently seen an increase in larger ticket fundings. "Leveraging the competencies already in place, we are able to capitalize on bigger transactions in our target markets," said Chief Executive Officer Andrew A. Bender. "Our operational, sales, and leadership teams draw from a strong focus on customer service while customizing solutions to meet vendors and end users financing needs. We continue to invest in building those competencies which allow us to support greater volume as we open new business channels."

GSG enters 2014 with positive momentum having recently established its End User and Vendor Finance business units. Looking forward, GSG will place special emphasis on maintaining the current pace of selective growth while retaining the flexibility needed to capitalize on new opportunities as they arise.

"As the industry continues to strengthen, we still see many pockets that are underserved across vendor and end user market segments," said Kapur. "That is where our growth efforts will be focused."

 

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