GRAND ISLAND, NE--(Marketwired - May 24, 2016) - Axis Capital, Inc. (Axis), one of the nation's leading commercial equipment finance companies, announced that it has achieved the second largest year-over-year growth in Monitor's national ranking of Top 25 Vendor Channels. Axis realized a 67.9 percent vendor channel origination increase, while in comparison the top 25 group's average increase was only 6.9 percent. This substantial growth now places Axis at number 20 overall in the top vendor channel ranking.
"We have been extremely focused on expanding our vendor-based relationships and are thrilled with the overall performance and continued growth," said Michael Karman, Axis CCO. "More importantly we appreciate the confidence that our vendor partners continue to place in Axis' comprehensive suite of equipment financing solutions."
In April, Axis announced that the company's cumulative new business origination volume in 2015 increased by 56 percent from $132.2 million to $213 million, resulting in Axis' advancement to 7th place in Monitor's national ranking of Top Independents.
Mostafiz ShahMohammed, Axis Chairman and CEO, said, "Strengthening and diversifying vendor relationships is an essential element of our long-term plan. Together with the recent enhancements we've made to our leadership team and IT infrastructure, we fully expect these positive changes will enable Axis to continue building upon its success going forward."
Axis specializes in providing financing for hard, business-essential assets with longer useful lives and higher values while serving a broad range of markets including: transportation, construction, commercial and industrial equipment, food service, packaging, and printing.
About Axis Capital
Axis Capital, Inc. (Axis), a subsidiary of Amur Finance Company, is a commercial equipment finance company that provides businesses with customized capital financing options. Headquartered in Grand Island, NE, Axis was founded in 1996 and has served as a reliable capital partner to over 15,000 business owners and over 2,000 equipment vendors across North America. Axis offers financing solutions ranging from $10,000 to $2 million across a broad spectrum of industries and its dedicated industry coverage teams work directly with equipment vendors and businesses to quickly and efficiently provide financing solutions tailored to its clients' needs.
For more information, go to axiscapitalfinance.com.
Contact Information:
Contacts:
Jacklynn Manning
Marketing Director
Axis Capital, Inc.
+1 (800) 994-0016 x266