Scottsdale, AZ, August 22, 2008 --(PR.com
)-- Summit Commercial Finance announces that for the second consecutive year they have ranked on the Inc. 5000 Fastest Growing Private Companies list. Summit Commercial Finance has been ranked no. 2238 overall, no. 61 of the Top 100 Companies by Region and no. 97 of the Top 100 Companies by Industry - Financial Services. The list is the most comprehensive look at the most important segment of the economy – America’s independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.
Founded in 1998, Summit Commercial Finance has emerged as a leader in the equipment finance industry. Serving thousands of businesses nationwide, Summit strives to anticipate each customer's needs and customize programs to help them succeed. “Summit Commercial Finance is privileged to be in the company of the elite organizations recognized by the Inc. 5000 and believe that this accomplishment is a direct reflection of our commitment to our customers and employees,” said Summit Commercial Finance founder, President & CEO, Scott C. Forrest.
The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Summit Commercial Finance has continued to hire new employees and plans to increase their new hires by more than 25% in 2009.
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, for profit, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
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About Summit Commercial Finance
In 1998 Summit Commercial Finance began offering leasing and financing solutions to it’s customers with exceptional service and commitment. Since that time Summit has become a nationwide leader in the industry and has experienced extraordinary growth. Headquartered in Scottsdale, Arizona, Summit has proven itself through a superior level of professionalism, flexibility and efficiency. Summit Commercial Finance is a member of the United Association of Equipment Leasing. For more information, please visit www.SummitCommercialFinance.com