Direct Capital has taken several key steps to expand its Medical Equipment Finance Division. The company has announced that it will allocate nearly $68 million in lending capacity to immediately provide more substantial financing programs to vendors that sell medical, dental, and veterinary equipment. In addition, the company has hired three new vendor sales executives with significant medical equipment financing and leasing experience.
“With the significant expansion of our finance capacity over the last several months, we have identified several key verticals in which we want to substantially increase our investments,” said Paul Ringuette, Vice President of Sales for Direct Capital. “Our Medical Equipment Finance Division is one of our strongest performing and fastest growing vendor programs and we are excited to build on our success in this sector.”
The company recently hired Regis Gallagher, Laura Anderson, and Erik Mohler to develop new finance programs specifically for health care equipment sellers. All three of these sales executives are well established in the medical equipment finance space and the equipment leasing industry in general. With these hires, the company now has sales offices in New York, California, Atlanta, Chicago, Detroit, Ohio, Iowa, and New Hampshire.
“We continue to see more and more medical equipment vendors experiencing pain in securing reliable financing programs for their customers,” said Ringuette. “This is another void that we are well positioned to fill and we are excited to speak with any vendors in this space that wish to deliver a more comprehensive financing program.”
Source: Direct Capital Corp
