Arvest Equipment Finance Among Monitor 100
LOWELL, Ark. (Aug. 23, 2016) – Arvest Equipment Finance (AEF) once again has received recognition from MonitorDaily, a leading publication of the equipment leasing and finance industry.
The publication recently released its 25th anniversary issue of the Monitor 100, which includes a ranking of the largest equipment finance/leasing companies in the U.S. Ranked No. 100 in 2014, AEF climbed to No. 93 in 2015.
AEF, a division of Arvest Bank, ended 2015 with $187.6 million in loans and leases. That was up 28 percent from 2014's $146.4 million, according to MonitorDaily.
"We experienced substantial growth last year, largely due to growth within Arvest Bank," AEF Sales Manager Eric Bunnell said. "Our team is diligently engaged with the commercial lenders within our four-state footprint to ensure our customers receive the best possible financial solution to fit their needs."
Additionally, AEF was recognized for its percentage growth in new business volume. AEF grew that segment 99.8 percent in 2015, the fifth-highest mark in the U.S., according to MonitorDaily.
"We have experienced operation and sales support teams in place that allow us to increase production, while still offering excellent customer service to our current customer portfolio," Bunnell said.