PORTSMOUTH, N.H. (May 15, 2013) - — Direct Capital has been recognized as one of the 25 Most Active Players in the Vendor Finance Channel, according to Monitor. With 2012 new volume growth rate of 56%, the company continued its ascent up the Monitor’s annual list. Based on new volume, Direct Capital is now the 2nd largest independent vendor finance company and among the Top 5 in overall organic growth.
The company, one of the nation’s leading providers of vendor financing, has committed $500 million in vendor financing for 2013 to meet rapidly increasing demand in the space.
“Vendors who have access to Direct Capital’s cutting-edge financial solutions are better positioned to close sales and deliver value to customers,” said John Donohue, Senior Vice President at Direct Capital. “Our goal is and always has been to provide vendors and their customers with competitive pricing, fast turnaround and a truly remarkable experience throughout the finance process.”
Direct Capital’s Net Promoter Score—which measures customer satisfaction—reached 65% versus a financial industry average of 23%. That score is driven by the company’s commitment to providing affordable, easy-to-use finance solutions to help vendor partners ranging from Apple to Ryder, and to help local small businesses like InfoStep obtain needed equipment upgrades.
“Over the past six years, our business has purchased phone systems, computer software and hardware and various pieces of networking equipment. We’re very pleased with the work we’ve done with Direct Capital, and we know that our next equipment purchase will be as simple as the last,” said Latha Anisingaraju of InfoStep.
To learn more about Direct Capital’s vendor financing programs, visit this link.
About Direct Capital
Established in 1993, Direct Capital (www.directcapital.com) is a financial technology company that delivers financial solutions for small & medium sized businesses, franchisors, and equipment and technology sellers. The company is headquartered in Portsmouth, N.H. and operates offices in New York, California, and Georgia. You can follow Direct Capital on Twitter at http://twitter.com/DirectCapital or subscribe to its PointBlank blog at http://blog.directcapital.com/.