Garrington Group of Companies, which was established in January 2019 as part of a greater blueprint to develop a leading North American loan origination, underwriting and operations platform, provided an update on its operations and philosophy since its January 2019 launch following its acquisition of Liquid Capital at the start of the year.
According to the company:
"Our collective vision is to become the premier alternative SME lender in North America, supporting entrepreneurial companies with creative and optimal lending solutions, while providing a source of capital to support SME business development in North America.
Garrington recognizes the under-served market for small businesses attempting to secure working capital from traditional funding sources, based on the ever-increasing banking regulations governing the lending of money to smaller private and public companies. In addition, Garrington has identified, and is looking to capitalize from, the shift by alternative lenders away from smaller funding needs. Understanding the landscape of commercial financing in North America, Garrington has set in motion a plan to create a niche market to fund smaller borrowers on a large scale by adding further resources to its already large origination platform, in an attempt to reach borrowers right across North America.
Throughout the last few years, Garrington structured a plan to attract professionals with a deep knowledge and understanding of commercial lending to help shore up an already strong commercial finance organization. Garrington has rapidly expanded over the last year few years, by adding industry professionals and establishing offices outside of the Canadian and US head offices (Toronto and Dallas, respectively), and by creating satellite offices in Montreal, Austin, Buffalo and Westport. Today, Garrington consists of three unique loan origination teams branded as Blacksail Capital Partners, IconiQ Finance and Liquid Capital, each with its own unique value proposition, and made up of a collective team of over 50 experienced loan originators."
Garrington has also created a support platform for its loan origination network by expanding our industry leading credit and administrative group at Liquid Capital via the newly created LINE Financial, providing the three origination firms with the ability to maximize client performance and retention by providing industry-leading portfolio and risk management.