Equipment Finance News

GreatAmerica Financial Services assets reach $2bn in its 25th year

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The value of assets at GreatAmerica Financial Services has passed the $2 billion mark as the company celebrates its 25th anniversary.

GreatAmerica is among the largest independent small ticket national commercial equipment finance companies in the US.

A family-owned business, it was established in Cedar Rapids, Iowa, in 1992 and is now organized into seven business units.

It has a staff of more than 500 employees with offices in Georgia, Minnesota, and Missouri.

Tony Golobic, chairman and CEO of GreatAmerica, said: “Our longevity and success has had everything to do with the bond between our loyal partners and our exceptional employees.

“We have been fortunate to have strategies in place that drive us to constantly re-evaluate where we are in providing the best value-add services for our customers. Their needs have changed over the years, and we continue to evolve to create a frictionless platform to help them become more successful and differentiate.”

Carol Mitschke, owner of Frontier Business Products and one of the first GreatAmerica customers, said: “Tony [Golobic] changed the paradigm in the leasing business.

“He understood that he needed to partner with the office equipment dealer on the financing piece, and be invested together to make sure customers were happy and stayed with their dealer.”