Piedmont Capital Corp., which opened its doors in Colorado Springs in 1994, has experienced such success it recently announced a branch office opening in Denver.
The company provides companies with financing for equipment they need for growth or success. Piedmont writes more than $1 million in leases per quarter, up from $20,000 in 1995. The company also holds the distinction of being one of the few independent leasing companies in the state of Colorado.
The local office, which is at 6290 Lehman Drive, will maintain the controller’s office and sales department. The Denver office, which will be located at 2785 Speer Blvd., will house Piedmont’s credit department and administrative staff.
The company began as a funding company to aid in financing for heavy construction equipment. The company has proceeded to broaden its services to include acquisition methods for high-tech, telecommunications, printing, medical, and brewing equipment for both Colorado and national accounts.
Marketing efforts for the company concentrate on an extensive vendor and end-user database targeted to industries.
Piedmont has a large marketing staff of professionals who are supported by a lease processing and administrative staff and by a fully automated credit department, which will now be located in Denver.
The company went from requiring 25% down and requiring full financial disclosure loan processing to leasing plans that are now based on application only with a small down-payment with credit extended up to $75,000. Piedmont’s leases on two separate pieces of equipment are covered for up to $150,000.