Spring Garden Lending ranks in the top 30 FASTEST GROWING COMPANIES in the region, according to the Philadelphia Business Journal. The Philadelphia Business Journal compiles an annual List that “provides an inside look at the fastest-growing companies in the region — a likely indicator of businesses we’ll continue to write about in the years ahead.” says the Journal. The businesses are ranked based on revenue growth over the three-year period from 2017 through 2019. In order to qualify, companies had to be headquartered within Greater Philadelphia; have no parent company, and have generated at least $750,000 in revenue in 2017 and at least $2 million dollars in 2019.
Below is our ranking as it appeared in the Philadelphia Business Journal:
No. 29 – SPRING GARDEN LENDING
3-year growth rate: 43.4%
Industry: Real estate lending
Top executive: Jay Goldstein, chairman and CEO
2017 revenue: $3.7 million
2018 revenue: $6.1 million
2019 revenue: $7.5 million
A need for speed is helping fuel rising revenue at Spring Garden Lending. The private lender says it’s seeing the most growth in its short-term financing product that allows for closings in three weeks or less. Spring Garden Lending specializes in bridge and permanent loans to acquire, rehab, construct and refinance real estate investment properties for rent or to flip. In addition to Philadelphia, the company has offices in Baltimore, Washington, D.C., and Lancaster/Harrisburg.