Enterprise Funding Group Adds John P. Groves as Vice President-Credit

Grand Rapids, MI , July 9, 2007 - Enterprise Funding Group LLC has announced the addition of John P. Groves as Vice President -- Credit. In the newly created position, John will oversee the credit and funding operations of the growing equipment finance company.

Mr. Groves brings extensive industry experience to Enterprise, including 20 years at The CIT Group. More recently John was with Waste Management and Atlas Oil, both in credit management capacities.

Fred Croft, Enterprise’s CEO, is pleased with the new hire. Fred said, “As Enterprise has grown substantially, it has become necessary to develop a more departmentalized organizational structure. By recruiting the best talent available, we can better support our originators, customers and employees. I am extremely pleased with the management team that we have established here at Enterprise, and we are positioned well for our future growth plans.”

About Enterprise Funding
Enterprise Funding Group, founded in 1996, is an equipment finance company that provides lending and leasing services to small and medium sized businesses across the country, with a focus on income-producing capital equipment in the construction, manufacturing, healthcare and selected service industries. The company’s website is www.enterprisefundinggroup.com.

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