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Key people at Summit Funding.
Summit Funding, Inc. operates as a comprehensive mortgage lender, specializing in a broad range of residential lending solutions. The company facilitates homeownership through various loan programs, including conventional, FHA, VA, Jumbo, USDA, and reverse mortgages, alongside services for both home purchases and refinancing. Their approach integrates personalized service with efficient processing to simplify the home financing journey for clients.
The company was established in 1995 by its founder and CEO, Todd Scrima. Scrima's vision for Summit Funding, Inc. emerged from an understanding that the mortgage process could be more supportive and empowering for individuals. He built the organization on a "yes you can" philosophy, aiming to cultivate an environment where partners, clients, and employees are encouraged to achieve their personal and professional aspirations.
Summit Funding, Inc. primarily serves individuals pursuing homeownership or seeking to refinance existing mortgages. The company's mission centers on delivering an enhanced customer experience in the mortgage sector, prioritizing individual needs and fostering genuine relationships. It envisions empowering clients to realize their life goals by providing quality mortgage services and a dedicated approach to home financing.
Summit Funding Group, Inc. is a Cincinnati-based equipment financing company specializing in leasing and financing solutions for businesses across nearly every U.S. industry, combining boutique service with bank-like financial strength.[2][3] Founded in 1993, it originated over $4.5 billion in equipment leases and managed $1.2 billion in assets before its 2021 acquisition by First Financial Bancorp, becoming the fourth largest independent U.S. equipment financing platform with a portfolio of approximately $1 billion in original equipment cost across over 4,000 leases.[2][3] It serves companies of all sizes by offering flexible structures to maximize cash flow, minimize taxes, and reduce capital outlays, focusing on high-quality, repeatable originations through relationships with equipment manufacturers, vendors, and end users.[2][3]
Post-acquisition, Summit Funding Group operates as a First Financial Bank company, continuing to provide nationwide equipment financing while leveraging synergies for growth and enhanced profitability.[3][6]
Summit Funding Group was founded in 1993 in Cincinnati, Ohio, growing rapidly into a leader in equipment financing through its reputation for integrity, equipment expertise, and customer service.[3] By 2021, it had established long-standing relationships with original equipment manufacturers, vendors, and end users, enabling diversified financing across various equipment types and structures nationwide and in Canada.[3] A pivotal moment came on December 7, 2021, when First Financial Bancorp announced its acquisition of Summit, aligning with a partner committed to credit excellence and positioned for significant growth through funding synergies.[3] This evolution transformed Summit from an independent platform managing $500 million in outstanding balances into an integrated unit of a larger banking entity with 139 branches and nationwide lending capabilities.[3]
Summit Funding Group rides the trend of equipment-as-a-service and flexible financing in a capital-constrained environment, enabling businesses—especially in manufacturing, logistics, and tech-enabled sectors—to scale without heavy upfront capital outlays.[2][3] Its timing aligns with post-pandemic supply chain recoveries and rising demand for equipment upgrades amid inflation and interest rate shifts, where nimble leasing mitigates ownership risks like depreciation and maintenance.[2] Market forces favoring it include the growth of asset-based lending and residuals pricing on hard assets, bolstered by First Financial's nationwide reach, which amplifies its influence in supporting industrial tech adoption and vendor ecosystems.[3][6]
Summit Funding Group is poised for accelerated expansion under First Financial, unlocking growth through shared resources and credit synergies while maintaining its edge in diversified equipment financing.[3] Trends like AI-driven manufacturing, electrification of fleets, and sustainable asset upgrades will shape its trajectory, potentially driving portfolio growth beyond $1 billion as businesses prioritize leasing for agility.[2][3] Its influence may evolve by deepening integrations with tech vendors, influencing the ecosystem toward more accessible capital for equipment innovation and tying back to its core strength in empowering business growth through peak financial performance.[2]
Key people at Summit Funding.
