Hawkeye Management, now LenCred, was named to the new Inc 500 list of fastest growing privately held companies in the U.S. We are excited to be part of such a great group of companies with so many great leaders and great people. As a company who provides small business loans and working capital to both new and established businesses, we are planning to continue our growth for several years to come.Additionally, we have two offices; the corporate office is in Blackwood, NJ and our home office, where we have a 10,000 sq. foot space is in Bentonville, AR. 90% of the companies 40+ employees are located in the Northwest Arkansas location.
The Inc 500 list is in its 32nd year. According to Inc Magazine, this was the toughest year in their history to make the list. This year the company who ranked in the 500th position grew 918% between 2009 and 2012. So their story looked like this. They probably had revenues of around $220,000 in 2009 and grew their revenues up to $2,000,000 just 3 years later! That phenominal growth equates to about 918% – $220,000 * 9.18 = $2,019,600. No matter how you slice it that’s amazing growth and they are the last company to make the list. In their 32 year history that’s the highest growth percentage ever for the company in the 500th position.
If you’re wondering how they selected the list of winners, here’s the criteria. You must have revenue figures in 2009 of at least $100,000 and in 2012 of at least $2,000,000. Additionally, you must be privately held, US-based, for profit, and independent. Read more here.
A few months ago, Hawkeye Management was also named one of the 50 fastest growing companies in the tri-state area by Smart CEO Magazine. With awards like this it is always about people. We can only go as far as our people take us and they are certainly the ones who deserve all the praise for this great award. So we really want to thank our great employees and all our partners, vendors, supporters, and friends who made this possible. It’s the team of people who made this possible and who will continue to be our secret ingredient for our continued growth.
Congratulations to all the companies who made this years list. Inc Magazine publishes the Inc 500 list in their print edition of their magazine and they print a full list of 5000 fast growing companies on their website.