Rochester-based Everlasting Capital named to Inc. 500

21 other New Hampshire companies listed on Inc. 5000

Rochester-based Everlasting Capital is the only Granite State company to place on Inc. Magazine’s list of the 500 fastest-growing companies in 2017, although 21 other New Hampshire firms made their way onto Inc.’s list of the 5,000 fastest-growing firms in the U.S.

The commercial finance solutions provider was listed at No. 323 on the list. According to Inc., Everlasting, which was founded in 2012, has grown 1,360 percent over the past three years and earned $2.1 million in annual revenue.

“Everlasting Capital is honored to receive prominent recognition as a 2017 Inc. 500 fastest-growing private company,” said Will Murphy, chief operating officer at the firm. “We are especially grateful to be No. 1 in New Hampshire and 17 among those designated in the U.S. financial sector.”

Everlasting Capital provides financing to businesses by purchasing future receivables at a discounted price. The company examines merchant and bank statements to predict a company’s revenue stream in the next six months or longer period. Eligible businesses must have been in business for at least three months with $15,000 in monthly revenue.

“We disrupt the normal banking market,” said Murphy. “We built a streamline process for small businesses that need access to capital.”

Murphy says Everlasting Capital’s application process takes only four hours, rather than weeks to months at a bank. Everlasting Capital uses financial technology to input the data and determine a risk factor.

“Our default rate is 7.5 percent over the last five years so that’s very, very low,” said Murphy. “We make sure these businesses can afford to pay us back, and it works for the businesses,” some of which are repeat customers.

“The demand is out there,” said Murphy, when asked if businesses are seeking capital. “If it’s properly put in place, these businesses can thrive.”

Murphy attributed the rapid growth to building the company on a solid foundation, with built-in systems and a teamwork attitude.

The company employs 11 people at its office in Rochester, but Murphy said the pool of potential hires is small in New Hampshire and makes hiring the right employees challenging, though his company has seen success through focusing on daily employee training.

“If we moved down to Boston, we’d probably have 50 to 60 employees,” said Murphy. “We have to work with what we have. We’ve brought in people from an hour away, but at the end of the day, they’re still driving an hour.”

Also named to the Inc. 5000 list were:

 • No. 656: Urgent care clinic Convenient MD, Portsmouth, three-year growth rate, 695 percent; 2016 revenue, $18.4 million.

 • No. 1067: Wholesale distributor of electronic consumer products Bluemar Promotions, Exeter, three-year growth rate, 396 percent; 2016 revenue, $5-$10 million.

 • No. 1180: Creative and digital marketing agency Vital, Portsmouth, three-year growth rate, 352 percent; 2016 revenue, $2-$5 million.

 • No. 1366: Used car company Amati Auto Group, Manchester, three-year growth rate, 298 percent; 2016 revenue, $6.7 million.

 • No. 1419: Project cargo and oversize shipping firm Highland Project Logistics, Londonderry, three-year growth rate, 286 percent; 2016 revenue, $3.8 million.

 • No. 1781: IT staffing firm The Autumn Group, Windham, three-year growth rate, 217 percent; 2016 revenue, $5.2 million.

 • No. 2752: Organic egg seller Peter and Gerry’s Organics, Monroe, three-year growth rate, 124 percent; 2016 revenue, $178.9 million.

 • No. 2804: Provider of temporary and permanent staffing for health care industry Medicus Healthcare Solutions, Windham, three-year growth rate, 122 percent; 2016 revenue, $165.2 million.

 • No. 2821: Home décor designer Yogibo, Nashua, three-year growth rate, 121 percent; 2016 revenue, $17.7 million.

 • No. 2825: Manufacturer MKind, Manchester, three-year growth rate, 121 percent; 2016 revenue, $3.8 million.

 • No. 3227: Drug test and clinical screening services provider easyBackgrounds, Newfields, three-year growth rate, 100 percent; 2016 revenue, $4.1 million.

 • No. 3665: Human resource staffing and administrative provider The Nagler Group, Bedford, three-year growth rate, 83 percent; 2016 revenue, $11.9 million.

 • No. 4171: Provider of outsourced services to law firms Harbor Consulting IP Services, Portsmouth, three-year growth rate, 64 percent; 2016 revenue, $2 million.

 • No. 4194: IT consulting, training and recruiting company UNIQUE System Skills, Nashua, three-year growth rate, 64 percent; 2016 revenue, $2.5 million.

 • No. 4435: Human resources and payroll provider Trivantus, Manchester, three-year growth rate, 57 percent; 2016 revenue, $3.1 million.

 • No. 4499: Real estate services provider Bean Group, Portsmouth, three-year growth rate, 55 percent; 2016 revenue, $27.4 million.

 • No. 4630: Advertising firm Burke Advertising, Bedford, three-year growth rate, 51 percent; 2016 revenue, $3.1 million.

 • No. 4741: Energy firm Freedom Energy Logistics, Auburn, three-year growth rate, 48 percent; 2016 revenue, $3.9 million.

 • No. 4743: Technology staffing firm Alexander Technology Group, Bedford, three-year growth rate, 48 percent; 2016 revenue, $14.9 million.

 • No. 4804: Staffing firm KBW Financial Staffing & Recruiting, Bedford, three-year growth rate, 46 percent; 2016 revenue, $10.9 million.

 • No. 4957: Software provider QA Cafe, Portsmouth, three-year growth rate, 42 percent; 2016 revenue, $4.1 million.