The Indiana Economic Development Corp. announced this month its list of the 25 “2012 Indiana Companies to Watch.” Among the honorees was Carmel-based Oak Street Funding.
The accolade, presented by the Indiana Economic Development Corp., its Small Business Development Center network, and the Edward Lowe Foundation, recognizes the state’s privately held businesses that employ 6 to 150 full-time employees and have between $750,000 to $100 million in annual revenue or capital.
Founded in 2003 as a spin-off of the now-defunct Oak Street Mortgage, Oak Street Funding provides commission-based loans to insurance agents and brokers. Oak Street Funding also owns Oak Street Lending and Oak Street Servicing.
“We at Oak Street Funding are very proud to be named a 2012 Company to Watch,” said Rick Dennen, president and CEO of Oak Street Funding. “I look at it as a reward for the people who are here; as recognition for their hard work.”
Dennen said the business, just under 10 years old, has regularly charted 30-40 percent growth each year, and has seen a 300 percent growth rate this year. He credited much of the success to the quality and the culture of Oak Street Funding’s 53 employees.
“We really focus on the culture here, making sure everyone is a leader, everyone has authority,” said Dennen. “And it’s worked out really well.”
The 25 ‘Companies to Watch’ will be honored at an August 23 ceremony at the Indiana Roof Ballroom in Indianapolis. For more information about Oak Street Funding, visit oakstreetfunding.com.