American Lending Center and Sunstone Management Rank on the 2022 Inc. 5000 Annual List of Fastest Growing Companies
IRVINE, Calif.–(BUSINESS WIRE)–Today, Inc. revealed that American Lending Center (under American Lending Center Holdings (ALC)) and Sunstone Management are ranked No. 935 and No. 4,167, respectively, on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
Leading non-bank lending institution ALC had a revenue growth rate of 685.69% while sister company Sunstone Management, a diversified private capital management and investment firm, grew 112%. ALC came in at No. 147 in California, No. 66 in Financial Services, and No. 57 in Los Angeles. Sunstone landed at No. 593 in California, No. 278 in Financial Services, and No. 250 in Los Angeles.
“We’re honored to have been named to this notable list for the third year in a row,” said John Shen, accomplished financial services entrepreneur and founder of the two companies. “ALC and Sunstone’s work to support U.S.-based small businesses is more important than ever, and we are excited to see our efforts grow alongside our southern California community.”
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23.
“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”
About Sunstone Management: A Financial Times (FT) Americas’ Fastest Growing Company
Sunstone Management is a diversified private capital firm located in Southern California that invests in diverse early-stage technology entrepreneurs who demonstrate the promise to build great companies. We believe in the aspirational power of southern California to attract and inspire the most sophisticated investors and the most ambitious entrepreneurs in the world. We deliver new and exciting opportunities for economic growth through the creation of innovative public-private-partnerships, and our unique experience across government, education, and private sectors.
About CSULB Institute for Innovation & Entrepreneurship
The Institute for Innovation & Entrepreneurship at CSULB is focused on brining innovation to market. We provide programming and mentoring designed to unlock the creative energy of students, faculty, staff, and the local population that engages stakeholders across campus and in the community focused on the common goal of innovation and entrepreneurship. The primary objective of the Institute is to leverage all this energy and entrepreneurial capital into a driving force for economic development for the greater Long Beach community. Creating economic opportunities will support long-term economic growth that is sustainable and improves the lives of all members of our community, the economy, and the greater environment where we live.