In 2022, Tandem Finance completed more than $333 million in small-ticket equipment finance funding.
“I am very proud of our team members’ efforts and levels of engagement serving our ever-growing vendor partnerships and clients,” Michael Sheehan, president of Tandem Finance, said. “Following up a 300% growth in 2021, Tandem’s 58% additional growth in 2022 required a full and committed effort, despite a slowing economy, rising inflation and unprecedented actions by the Fed resulting in the escalation of the interest rate environment.
“As this softer, recessionary economy has begun to be revealed, Tandem is constantly committed to its vendor clients by providing convenient, reliable funding across their entire end-user customer credit profile. As a direct lender and portfolio servicer committed to its vendor partners’ success, we look to continue to be the reliable partner Tandem has become known to be, especially in these times. Additionally, in the market segments we have identified to grow our presence, we are committed to exploring and establishing more and new vendor partnerships to help those organizations pursue their customer growth objectives.”
Additionally, Tandem Finance added Steven Umphlett and Patrick Rohn,its top sales representative in 2022, to its BD and PM teams to continue to expand its reach in the area of major account relationships. Led by vice president Martin Murphy, the assembled BD team has identified several marketplace opportunities, is engaging new program prospects and is already delivering a substantial contribution to Tandem’s journey.
“We are committed to the long term and are diligent in our ongoing assessments on all aspects of the business and will continue to make the ongoing adjustments to assure our business enterprise continues to succeed though delivering every day for our partners,” Martin Murphy, who leads the BD team as a vice president, said.
