AP Equipment Financing Announces Record Funding Volume in 2022

AP Equipment Financing funded a company record $327 million in 2022, representing 38% year-over-year growth. AP also managed a portfolio of nearly 13,000 contracts and $635 million of receivables. In 2022, the company introduced new technologies to streamline and simplify the customer experience by expanding the current functionality of its customer portal. Additionally, the company continued to build strong relationships with customers, vendors, and manufacturers to provide the best customer experience throughout the entire transaction cycle.

“We are thrilled to have achieved such significant growth in funding volume despite challenges we faced with equipment inventory and navigating through the current rate environment,” Chris Lerma, president of AP Equipment Financing, said. “This is a testament to the hard work and dedication of our team, as well as the trust and confidence of our customers. We are committed to providing the best possible experience for our customers, and we will continue to invest in technology and expand our product offerings to achieve that goal.”

“We are grateful to our customers for choosing AP Equipment Financing as their partner in equipment financing,” Nick Fong, CMO & CTO of AP, said. “We are dedicated to bringing value added technologies that expedite the mundane so that our team can prioritize the lasting relationships that our company builds with its customers.”

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