AP Equipment Financing is celebrating a successful 2024 of organizational milestones and recognition of leaders within its team. AP finalized a record-breaking year with a 58% increase in originations volume in 2024 compared to 2023 and is now actively managing a portfolio of $881 million.

Chris Lerma, CLFP, president of AP, celebrated his 20th anniversary with the company. Starting as the ninth employee, Lerma has played a pivotal role in shaping AP’s growth and strategy over the past two decades. From founding the syndication division to developing the company’s credit philosophy, expanding sales industry verticals and overseeing all operations, Lerma continues to exemplify dedication, innovation and steadfast leadership.

Nick Fong, chief marketing officer and chief technology officer of AP, was recognized by Monitor as a NextGen Icon for his forward-thinking leadership and innovative strategies. Over his 14-year career at AP, Fong has seamlessly integrated marketing and technology, driving operational excellence and positioning AP for future growth. Fong’s collaborative leadership style and focus on understanding consumer behavior have been instrumental in shaping AP’s success.

Read Nick’s story, “Merging the Evolving Worlds of Marketing and Technology,” here.

Additionally, Melanie Rudiger, CLFP, documentation and funding manager of AP, was named one of Monitor’s Top 50 Women in Equipment Finance. With 12 years of experience in the industry, Rudiger has demonstrated unparalleled expertise across diverse products and sectors. Her servant leadership style fosters trust, active listening and team empowerment.

Read Melanie’s feature here.

AP Fleet Management, a growing division under AP Equipment Financing, secured its largest leasing transaction to date — $11,140,000 to an investment-grade U.S. company — within its first year of operation. Furthermore, AP partnered with PALFINGER to provide rent, lease and finance options for their insulated and non-insulated bucket trucks, and AP purchased and deployed over $30 million in 3-to-24-month fleet rental assets in the second half of 2024.

“AP Equipment Financing is well positioned for continued growth this year and beyond,” Chris Enbom, CLFP, CEO of AP, said. “We look forward to where the AP Fleet Management division will grow in 2025 and beyond as it provides expanded solutions for fleet businesses across the U.S. Additionally, AP’s focus on expanded financing programs and diversified industry verticals sets the stage for an exciting trajectory of growth and achievements.”