AP Equipment Financing funded $78.8 million in Q2/22, marking a 68% increase from Q2/21. Additionally, in the month of June, AP posted a funding volume of $29.1 million and the company is projecting another company-record-breaking year of volume generation through a mix of vendor and direct origination strategies.
“With all the volatility in the markets, continued supply chain issues, and with the Fed rapidly increasing rates, our team was able to stay nimble and quickly react to our customers and vendors financing needs.” Chris Lerma, CLFP, president of AP Equipment Financing, said. “The growth in origination volume is a testament to our team’s hard work and focus on providing top notch customer service.”
Fraudulent activities pose a significant threat to lenders, and combatting this ever-evolving nuisance requires a collective effort. With fraud levels on the rise, digital fraud losses are expected to surpass $343 billion1 globally from 2023 to 2027. In the financial... read more
Matthew Green, managing director and group head, Equipment Finance at CIBC Bank USA, joined CIBC from J.P. Morgan at the end of 2021 with more than 20 years of leasing, lending and capital markets experience to launch the company’s equipment... read more