AP Equipment Financing expanded its current product offerings to include a wholesale flooring finance product for vendor and manufacturer partners and hired Mike Bransdorf to lead the program.

“I am extremely excited to join the team at AP Equipment Financing and help establish their floorplan inventory division,” Bransdorf said. “With 20 years’ experience in the inventory finance industry, I am fully prepared and ready to leverage my background in this new, exciting opportunity.”

“Our goal is to help our vendor partners sell more equipment by offering them competitive and convenient financing solutions,” Chris Lerma, CLFP, president of AP Equipment Financing, said. “In addition to our loan and lease programs, we will further assist our partners with competitive floor financing with the same level of AP personalized service levels. Mike brings a wealth of knowledge and experience to the team, which will allow us to launch this product offering quickly.”