AP Equipment Financing Hires SVP of Vendor Finance

AP Equipment Financing hired Nick Gibbens as senior vice president of vendor finance. Gibbens will be responsible for the exploration and development of new market segments to AP. His primary objective is the establishment of vendor finance relationships and programs in newly targeted industry verticals with the support of current business development, marketing and sales teams.

“We are extremely excited to announce that Nick is joining the AP team. His experience and track record within the equipment finance world is exemplary and will be a huge asset to our organization,” said Chris Enbom, CLFP, CEO of AP. “With years of experience developing vendor programs as well as managing sales teams, we look forward to collaborating with him to continue the growth of our organization and offer new and exciting programs to our customers.”

Gibbens comes to AP with more than 30 years of experience in equipment-based lending and vendor finance and has held management positions at Bank of the West, Trinity Capital and United States Leasing.

“Nick’s history in product diversification is a welcome perspective to our organization and our portfolio,” said Chris Lerma, CLFP, chief credit officer of AP. “His experience of spotting growth trends within burgeoning industries will assist in AP’s overall diversification, product offering, and general growth.”

AP now manages approximately 3,000 equipment finance contracts and has grown from originating $38 million in 2013 to $73 million in total equipment cost in 2016.

Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

  • Hidden
  • RAM Group Holdings does not share or sell your personal information. The information we ask you to furnish is limited to what is needed to process your order fully and completely. You may unsubscribe at any time. View our Privacy Policy.
  • Please Confirm permission for Monitor/Monitordaily to e-mail you.
  • Hidden

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.