AP Equipment Financing Q2/2019 Volume Up 38.9%

AP Equipment Financing closed a record setting second quarter in 2019 having funded $43.9 million, representing a 38.9% growth over Q2/2018.

AP has also been listed at #90 on the Monitor’s Top 100 Equipment Finance Companies. The Monitor 100 is the only source of its kind that provides a total measurement of the largest equipment finance and leasing companies in the United States.

“Having previously been mentioned in the Top Independent Leasing Companies, we are ecstatic to be recognized in the Top 100 list of Equipment Financing Companies by Monitor,” stated Chris Enbom, CLFP, CEO of AP. “Our company is made up of passionate individuals who embody a culture of innovation and service. We continue to push the organization in every way possible, understanding that change should be embraced, and progress should be its result.”

“As we continue our focus on highly-specialized and targeted underwriting programs, our company has capitalized in a healthy way and continues to see exponential growth,” added Chris Lerma, CLFP, chief risk officer. “AP has been able to utilize traditional underwriting methods in combination with advanced data analysis strategies to stay aggressive in an ever-competitive market, and we continue to benefit from these strategies every quarter.”

AP Equipment Financing plans to continue beyond its current position of #90 in 2019. While both Q1 and Q2 have been record setting quarters, trends suggest that 2019 will be an all-time high in funded volume for the company.

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!

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.