AP Equipment Financing funded $197.3 million worth of equipment in 2020, representing a 17% growth over 2019. Additionally, AP Equipment Financing promoted Chris Lerma, CLFP, to president and Fred Williams to chief sales officer.

Lerma started with AP Equipment Financing in 2006 as a credit analyst. With this promotion to president, he will be responsible for handling current day-to-day operations, managing the current leadership team and continuing AP’s growth. Lerma will report to Chris Enbom, CEO of AP Equipment Financing.

“I have been with AP and seen the company grow for the past 14 years. AP has always been supportive of me continually learning new areas of the business and expanding my reach. Serving in different capacities over the years has given me incredible perspective on the ins and outs of this business and our industry,” Lerma said. “I am extremely excited to take on the responsibilities of AP’s president and can’t wait to see what the next few years and beyond holds. I couldn’t be prouder of the team we have assembled and the company we have built and look forward to continuing our momentum.”

Williams began his career at AP as a salesperson in 2013 and now oversees the entire sales team. He will be working with the business development team and the chief marketing officer to explore new target markets and grow current industry sectors.

“I am excited for the opportunity to lead this incredible sales organization into a future of growth, strength and innovation,” Williams said. “AP Equipment Financing is a company that does not rest in stagnant waters, and I am thrilled to help keep our amazing company flowing forward into fresh new waters with the support of our talented employees and unique culture.”