AP Equipment Financing Sets Company Funding Record of $64MM in Q3/21



AP Equipment Financing set a new company record for funding volume in Q3/21, funding a total of $64 million compared with the $40.8 million it funded in Q3/20, representing 57% growth.

“This is a record-breaking quarter of funding volume for AP and it couldn’t have happened without every member of the team stepping up to the plate,” Chris Lerma, president of AP Equipment Financing, said. “With a focus this year on improving processes across the board, we’ve been able to improve our efficiencies, which has helped instrumentally with our growth. AP continues to leverage technology projects to streamline every team from sales, marketing, documentation and operations, positioning us for continued growth in the future.”

AP Equipment Financing is part of the Tokyo Century (USA) group which includes Tokyo Century (USA), WTD Equipment, Work Truck Direct and AP Equipment Financing.

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

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.
www.abfjournal.com