AP Equipment Financing Sets Company Record for Funding in 2021
JAN 5, 2022 - 6:22 am
AP Equipment Financing funded a company record $239 million in 2021, marking a 22% increase compared with 2020.
“The year started off slow with some lingering uncertainty from 2020, but we continued to stay focused on the strategy of leveraging our technology, systems, industry expertise and dedicated team to finish with our strongest year to date,” Chris Lerma, CLFP, president of AP Equipment Financing, said. “We are grateful for all of our employees’ hard work and dedication while continuing to work in a remote environment.”
AP Equipment Financing achieved a company-record-breaking fourth quarter funding volume of $86 million in Q4/21. The company now actively manages a portfolio of 12,000 contracts and more than $500 million of receivables.
“We continue to invest heavily in technology, and the investments are paying off with very high customer satisfaction with our financing and affiliated products. I am very proud of our highly professional staff who have positioned AP to continue to grow quickly in 2022 and beyond,” Chris Enbom, CLFP, CEO of AP Equipment Financing, said.
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