AP Equipment Financing Sets Company Record for Funding in 2021

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.

Like this story? Begin each business day with news you need to know! Click here to register now for our 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.