Commercial Equipment Finance (CEFI), an independent equipment finance and leasing company headquartered in Puerto Rico, reported its 2022 originations reached a company record $147 million. In addition, CEFI increased its financing volume by 68% in comparison with 2021 originations.

“2022 was a remarkable year for CEFI. Year after year, we have posted record origination volumes, a testament to our team’s ability to continuously add value to customers and vendors in Puerto Rico and the continental United States,” Ricardo A. Ríos Bolivar, founder and CEO of CEFI, said.

“25% of CEFI staff are Certified Lease and Finance Professionals (CLFP), and in 2023, we look forward to providing a higher standard of professionalism and knowledge in the industry with the goal of exceeding 50% of the staff achieving the designation” Ricardo E. Rios Flores, CFA, CLFP, COO of CEFI, said.