Fleet Financing Resources Reports Record Year/Year Volume Growth
FEB 7, 2017 - 6:55 am
Fleet Financing Resources (FFR) announced it capped off a record year with a record month in December 2016. FFR said full year total funded volume was $75 million, up 32% compared to 2015.
December 2016 was a record month for volume in FFR’s 15-year history – over $14 million funded, including $8.5 million in 19 new motor coaches, in addition to other types of buses.
“FFR achieved truly remarkable results in 2016,” said Dave Reynolds, president and CEO, Fleet Financing Resources. “Volume for the year outpaced the general marketplace and was driven by strong performance with existing customers replacing and adding to their fleets.
Additionally we broadened our already diversified lending platforms to allow for tailored structuring, competitive pricing and other value added services.
Riverside, CA-based FFR, a national lender, manages a current portfolio receivable of $150 million of new and used titled transportation equipment.
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