MMP Capital Closes $75MM Secured Warehouse Facility
SEP 8, 2022 - 7:46 am
MMP Capital, a commercial finance company specializing in equipment financing, leasing and unsecured capital, closed a $75 million secured warehouse line with Deutsche Bank.
Since its founding in 2013, MMP Capital has become a top 20 independent equipment finance company in the United States, with a specialty in medical aesthetics and healthcare. The new facility will augment MMP Capital’s existing financing to further expand its balance sheet and help fuel its growth. Ultimately, this facility will keep loan management in house for the company, allowing customers to continue working with their long-term MMP Capital representatives.
“All of us at MMP are proud of what we have accomplished thus far and the brand we have built. Today’s announcement is a positive evolution for the company and a first step into our multi-layered growth strategy,” John-Paul Smolenski, president and CEO of MMP Capital, said. “This facility will provide us with greater financial flexibility, give us a distinct competitive advantage and allow us to pursue strategic growth in new key markets, all while heightening our service to unparalleled levels in the industry. It is a win for everyone associated with MMP Capital — customers, employees and vendor partners — enabling us to approve customers more consistently with highly competitive terms through our signature no-hassle application process.”
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