AP Equipment Financing Related Content

AP Equipment Financing Reports 16.3% Increase in Q1 Funding Volume, Adds Business Development Execs

AP Equipment Financing increased Q1/24 funding volume by 16.3% compared to Q1/23 and hired Mike Snyder as senior director of business development in its new fleet and mobility division and John Pratt as senior vice president of business development for its specialty vehicle division. read more

AP Equipment Financing Hires Coveney as Head of Newly Established Fleet & Mobility Division  

AP Equipment Financing hired Alex Coveney as the executive vice president of its newly established fleet and mobility division. In addition to being tasked with developing value-added services throughout AP’s portfolio, the division will also explore untapped segments for new growth opportunities.   read more

AP Equipment Financing Expands Towing and Construction Verticals

AP Equipment Financing began a new expansion initiative, placing a focus on expanding its towing and construction verticals. As part of the expansion, the company hired Ryan Whitehead as vice president of business development for the towing vertical and Seth Davis as vice president of business development to lead the construction initiative. read more

ELFF Forecasts 2.2% Expansion in Equipment & Software Investment in 2024

The U.S. economy likely averted a recession in 2023 and appears to be on track for a “soft landing” in 2024, according to the 2024 Equipment Leasing & Finance U.S. Economic Outlook from the Equipment Leasing & Finance Foundation. read more

ELFF Elects New Officers, Adds New Trustees & Presents Research Award to Gerard

The Equipment Leasing & Finance Foundation announced the 2024 officers of its board of trustees, including Zack Marsh, CLFP, senior vice president of accounting and analysis at AP Equipment Financing as chair. read more

AP Equipment Financing Secures $200MM Credit Facility from Wells Fargo

AP Equipment Financing finalized a $200 million credit facility from Wells Fargo to capitalize on increasing demand from customers and dealer partners. read more

AP Equipment Financing Expands Management Team with Recent Hires

AP Equipment Financing, a provider of specialized equipment financing, appointed Jenifer Santoro senior vice president of business development and sales, Rena Waples floorplan operations manager, Melanie Rudiger, CLFP, docs and funding manager and Diana Crews asset manager. read more

AP Equipment Financing Partners with Rush Truck Centers for Van Lease Program

AP Equipment Financing announced a new full-service step van lease program in partnership with Rush Truck Centers with all preventative maintenance performed right at the package and delivery contractor’s terminal.  read more

AP Equipment Financing Hires Marsh as SVP of Accounting

AP Equipment Financing hired Zack Marsh, CLFP, as senior vice president of accounting and analysis. In this role, Marsh will be responsible for managing the accounting and treasury operations of the organization, including financial analysis, planning and budgeting. read more

Equipment Finance Industry Confidence Eases Further in November

According to the Equipment Leasing & Finance Foundation, overall confidence in the equipment finance market is 43.7, a decrease from the October index of 45. The ELFF has reported a decrease in its confidence index in each of the last three months.  read more

Northteq and Notarize Launch Online Notarization Product

Northteq, a provider of Salesforce origination solutions, partnered with Notarize to launch a product suite that will allow lenders to stay competitive and provide a simple way to help borrowers get their documents notarized securely from any device. read more

AP Equipment Financing Wins Top Workplace Award, Funds $92.5MM in Q3

AP Equipment Financing won “The Oregonian: 2022 Regional Top Workplace Award” and funded $92.5 Million in Q3/22, a 46% year-over-year increase from Q3/21. read more

AP Equipment Financing Hires Bransdorf to Lead New Floorplan Inventory Division

AP Equipment Financing expanded its current product offerings to include a wholesale flooring finance product for vendor and manufacturer partners and hired Mike Bransdorf to lead the program. read more

AP Equipment Financing Launches CLFP Prep Program, Adds 10 New CLFPs

Through its newly established Certified Lease & Finance Professional prep program, AP Equipment Financing has added 10 new CLFPs this year. With this new class of CLFPs, AP Equipment Financing now has 25 employees with the CLFP designation, representing 25% of the company. read more

AP Equipment Financing Funds $78.8MM in Q2/22

AP Equipment Financing funded $78.8 million in Q2/22, marking a 68% increase from Q2/21. Additionally, in the month of June, AP posted a funding volume of $29.1 million. read more

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