AP Equipment Financing managed portfolio tops $1B
Investments in tech, staff driving portfolio growth
The receivable value of AP Equipment Financing‘s managed portfolio has surpassed $1 billion, marking a major milestone for the company.
Recent investments in technology and staff have fueled the growth of AP’s portfolio, which comprises borrowers ranging from small enterprises to national manufacturers and dealerships, according to a release today by the Bend, Ore.-based lender.
“This is a landmark moment for AP,” AP Equipment Financing President Chris Lerma stated in the release. “Crossing the $1 billion milestone reflects not only the trust and loyalty of our customers, but also the dedication and expertise of our employees who work tirelessly to support businesses across the industries we serve.”
AP Equipment Financing provides customized financing programs and fleet solutions to businesses, dealerships and manufacturers nationwide. The company plans to continue pursuing new growth opportunities, innovative products, and expanded partnerships in the years ahead.
In the first quarter, AP reported a 12.7% year-over-year increase in originations, partly driven by a 32.4% YoY surge in March, according to a May 16 release.
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