AP Equipment Financing originations rise 12.7% in Q1
Funding volume jumped 32.4% YoY in March
AP Equipment Financing reported a 12.7% year-over-year increase in funding volume in the first quarter, signaling a strong start to what the lender anticipates will be a record-breaking year.
March was a standout month, with funding volumes rising 32.4% YoY, according to a May 16 release by Bend, Ore.-based AP Equipment Financing. The company attributes the growth to ongoing diversification of asset classes and departmental expansion. These initiatives follow key hires and internal development efforts in 2024, which have enabled AP to broaden its reach and enhance service offerings.
“By investing in talent and streamlining how we work, AP is well-positioned to deliver fast, flexible financing while strengthening relationships across our portfolio,” AP President Chris Lerma stated in the release.
