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Fleet Financing Resources Reports Record Year End, Originations Up 12%

February 12, 2014, 06:00 AM
Filed Under: Corporate Earnings

Fleet Financing Resources, LLC. (FFR) reports record year with total originated volume at $51 million, up 12% compared to 2012.  Gross income for the year ended December 31, 2013 went up 15%, while net income was $1,230,000, up 35% from the year prior.

FFR’s President and CEO Dave Reynolds commented, “I am extremely proud of our results, volume success is attributable to loyal long-term fleet customers replacing and/or acquiring new equipment.” “As FFR enters into our 2nd decade in business, we remain focused on delivering results to our clients and maintaining the successful relationships we’ve formed with our valued Capital Markets partners.”

FFR, a national lender, manages a current portfolio receivable of $110 million in titled transportation equipment including motor coaches, buses of all sizes, school transportation, vocational trucks, and all livery related vehicles.

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