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AP Equipment Financing Achieves 68% Funding Volume Growth in Q2

July 12, 2022, 07:21 AM
Filed Under: Industry News

AP Equipment Financing funded $78.8 Million in Q2 2022, a 68 percent year-over-year increase from Q2 2021.

In the month of June alone, AP posted a funding volume of $29.1 million. With continued momentum, AP is projecting another record-breaking year of volume generation through a mix of vendor and direct origination strategies.

As businesses across the nation grapple with high inflation and inventory shortages, AP remains well equipped to provide flexible financing solutions to help customers overcome these economic challenges. AP continues to invest heavily in its front and back-end operations to provide the speed and efficiency its small business customers and partners require, while maintaining its impeccable reputation for integrity and excellent customer service.

“With all the volatility in the markets, continued supply chain issues and with the Fed rapidly increasing rates, our team was able to stay nimble and quickly react to our customers and vendors financing needs," said Chris Lerma, CLFP, President of AP. "The growth in origination volume is a testament to our team’s hard work and focus on providing top notch customer service."

AP continues to streamline operational efficiencies to facilitate the steady growth and high-volume trajectory for the rest of 2022 and beyond.

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