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NFS Leasing Sets Record for Y/Y Originations, Increasing Vendor Partner NBV by 250%

March 01, 2024, 07:20 AM
Filed Under: Industry News

NFS Leasing, Inc., a privately held leader in equipment finance across the U.S. and Canada, announced it achieved 8 percent year-over-year growth of originations in 2023.

“Our team's strength and the value we provide to our customers to support their growth are highlighted by the achievement of our growth in originations, which surpassed the industry’s average," said Ashley Whyman, President of NFS Leasing. “NFS Leasing remains committed to providing innovative, personalized, and flexible financing solutions to businesses that are unable to obtain funding from traditional financing sources.”

Drivers of its growth include 250 percent growth in vendor new business volume and year-over-year growth in new customer originations.

“As we mark another year of record growth and expansion, our inspiration is fueled by the stories and achievements of our customers and partners,” said Dana Calumby, Chief Financial Officer of NFS Leasing. “Our commitment to excellence as a trusted partner will be supported by incremental investments in our systems and processes, as well as initiatives promoting our brand as THE story lender in 2024.”

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