AP Equipment Financing has been listed as one of Monitor’s Top 25 Private Independent Finance Companies. This news comes as AP closed a record setting Q1/17 having funded $19.7 million, representing a 34% growth over Q1/16.
“It is an honor to be recognized on this Top 25 list of Private Independents by the Monitor,” stated Chris Enbom, CLFP, CEO of AP. “This ranking comes at a time where we continually beat our own projected revenue numbers and is a testament to our team and our plan!”
AP Equipment Financing closed 2016 having financed a total of $74 million, showing a 21% overall increase in funded volume over 2015. AP is continuing to experience exponential growth in funded volume at the close of Q1/17 and has projections to continue this growth through the execution of strategic sales and marketing initiatives, as well as, increased operational efficiencies.
“Over the last couple of years we have dedicated many of our resources towards systems implementation and optimizing our internal operations. We are effectively doing more business with the same size of staff,” stated Raquel O’Leary, CLFP, senior vice president of Operations. “We challenge our team to find procedural bottle-necks and to champion potential solutions. Employee empowerment in conjunction with new tools and systems has been one of the many keys to our recent growth in business.”
AP Equipment Financing is honored to be among the top of the independent equipment finance industry, and plans to continue this growth beyond its current position of No. 24. Q1/17 has been a record setting quarter and current trends suggest that 2017 will be an all-time high in funded volume for AP.
American Trucking Associations characterize the trucking industry as a barometer of the U.S. economy. The industry can also serve as a gauge of more than just dollars and cents. The past year has been colored by turbulence, especially for those... read more
The work truck industry managed to continue growing in 2016, as measured by sales of truck chassis and truck equipment. However, the rate of growth was 0.5%. In Q1/17, chassis sales fell from the same-quarter, previous-year, at a rate of... read more