AP Equipment Financing Achieves 46% Q3 Growth & Wins Top Workplaces Award
AP Equipment Financing was awarded “The Oregonian: 2022 Regional Top Workplace Award” and funded a record-breaking $92.5 Million in Q3 2022, a 46% year-over-year increase from Q3 2021. “Over the past year, we have made strategic changes to our sales…
AP Equipment Financing Adds Mike Bransdorf to Lead Floorplan Inventory Division
BEND, OR. – AP Equipment Financing expands its current product offerings to include a wholesale flooring finance product for vendor and manufacturer partners and hires Mike Bransdorf to lead the program. “I am extremely excited to join the team at…
AP Equipment Financing Introduces CLFP Prep Program for Employees and Adds 10 New CLFP’s
BEND, OR. – In January 2022, AP Equipment Financing introduced a CLFP Prep Program to both AP and Tokyo Century USA employees with the purpose to prepare and teach the CLFP exam content to those interested in getting their CLFP…
AP Equipment Financing Achieves 68% Funding Volume Growth in Q2
BEND, OR. – AP Equipment Financing funded $78.8 Million in Q2 2022, a 68% 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…
AP Equipment Financing Posts Record Q1, 50% in YoY Funding Volume
BEND, OR. – AP Equipment Financing funded a record $63.5 million in Q1, a 50% year-over-year growth increase from Q1 2021. AP funded 906 transactions in Q1 2022, with an average transaction size of $70,040. “Our continued focus on providing…
AP Equipment Financing Transitions to Remote Online Notarization Process
BEND, OR. – AP Equipment Financing recently made the switch to use a Remote Online Notarization (RON) for Power of Attorney and Bills of Sale documents during their customers’ transaction journey. This change to a RON will speed up the…
Helping Arborists Protect the Environment
An important industry sector of AP Equipment Financing is the arbor space. AP finances chippers, chip and bucket trucks, tracked lifts, and more for arborists throughout the US. This equipment provides essential tree care professionals with the ability to do…
AP Promotes Environmentalism through CalCAP and Tree Care Industry
How does CalCAP help AP to promote environmentalism? CalCAP, or California Capital Access Program, is designed to help small businesses in California by supporting loans to assist them in growing or maintaining their businesses. AP Equipment Financing is an approved…
How AP Provides Effective Environmental Financing through CalCAP
What are California’s environmental initiatives? Chris Lerma Usually in the US, California takes the lead in most environmental regulations and laws, and has the most aggressive greenhouse gas emissions standards. One example is a cap-and-trade program that started in…
Meet the Leaders of AP Equipment Financing
Chris Lerma I’m the president of AP. I was promoted to president at the beginning of 2021, and previously, I was the chief risk officer and chief credit officer. I rose through the ranks of the company on the…
AP Equipment Financing Donates to 16 Local and National Charities
BEND, OR. – Every year, AP Equipment Financing encourages team members to nominate their favorite charity for a charitable donation. AP wanted to give back to organizations that their employees hold near and dear to their hearts, whether it is…
AP Equipment Financing 2021 Originations Up 22%
BEND, OR. – AP Equipment Financing funded a record $239 million in 2021, a 22% growth over 2020. AP’s growth came despite supply chain issues and equipment shortages that affected its vendors customers in 2021. President of AP, Chris Lerma,…