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,…
Putting the Community and the Earth First
AP puts the Community and the Earth First Since 1998, AP Equipment Financing has been providing financing for businesses to acquire the equipment they need to serve their clients in an efficient and environmentally-friendly manner. But who are the people…
AP Equipment Financing Funds Record-Breaking $64MM in Q3 2021, 57% Growth
AP Equipment Financing is excited to announce a record-breaking quarter of funding volume in Q3 2021, funding a total of $64MM compared to $40.8MM in Q3 2020, representing a 57% growth. AP is excited to carry this momentum into Q4…
AP Equipment Financing Hires Brian Smith as Senior Vice-President of Risk
AP Equipment Financing has hired Brian Smith as Senior Vice President of Risk. With over 25 years of experience in various credit and syndication roles in the equipment finance industry, Mr. Smith will be responsible for growing AP’s funding channels…