Farmingdale, NY – December 16, 2021 – MMP Capital, a leading lender specializing in equipment financing, leasing and unsecured capital financing, congratulates its president and CEO, John-Paul Smolenski, on being honored on this year’s Long Island Business News 40 Under 40 Awards. The award was presented to Smolenski at a ceremony on December 14th at the Crest Hollow Country Club.
Smolenski founded MMP Capital eight years ago and has helped thousands of small businesses update or expand their business without burdening the bottom line by having to lay out much-need working capital. With over 30 employees, and growing, MMP Capital is a market leader in financing, experiencing substantial growth in the healthcare, aesthetic, dental and veterinary industries, due to the company’s positive reputation for its ability to enact positive change for SMBs.
Over the past year and a half, as businesses struggled during the COVID-19 pandemic due to forced shutdowns, limited customer capacities, and overall economic slowdown, MMP Capital has successfully worked with customers to recoup lost revenue. Beyond equipment financing, Smolenski helped many small businesses by providing unsecured capital loans or equipment leasing that allowed them to branch into new areas.
“The past 16 months have been a challenge for every business owner. I am proud of my team for focusing on service and working with customers in new ways to ultimately help SMBs keep the doors open,” said Smolenski. “As the economy continues to rebound, I expect MMP Capital to have a record-breaking year of growth as we continue to expand into new markets and leverage our unique approach to financing.”
As a hybrid lender, MMP Capital can provide direct lending or utilize a vast syndication network, an approach that gives MMP Capital a competitive advantage and allows the company to offer quality service, highly competitive rates, and quick processes. Loans are approved within hours versus the months typically required when borrowing through a traditional lender.
“We take the time to learn about our consumers — what they purchase, why they are purchasing it, and how it will help them. MMP Capital even tracks each customer’s performance through custom analytics to offer answers in real time and provide long-term recommendations that create strong, trusted relationships,” added Smolenski. “I truly care about our customers and their businesses and will do anything in my power to help them succeed.”
Outside of his professional achievements, Smolenski is actively involved in his community. A former student of Kellenberg High School and Purdue University, he appreciates and understands the difference a great education can make in life.
As a result, he initiated a program he calls MMP Tots, awarding scholarships for private K-12 education to families on Long Island. Four scholarships were recently provided to students entering Maria Regina School in Seaford for the full cost of their K-8 education. Additionally, when reviewing recent scholarship applications, Smolenski was so affected that he set up meetings with two individuals who mentioned they were seeking employment, and ultimately offered them positions at MMP Capital.
Long Island Business News 40 Under 40 Awards recognize outstanding members of the business community on Long Island who are 40 years of age or under. The honorees represent future leaders of Long Island who have already established a proven track record of success in their profession while finding time to give back to their communities. The full list of honorees can be found online.
For more information on MMP Capital and to view the site, please visit www.mmpcapital.com.
About MMP Capital
MMP Capital was founded in 2013 with a mission to be the gold standard in equipment finance in the US. Led by a management team with vast experience in sales, credit, and operations from several banks, leasing companies, and funding institutions, MMP Capital is uniquely equipped as a hybrid lender to lend directly or utilize a vast syndication outlet. Our financing options for equipment financing, leasing and unsecured capital offer US businesses the opportunity to invest in their future, update outdated technology, or offer new services to customers.