New funding facility will allow MMP Capital to expand its balance sheet and maintain longer-term customer relationships
Farmingdale, NY – September 7, 2022 – MMP Capital (Farmingdale, NY), a leading commercial finance company specializing in equipment financing, leasing, and unsecured capital, announced today the closing of a $75 million secured warehouse line with Deutsche Bank.
In under nine years, MMP Capital has become a Top 20 independent equipment finance company in the United States and market leader in medical aesthetics and healthcare. Securing this additional capital is an endorsement of the MMP Capital business model that originates significant loan financing through its robust network of employees, vendors, and lending partners.
The partnership will augment MMP Capital’s existing financing to further expand its balance sheet and help fuel MMP Capital’s rapid growth. Ultimately, this facility will keep loan management in house, allowing MMP customers to continue working with their long-term MMP Capital representatives who pride themselves on being available around the clock.
“All of us at MMP are proud of what we have accomplished thus far, and the brand we have built. Today’s announcement is a positive evolution for the company, and a first step into our multi-layered growth strategy,” said John-Paul Smolenski, President and CEO, MMP Capital. “This facility will provide us with greater financial flexibility, give us a distinct competitive advantage, and allow us to pursue strategic growth in new key markets, all while heightening our service to unparalleled levels in the industry. It is a win for everyone associated with MMP Capital – customers, employees, and vendor partners – enabling us to approve customers more consistently with highly competitive terms through our signature no-hassle application process.”
About MMP Capital
MMP Capital was founded in 2013 with a mission to be the gold standard in healthcare 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financing, leasing and unsecured capital offer U.S. businesses the opportunity to invest in their future, update outdated technology, or offer new services to customers.