MMP Capital, a commercial financing company specializing in equipment financing, leasing and unsecured capital, financed more than $203 million in 2021, setting a company record.
“The past two years have been a challenge for every business owner,” John-Paul Smolenski, president, and CEO of MMP Capital, said. “As we begin to begin to see the end of the pandemic, small and medium-sized businesses nationwide are turning toward the future and taking advantage of opportunities to expand or refresh their business through financing. MMP Capital has seen this firsthand with our customers who financed more than ever in 2021. Over the past nine years, we have built a strong name brand and reputation for fast, simple and effective lending and [we are] now seeing manufacturers turn to us to do business the MMP way.”
MMP Capital experienced growth throughout 2021 but noted significant gains during the fourth quarter with more than $60 million financed. The company record-breaking quarter ended with a company record-breaking month of more than $25 million financed in December 2021.