January 21, Riverside, CA – Fleet Financing Resources, LLC (FFR), a national lender providing lease and finance facilities for titled transportation equipment, reports year-end 2012 results. As compared to the prior year-end 2011, total financed volume increased 50% to $45.7 million. Revenues increased 26% to $3.5 million, and Net Income increased 42% to $1 million.
“2012 was an exceptionally good year for FFR,” commented Dave Reynolds, President and Chief Executive Officer. “We celebrated 10 years in business and enjoyed record breaking growth in both funded volume and profit. Our asset portfolio produced solid growth from leases and notes for new and used equipment including: motorcoach, trolley, school, transit and shuttle buses as well as vocational trucks, tractors and trailers.”
“The strong overall performance is largely attributed to our outstanding team that brings a high quality product to market in both the front and back office” added Reynolds. Continued success with current and new vendor programs secure FFR’s position as one of the top tier lenders in the equipment financing marketplace.