Financial Partners GROUP (FPG) announced fourth-quarter funding volume of $77 million, including the largest month in company history with December volume exceeding $31 million.
“Q4 was our first full quarter under the expansion and rebrand of FPG and sets the pace to hit our company annual goal of $300 million in our first year under FPG,” said CEO Jeff LaLima.
In September 2020 Financial Partners restructured and rebranded as Financial Partners GROUP (FPG), announcing three Managing Members: Founder LaLima remained as CEO and President. Josh Mabee, who formerly served as Vice President at Ascentium Capital, stepped in as Chief Operating Officer. Rob Noble was promoted to Executive Vice President from Senior Vice President of Business Development.
“Seasoned additions to both Sales and Operations have allowed us to sustain the growth, along with several key strategic partnerships in both operations and marketing,” Mabee said. “2021 will be an exciting year as we navigate into credit facilities, additional verticals and retention, and continued hiring to support the development.”
In addition to the rebrand and expansion, FPG added the Hard Asset division led by industry veterans George Atkins and Casey Goodell. A new office was opened in Dover, NH, to support with plans to enhance both sales and operational teams into 2021, along with the recently added corporate office in Red Bank, NJ.
EVP Noble added, “Diversification into additional markets has been a focal point for us the last year and has allowed for growth in our funding partnerships and capabilities, ultimately giving our valued vendor partners an even more attractive service offering. We have always been and will continue to be a vendor driver equipment finance company.”
Established in 2004, FPG is an equipment finance company that delivers financial solutions for small-to-medium sized businesses and equipment manufacturers and distributors. Since its founding, FPG has provided more than $1.5 billion in equipment and vendor financing. The company is headquartered in Red Bank, NJ, and operates offices in South Carolina, California, Connecticut, Massachusetts, New Hampshire and Minnesota.