MMP Capital, a Long Island, NY-based equipment financing firm, announced record-breaking success in 2023. The company has grown with over $44 million in originations for December and $110 million in Q4 alone, giving way to a record year in 2023, originating over $358 million.

John-Paul Smolensk, President and CEO of MMP Capital, attributes this success to the company's dedicated team and strategic positioning. "Our team's hard work, and commitment to excellence in the financing for small business has been the biggest factor in our success," Smolenski said. "MMP Capital's growth is also fueled by our organic development and strong reputation as the leading financier in Aesthetic Medical devices in the U.S."

“We are grateful for our customers, allowing us to be a part of their success. It is a special feeling meeting with a new business, financing their first device, and helping them grow our business alongside theirs providing financing for several devices over the next five to 10 years.”

Smolenski also noted the favorable market dynamics. "The credit crunch that most banks are experiencing has created a perfect storm of opportunities for MMP Capital to introduce ourselves to business owners all over the country. New medical device vendors, whose prior lending relationships have either soured or are offline altogether, have also contributed to new opportunities," he added. “In a day where most companies outsource their customer service, and customers are waiting online for hours trying to get a straight answer, if at all. MMP Capital’s efficient and cost-effective approach has made it easy for small business owners to achieve their financing goals.”

In 2022, MMP Capital closed its first warehouse funding facility with Deutsche Bank. This was a significant achievement for the company as the facility has proven paramount to MMP's value platform, allowing it to expedite an already quick and efficient process.

MMP Capital's goal for 2024 is to expand its reach further and increase its market share by expanding into new markets, diversifying its services, and offering a wider range of financial services to meet the needs of its ever-growing customer base.