AP Equipment Financing hired Brian Smith as Senior Vice President of Risk. With over 25 years of experience in various credit and syndication roles in the equipment finance industry, Smith will be responsible for growing AP's funding channels and further nurturing these important relationships. Furthermore, Smith will oversee AP's third-party origination channel to ensure great service and funding options for our indirect partners.

“I am extremely happy to join the team and begin contributing at AP," said Smith, the new SVP of Risk for AP Equipment Financing. "AP is a fantastic group of people with a culture that is congruent with my own.”

“We are pleased to have Brian join AP as the SVP of Risk. Brian brings a tremendous amount of experience to the group and will play a vital role in further developing our capital markets strategy as we continue to grow our originations platform,” stated Chris Lerma, President of AP Equipment Financing. “With his broad experience, he will also step in to assist with credit and will help manage the portfolio and banking relationships. It’s great having such a versatile skillset join the team."

Headquartered in Bend, Oregon since 2019, AP Equipment Financing operates in all 50 states and serves small businesses with an excellent equipment financing experience in specific industries. While employees are actively working remote, AP Equipment Financing has over 60 employees residing in Bend. AP currently services over 9,000 contracts and receivables of $400 million. AP is a wholly-owned subsidiary of Tokyo Century (USA) Inc.