Commercial Equipment Finance (CEFI), the independent, full-service equipment finance and leasing company headquartered in Puerto Rico, announced 2022 originations reached a record $147 million, the highest level recorded by the company since its was founded in 2009. CEFI increased financing volume by 68 percent in comparison with 2021 originations.

“2022 was a remarkable year for CEFI. Year after year we have posted record origination volumes, a testament to our team’s ability to continuously add value to customers and vendors in Puerto Rico and the continental United States,” said Ricardo A. Ríos Bolivar, founder and CEO of CEFI. CEFI predicts 2023 will be one of many more achievements. Efficient service and investment are critical to any business's success, especially in current economic climate.

“25 percent of CEFI staff members are Certified Lease and Finance Professionals (CLFP), and in 2023 we look forward to providing a higher standard of professionalism and knowledge in the industry with the goal of exceeding 50 percent of the staff achieving the designation,” said Ricardo E. Rios Flores, CFA, CLFP, COO of CEFI.

Commercial Equipment Finance provides financing and leasing solutions to small, medium and large-sized enterprises in Puerto Rico, U.S. Virgin Islands, and the continental United States.