MMP Capital, a commercial financing company specializing in equipment financing, leasing, and unsecured capital, successfully funded over $65 million for customers in the first quarter of 2023, a 20 percent increase year over year compared to 2022.

“Despite the macroeconomic conditions, MMP had another strong quarter, said John-Paul Smolenski, President and CEO, MMP Capital. “While many companies are either down, or flat, MMP has been a reliable financing source for small businesses in the healthcare, graphic arts, and jewelry making industries. That reliability has especially led to diversification in the aesthetic healthcare market, where the tide has gone out and exposed many of the companies who were not well suited for the market. MMP’s hyper efficient business model, competitive terms, and superior understanding of the aesthetic healthcare industry has helped our customers, key vendors, and lending partners enjoy continued success.”

The relationship that MMP created with Deutsche Bank in 2022 to create its own funding facility has also helped accentuate the progress MMP has made with its speed, efficiency, and customer relations.

“The current credit environment has helped MMP Capital bring on a lot of new vendor referral sources that has been mutually beneficial. Many of these companies were shocked to see how much value MMP creates with our ability to consistently approve applications inside of 30 minutes, while the companies that they used to work with were taking 4-5 days just to respond to them,” said Smolenski. “The momentum is on our side, and we embrace any opportunities to compete with other companies in the space and make a positive experience for our customers and vendor partners.”