RIVERSIDE, Calif. – Fleet Financing Resources, a boutique-style lender serviing the commercial vehicle industry, reports third quarter year-to-date sales revenues are up 12% compared to 2010, with net income up 9%.
The increase is largely attributed to customers needing to update their aging fleets as traditional recycling times have been stretched out due to economic uncertainty. Recent enhancements to FFR’s vendor program facility with All Points Capital/Capital One Bank, established in 2005 with $30 million funded, help secure FFR’s position as a top lender in the equipment financing marketplace.
Dave Reynolds, president and CEO of Fleet Financing Resources said in a press release, “We are extremely pleased with our third quarter results; our asset portfolio remains strong and historically low rates reflect favorable growth.” Fleet Financing Resources continues to offer a broad funding menu of products and services tailored to each client’s specific needs.
SOURCE: Fleet Financing Resources