Financial Partners Group reported Q4/20 funding volume of $77 million, including the largest month in company history in December, when volume reached $31.8 million.
“Q4 was our first full quarter under the expansion and rebrand of FPG and sets the pace to hit our company annual goal of $300MM in our first year under FPG,” Jeff Lalima, CEO of Financial Partners Group, said.
In September 2020, Financial Partners restructured and rebranded as Financial Partners Group (FPG). The company has three managing members, including company founder Jeff LaLima as CEO and president. The other managing members are Josh Mabee, who formerly served as vice president at Ascentium Capital, as COO and Rob Noble, who was promoted to executive vice president from SVP of business development.
“Seasoned additions to both sales and operations have allowed us to sustain the growth, along with several key strategic partnerships in both operations and marketing,” Mabee said. “2021 will be an exciting year as we navigate into credit facilities, additional verticals and retention, and continued hiring to support the development.”
In addition to the rebrand and expansion in September, FPG added its hard asset division, which is led by industry veterans George Atkins and Casey Goodell. FPG opened a new office in Dover, NH, to support plans to enhance both sales and operational teams into 2021. The company also opened a corporate office in Red Bank, NJ.
“Diversification into additional markets has been a focal point for us the last year and has allowed for growth in our funding partnerships and capabilities, ultimately giving our valued vendor partners an even more attractive service offering. We have always been and will continue to be a vendor driver equipment finance company,” Noble said.
This article has been provided by Monitor Daily.