MMP Capital Of Farmingdale Gets $75M Secured Warehouse Facility

FARMINGDALE, NY — MMP Capital, a commercial finance company in Farmingdale, announced it has closed on a $75 million secured warehouse line with Deutsche Bank.

In under nine years, MMP Capital has become a Top 20 independent equipment finance company in the U.S. and a market leader in medical aesthetics and healthcare, according to the company, which specializes in equipment financing, leasing, and unsecured capital. The company creates significant loan financing through its network of employees, vendors, and lending partners.

The partnership will help MMP Capital expand its balance sheet and fuel the firm's rapid growth. The warehouse line will keep loan management in-house, allowing MMP customers to continue working with their long-term MMP Capital representatives who pride themselves on being available around the clock, according to the company.

“All of us at MMP are proud of what we have accomplished thus far, and the brand we have built," said John-Paul Smolenski, president and CEO of MMP Capital. "[The] announcement is a positive evolution for the company, and a first step into our multi-layered growth strategy. This facility will provide us with greater financial flexibility, give us a distinct competitive advantage, and allow us to pursue strategic growth in new key markets, all while heightening our service to unparalleled levels in the industry. It is a win for everyone associated with MMP Capital – customers, employees, and vendor partners – enabling us to approve customers more consistently with highly competitive terms through our signature no-hassle application process."