Top 10 Equipment Financing & Leasing Companies in Michigan
Looking to improve business operations with new or used equipment? Evaluating the top 10 heavy equipment financing and leasing companies in Michigan reveals the best construction equipment financing option for you.
With a wide range of options to consider, the search for the ideal lender may feel overwhelming. We understand how important selecting the right financial partner is and have put together this list to help you in the decision-making process.
Start at the top of this list and work your way down. We’re confident you’ll find the right company for a heavy equipment loan. It’s just a matter of making the call.
1. CHARTER CAPITAL
BUSINESS STARTED: 1977
Since 1977, Charter Capital has delivered a smarter approach to equipment financing in Michigan. We customize our equipment financing structures to match your unique business needs. We don’t discriminate based on industry or company size. We’ve been in the business long enough to be able to work with any type of business looking to finance equipment.
We analyze your credit — and sometimes your financial condition — to best advise you on available financing options. Our high-quality customer service leaves customers happy, educated, and satisfied. We hope you consider calling us when you need assistance purchasing equipment.
Contact us today at 480-874-5402 or send an email.
- RENTAL BUSINESS EQUIPMENT FINANCING
- COMMERCIAL EQUIPMENT FINANCING
- STARTUP EQUIPMENT FINANCING
- HEAVY EQUIPMENT FINANCING
- MEDICAL EQUIPMENT FINANCING
- INDUSTRIAL EQUIPMENT FINANCING
- IT AND TECH EQUIPMENT FINANCING
- AUDIO/VISUAL POST-PRODUCTION EQUIPMENT FINANCING
- GYM EQUIPMENT FINANCING
- SMALL BUSINESS EQUIPMENT FINANCING
- EQUIPMENT AUCTION FINANCING
- USED EQUIPMENT FINANCING
2. LEASE CORPORATION OF AMERICA
BUSINESS STARTED: 1989
Lease Corporation of America (LCA) is a full-service financing company specializing in technology and industrial equipment loans. LCA offers a multitude of financing programs that allow companies to obtain the equipment they need now and pay for it over a fixed amount of time, freeing up working capital and credit lines.
Lease Corporation of America is also proud of being known for a fast credit approval process. This rings true due to a two-person, no committee approval process. As a result of owning their own bank, LCA is able to commit to turning around a complete financial package – from application to funding – within hours to five business days, depending on the size of the transaction. In addition, they are able to service transaction sizes as low as $2,000, to upwards of $20,000,000.
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3. CRESTMARK
BUSINESS STARTED: 1996
Don’t let your need for new machinery, heavy equipment or working capital slow production and business growth in your company. Crestmark understands that as businesses grows, this can become an immediate need. They help manufacturers, distributors and more keep their businesses running smoothly by financing the purchase of new equipment to meet these needs, or by using the equity in equipment they already own to access working capital. So, whether you need used farm equipment in Michigan or computers for your office, Crestmark can help you find equipment loans.
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4. UNITED LEASING AND FINANCE
BUSINESS STARTED: 1964
At United Leasing & Finance, they take the time to appreciate your business. Their superior customer service team is always available to take your phone calls, answer any questions, and provide unrivaled advice on your equipment purchase. They will assist in making the decisions that provide your business with the funding you need to succeed. United Leasing and Finance will handle the services and paperwork necessary to launch your business, allowing your employees the time to invest in other areas of your business.
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They would prefer you to call them instead of visiting their office.
5. WELLS FARGO
BUSINESS STARTED: 1852
Wells Fargo offers a wide range of financing and leasing solutions with competitive interest rates to help you conserve capital and support your business objectives. Their construction industry specialists can work with you to choose and customize the financing options that fit your business. Also, you will receive specialized loans involving balloon or seasonal payments. You can get financial services designed specifically for your business. They offer solutions for construction contractors, equipment distributors, rental companies, and construction equipment manufacturers.
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6. SUNBELT RENTALS
BUSINESS STARTED: 1983
If you’re searching for a reliable equipment rental in Lansing, MI, consider working with Sunbelt Rentals. The company is a trusted name in the equipment rental space and offers different rental periods ranging from 1 day to 4 weeks. So, if a short-term equipment need is in your future, browse Sunbelt’s offerings to see if they have what you’re looking for.
You’ll find a wide selection of equipment ranging from tools like generators and air compressors to heavy duty machinery like forklifts and excavators. Though SunBelt offers top-quality rentals, their services do not align with those of every business. If a long-term solution is what you’re after, working with an experienced equipment financing company is the optimal solution.
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7. NATIONAL FUNDING
BUSINESS STARTED: 1999
Businesses in many different verticals can enjoy a quick approval process and dedicated service from National Funding. Forget inflexible, cookie-cutter loans. National Funding strives to bring tailored loans to customers depending on their specific situation. Small business loans, veteran or minority-owned business loans, and construction loans are just some of the many loan products available through the lender. Of course, the brand also offers heavy equipment leasing and financing loans. These are open to businesses in many industries, including medical, agricultural, and commercial, to name a few.
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National Funding is based in San Diego, California. But, as the name suggests, the firm helps businesses across the nation get the funding they need.
8. CREDIBLY
BUSINESS STARTED: 2010
When it comes to loan companies in Michigan, Credibly may be the new(er) kid on the block. But the holistic approval criteria, expansive funding range and ability to provide speedy funding have earned Credibly the respect of many small to medium-sized businesses. Since its founding, Credibly has provided over $1 billion in financing to over 19,000 businesses across the country. The range of loan products includes SBA loans, loans for business expansion, working capital loans and more.
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9. ALTA EQUIPMENT COMPANY
BUSINESS STARTED: 1984
Alta Equipment Company is one of the most well-established loan companies in Michigan. With over 30 locations across Michigan, Illinois, Florida, and Indiana, the firm is dedicated to creating the best experience possible for each customer. Alta offers new and used equipment with flexible financing options available for qualifying businesses. The financial services department at Alta works alongside you to assess your needs and financial standing before creating a tailored financing agreement. Alta Equipment also offers leasing services for interested businesses.
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10. LENDIO METRO DETROIT
BUSINESS STARTED: 2011
Built to be a modern solution in the lending industry, Lendio is one of Michigan’s newer loan companies. Though the brand is not decades old, it has an impressive track record of helping small businesses succeed and has funded over 216,000 loans. Part of what makes Lendio great is its extensive network of lenders. This network includes financial powerhouses such as PayPal, Chase and Kabbage. Lendio provides an impressive lineup of loan products, including equipment financing, merchant cash advances and more.
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Charter Capital Brings the Funding Options You Need
Whether you have questions about your financing options or know exactly what loan option you need, the experts at Charter Capital are here to assist you.
Schedule a consultation or give us a call today at 480-874-5402.
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