Top 10 Equipment Financing & Leasing Companies in Minnesota
Evaluating the top 10 equipment financing companies in Minnesota reveals the ideal option for you. And you need the best.
Obtaining an equipment financing loan in Minnesota can be a smooth process or a major headache, depending on who you partner with. This is why finding a trustworthy and reputable company is key when you want to finance new or used equipment.
Whether you need a small equipment loan for minor equipment or a large sum to accelerate operations, the Minnesota equipment financing companies on this list have offerings to help. So start at the top of this list and work your way down. We’re confident you’ll find the right company. 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 Minnesota. 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 needing business-related 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 to finance 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. ALPINE FINANCIAL
BUSINESS STARTED: 1998
Alpine Financial specializes in equipment leasing. They offer capital and operating lease agreements, as well as loans for all office-related general business equipment. All throughout Minnesota, they provide a variety of equipment lease and loan options for manufacturing and construction equipment, as well as industrial applications and vehicles. Alpine Financial has the capability to adequately structure, underwrite, and fund transactions nationwide ranging from asset costs of $25,000 to $20,000,000. In many instances, they seek long-term client engagements for the purpose of structuring and underwriting multiple lease financing transactions over extended periods of time.
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3. BANK OF AMERICA
BUSINESS STARTED: 1988
Bank of America offers a wide range of financing and leasing solutions 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. You have to have been in business for a minimum of 2 years and have a minimum of $250,000 annual revenue to be eligible to secure financing.
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4. KLC FINANCIAL
BUSINESS STARTED: 1987
At KLC, they take a consultative approach with their customers providing years of expertise in the equipment financing industry. Their mission is to bring advantageous equipment finance solutions to their clients with integrity, depth of knowledge and speed. This is achieved through their ongoing vision to bring expertly constructed flexible financing solutions that accurately meet the needs of business owners. They believe this is accomplished through valuable advice, creativity, and the tenacity to get to “yes”.
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5. WELLS FARGO
BUSINESS STARTED: 1852
Wells Fargo provides a comprehensive suite of financing and leasing options tailored to help you preserve capital while achieving your business goals. Their team of construction industry experts collaborates with you to select and customize financing solutions that best suit your needs. Additionally, they offer specialized loan programs with flexible payment structures, including balloon or seasonal payments. Wells Fargo’s financial services are designed to meet the unique needs of your business, offering solutions specifically for construction contractors, equipment distributors, rental companies, and construction equipment manufacturers.
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6. NORTHLAND CAPITAL EQUIPMENT FINANCE
BUSINESS STARTED: 1996
Unlike big banks that place a high approval bar for small businesses to hurdle, Northland Capital is committed to offering flexible financing solutions for equipment purchases. With over two decades of experience, the direct lender understands the Minnesota equipment financing process inside and out.
The knowledgeable and friendly team works to understand your business and unique needs before formulating a financing option. For those in search of equipment leasing companies in MN, Northland fits the bill.
The knowledgeable and friendly team works to understand your business and unique needs before formulating a financing option. For those in search of equipment leasing companies in MN, Northland fits the bill.
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7. FIRST WESTERN EQUIPMENT FINANCE
BUSINESS STARTED: 1972
BUSINESS STARTED: 1972
Finding financing in Minnesota is simple at First Western Equipment Finance. The firm offers financing solutions for a wide range of industries, including agriculture, construction, geospatial, and more.
You’ll work with a dedicated account manager to establish clear equipment financing loans free from hidden fees. Because the company is a division of First Western Bank & Trust, it is a trusted name in the MN financing industry. First Western Equipment Finance offers loans of $5,000 and beyond for firms of all sizes.
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8. ASPEN EQUIPMENT COMPANY
BUSINESS STARTED: 1926
If you’re in the market for heavy-duty equipment but are on the fence about buying, consider Aspen Equipment. As a leader in equipment rentals, Aspen brings valuable expertise to the table. Their extensive range of products serves those in construction, mining, landscaping, and more sectors in need of reliable, complex machinery.
Aspen’s motto of “helping people succeed” flows into each step of the process. The company’s factory-trained technicians are the source of Aspen’s high-caliber customer service that keeps patrons coming back. For well-maintained machinery rentals and services you can depend on, Aspen Equipment is here to help.
is here to help.
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9. FALCON NATIONAL BANK
BUSINESS STARTED: 2003
Falcon National Bank is another source of Minnesota equipment financing for many businesses. The financial institution aims to bring businesses a fast and affordable way to lease equipment or obtain commercial loans to purchase it outright.
Falcon also offers several options that are built to benefit small businesses. These include SBA loans and small business relief packages, to name a few. The bank has locations across Minnesota, so there’s likely a branch near you.
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10. ALLEGIANCE FINANCIAL GROUP
BUSINESS STARTED: 2001
BUSINESS STARTED: 2001
The last Minnesota financing option on the list is a firm that understands the uniqueness of each business it partners with in the loan process. Allegiance Financial Group provides equipment loans and leases, working with businesses on a case-by-case basis to develop a perfectly suited financial solution.
Printing, construction, and commercial real estate are just a segment of the industries that Allegiance partners with. Unlike lenders that offer a wide range of financial products, Allegiance specializes in equipment financing, portfolio acquisitions, and equipment remarketing. The company’s focus on equipment-related financing makes the team especially knowledgeable about the process.
about the process.
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Take the Guesswork Out of Equipment Financing For Your Business
The team at Charter Capital has decades of experience connecting businesses of all sizes to the tailored loans they are in search of. To speak with a real, knowledgeable financial advisor rather than an automated robot, connect with Charter Capital today.
Schedule a consultation or give us a call today at 480-874-5402.
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