Top Equipment Leasing Companies for SMEs - June 2026

Global
Explore the top-rated equipment leasing companies tailored for SMEs to optimize your operational efficiency. Find flexible financing solutions to acquire essential business assets without heavy upfront costs.
1

Balboa Capital

USA, Costa Mesa
4.9

Fast equipment financing and leasing solutions for small businesses.

Details

  • Year Founded: 1988
  • Employees: 200-500
  • Price Range: $$$
  • Phone: +1-800-752-6638
  • Email: info@balboacapital.com

About the Company

Balboa Capital excels in providing rapid funding options for SMEs. Their digital platform streamlines the application process, offering flexible lease terms for various equipment types, making them a top choice for fast-growing businesses needing immediate assets.

Pros

  • Rapid funding speed
  • User-friendly digital portal

Cons

  • Higher rates for poor credit
  • Limited international reach
2

Crest Capital

USA, Atlanta
4.8

Specialized equipment financing with a focus on simplicity.

Details

  • Year Founded: 1989
  • Employees: 50-100
  • Price Range: $$$
  • Phone: +1-800-245-1213
  • Email: info@crestcapital.com

About the Company

Crest Capital is known for its straightforward approach to equipment leasing. They offer an intuitive application process with quick approvals, catering specifically to SMEs that value transparency and reliable customer support throughout the lease lifecycle.

Pros

  • Simple application
  • Excellent customer service

Cons

  • Strict document requirements
  • Specific industry focus
3

Currency Capital

USA, Los Angeles
4.7

Technology-driven marketplace for business equipment financing.

Details

  • Year Founded: 2006
  • Employees: 100-250
  • Price Range: $$
  • Phone: +1-877-277-6131
  • Email: support@currencycap.com

About the Company

Currency Capital leverages a unique technology platform to connect SMEs with multiple lending partners. Their marketplace model ensures competitive rates and a wide range of financing structures tailored to diverse equipment requirements.

Pros

  • Marketplace variety
  • Advanced technology

Cons

  • Varying terms between lenders
  • Third-party dependency
4

LendingClub

USA, San Francisco
4.6

Reliable financing solutions for growing businesses.

Details

  • Year Founded: 2006
  • Employees: 1000+
  • Price Range: $$$
  • Phone: +1-888-596-3157
  • Email: businesssupport@lendingclub.com

About the Company

LendingClub offers flexible financing options that can be utilized for equipment procurement. Their reputation for transparency and fair terms makes them a staple for SMEs looking for stable and predictable repayment structures.

Pros

  • Transparent terms
  • Reputable brand

Cons

  • Eligibility criteria can be strict
  • Longer approval times
5

National Funding

USA, San Diego
4.5

Comprehensive financing options for diverse business needs.

Details

  • Year Founded: 1999
  • Employees: 200-500
  • Price Range: $$$$
  • Phone: +1-877-778-5775
  • Email: info@nationalfunding.com

About the Company

National Funding provides accessible equipment financing for small businesses that may have difficulty with traditional banks. Their wide range of financial products and fast approval process cater to immediate operational needs.

Pros

  • Fast turnaround
  • Accessible for diverse credit

Cons

  • Higher interest rates
  • Aggressive marketing
6

CIT Group

USA, New York
4.8

Institutional grade equipment leasing for mid-sized SMEs.

Details

  • Year Founded: 1908
  • Employees: 1000+
  • Price Range: $$$
  • Phone: +1-866-351-5646
  • Email: contact@cit.com

About the Company

CIT offers robust equipment financing solutions backed by decades of experience. They provide specialized industry knowledge and complex leasing structures that work well for established SMEs scaling their operations.

Pros

  • Industry expertise
  • Strong financial backing

Cons

  • Less focused on micro-businesses
  • Complex application
7

First Citizens Bank

USA, Raleigh
4.5

Stable banking-based equipment leasing solutions.

Details

  • Year Founded: 1898
  • Employees: 1000+
  • Price Range: $$
  • Phone: +1-866-372-1214
  • Email: support@firstcitizens.com

About the Company

Leveraging their strength as a traditional bank, First Citizens offers reliable and secure equipment leasing options. Their long-term partnerships with clients and professional advisory approach provide peace of mind for business owners.

Pros

  • Banking stability
  • Competitive rates

Cons

  • Conservative underwriting
  • Slow digital integration
8

Everest Business Funding

USA, Houston
4.6

Flexible and fast funding for equipment acquisition.

Details

  • Year Founded: 2017
  • Employees: 50-100
  • Price Range: $$$
  • Phone: +1-888-342-5709
  • Email: info@everestbf.com

About the Company

Everest focuses on helping SMEs secure necessary equipment without the red tape. Their simplified funding criteria and quick communication make them a preferred choice for businesses looking for efficiency over traditional bureaucratic hurdles.

Pros

  • Minimal paperwork
  • Fast response time

Cons

  • Shorter term options
  • Specific industry niches
9

Direct Capital

USA, Portsmouth
4.7

A leader in equipment and technology financing.

Details

  • Year Founded: 1993
  • Employees: 200-500
  • Price Range: $$$
  • Phone: +1-877-850-0524
  • Email: info@directcapital.com

About the Company

Direct Capital specializes in financing business critical equipment. With their deep experience in the sector, they offer customized payment structures that allow SMEs to manage cash flow effectively while upgrading their technology.

Pros

  • Customizable payment plans
  • Strong industry history

Cons

  • Credit score sensitivity
  • Detailed reporting required
10

Beacon Funding

USA, Northbrook
4.9

Dedicated equipment financing consultants for small business.

Details

  • Year Founded: 1990
  • Employees: 50-100
  • Price Range: $$$
  • Phone: +1-847-897-2400
  • Email: info@beaconfunding.com

About the Company

Beacon Funding treats every client with a consultative approach. They are particularly adept at helping SMEs that may not fit traditional bank profiles, offering creative lease structures to get the job done.

Pros

  • Consultative service
  • Creative financing

Cons

  • May be too hands-on for some
  • Fees can vary
11

OnDeck

USA, New York
4.5

Speedy capital solutions for small businesses.

Details

  • Year Founded: 2006
  • Employees: 500-1000
  • Price Range: $$$$
  • Phone: +1-888-269-4264
  • Email: support@ondeck.com

About the Company

While known for term loans, OnDeck's speed and efficiency make them a viable option for quick equipment procurement. Their data-driven approach allows for rapid decision-making, perfect for urgent SME needs.

Pros

  • Exceptional speed
  • High approval rate

Cons

  • High APRs
  • Frequent payment cycles
12

Pawnee Leasing

USA, Fort Collins
4.8

Small-ticket equipment leasing specialist.

Details

  • Year Founded: 1982
  • Employees: 100-200
  • Price Range: $$
  • Phone: +1-800-864-4266
  • Email: info@pawneeleasing.com

About the Company

Pawnee Leasing specializes in smaller ticket sizes, making them perfect for SMEs just starting out or needing individual pieces of equipment. Their simplified underwriting makes the process extremely accessible.

Pros

  • Small ticket focus
  • Accessible requirements

Cons

  • Limited for large capital needs
  • Regional focus
13

Accord Financial

Canada, Toronto
4.6

Comprehensive financial partner for SMEs.

Details

  • Year Founded: 1978
  • Employees: 200-500
  • Price Range: $$$
  • Phone: +1-800-967-0015
  • Email: info@accordfinancial.com

About the Company

Accord Financial provides reliable and flexible equipment financing solutions. Their deep understanding of business cycles allows them to offer terms that grow with the client, ensuring stability and long-term success.

Pros

  • Flexible terms
  • Strong expertise

Cons

  • Limited in some US regions
  • Formal application
14

Bank of America

USA, Charlotte
4.5

Large scale financial backing for business equipment.

Details

  • Year Founded: 1784
  • Employees: 1000+
  • Price Range: $
  • Phone: +1-800-432-1000
  • Email: business_support@bofa.com

About the Company

For businesses looking for substantial credit lines and equipment financing, BofA offers premium stability. They provide competitive rates for businesses with strong financial histories and comprehensive business needs.

Pros

  • Very competitive rates
  • Global reach

Cons

  • Rigorous vetting process
  • Not tailored for micro-SMEs
15

Amur Equipment Finance

USA, Grand Island
4.9

Fast and friendly equipment financing.

Details

  • Year Founded: 1996
  • Employees: 200-500
  • Price Range: $$$
  • Phone: +1-800-994-0016
  • Email: info@amuref.com

About the Company

Amur stands out for its human-centric approach to leasing. They focus on understanding the story behind the business, making them an excellent partner for SMEs that want a relationship-based finance experience.

Pros

  • Personalized service
  • Fast approvals

Cons

  • Niche equipment focus
  • Competitive rate variation

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Frequently Asked Questions

FAQ

  • What are the benefits of equipment leasing for SMEs? Equipment leasing preserves capital, offers tax advantages, and allows for easier technology upgrades compared to purchasing.
  • How do I choose the right leasing company? Consider interest rates, lease terms, flexibility in end-of-term options, and the provider's experience in your specific industry.
  • Is equipment leasing better than a business loan? Leasing often requires less collateral and offers faster approval times, making it ideal for immediate equipment needs.
  • What types of equipment can SMEs lease? SMEs can lease almost anything, including office hardware, medical devices, heavy machinery, and industrial vehicles.
  • Do I own the equipment at the end of the lease? This depends on the lease type; capital leases often lead to ownership, while operating leases usually do not.
  • How does a credit score affect leasing eligibility? A higher credit score generally secures better rates and terms, but there are specialized lenders for various credit profiles.