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North American Equipment Financing Review

Anne Miller

Anne Miller

Senior Author

Anne Miller

Senior Author

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North American Equipment Financing ReviewDid you know that one of the most expensive parts of running a business is purchasing the equipment needed? This is why so many business have taken the path of financing and leasing equipment as it proves to be a better deal, save money, and not break any budgets.

North American Equipment Finance is one of the ample financing companies available to business owners like you. In this article, we are going to review this company and discuss whether or not you should consider them for your business.

PROS

  • North American Equipment Finance is dedicated to helping their clients finance and lease the equipment they need. This is why the company touts their “less-than-24-hours” turnaround time.

CONS

  • The biggest complaint that surrounds North American Equipment Finance is the lack of transparency and information on their website.

Loan and Lender Information

North American Equipment Finance is a financial entity offering services and help to companies seeking financing and leasing equipment support. The company specializes in loans and services valued between $7,500 to $50,000 for businesses seeking:

  • Special-Purpose Commercial Vehicles
  • Delivery Trucks
  • Material Handling
  • Construction Equipment
  • Manufacturing Equipment
  • Landscape Equipment
  • Over the Road Trucks

Clients are required, without any service to pick between 2-4 terms based on different financial options and programs tailored to each business owner. With a high-quality team of professionals, their experience collectively totals dozens of years in customer service, knowledge, and experience.

Rates and Fees

The North American Equipment Finance lacks information referencing their rates, fees and services on their website. If you are looking for more on their equipment financing and leasing programs, you will need to contact the company through email or calling their company phone, both of which can be found on their website, www.northaef.com.

Application Process

North American Equipment Finance makes it incredibly easy for potential clients to apply for their equipment and leasing services. In fact, the company promotes that a potential client will hear back within 24 hours of their credit application regarding their financial options. To apply, visit their website, http://northaef.com/apply.php. After filling out the information and approval, the company will help negotiate and get the equipment your business needs.

Verdict

In our opinion, North American Equipment Finance could potential be a great financial company. While their turnaround times and services may be beneficial, given the digital culture of today, their website lacks some of the modern amenities that business owners are looking for. With that being said, if you can see past their website and lack of transparency with information, perhaps this company may be worth consideration.

Anne Miller


Anne is a Senior Author for SBL. She began her career as an independent consultant for local businesses after graduating with a BA in Management. Since that time, she’s expanded to writing as well as consulting to spread helpful knowledge to small business owners across the country.

 

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