TCF Equipment Financing Review

Anne Miller

Anne Miller

Senior Author

Anne Miller

Senior Author

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TCF Equipment Financing ReviewStarting a business can be one of the most rewarding experiences for the business owner, both personally and financially. With that being said, one part of a business that many people must take into consideration is their equipment, which can be quite expensive. To avoid the financial setbacks of purchasing the equipment from the start, owners do have the option of financing their equipment. This is where equipment financing companies come into play, like TCF Equipment Finance. Today, we are going to review TCF Equipment Finance to shed light if this company is worth your future consideration.

PROS

TCF Equipment Finance is known to have a great customer service team, answering questions and treating customers with kindness and respect.

CONS

The only complaint or downside to TCF Equipment Finance is that potential customers cannot access vital information like rates and fees without having to contact the company, which may deter potential clients.

Loan and Lender Information

TCF Equipment Finance is division of the 15th largest bank bank-affiliated equipment financing companies in the United States, TCF National Bank. TCF Equipment Finance offers a wealth of financial services all designed to help businesses finance their equipment in an assortment of fields ranging from airport ground support, golf, healthcare, and even speciality vehicles. So, if you are looking for extra capital for equipment, chances are, TCF Equipment Finance can help.

According to TCF Equipment Finance’s website, their intention is help contribute to developing excellent businesses. As a result, TCF Equipment Finance has been named one of Star Tribune’s top workplaces in Minneapolis.

Rates and Fees

After further analyzation of TCF Equipment Finance’s website, it’s clear that their rates and fees are not available to potential clients. If you are interested in learning more about their rates and fees, you will need to begin the application process or simply call their customer service number, which easily be found on their website.

Application Process

Applying for TCF Equipment Finance is relatively quick and easy to do. There is a reason why the company touts their extraordinarily fast application process. To begin your journey, visit www.tcfef.com/application, or one of the many markets and services, to find the application process. You will be required to fill-out a “General Credit Application”. From there, you should hear back from TCF Equipment Finance within less than 4 hours regarding their decision, which is based upon your credit. It’s that easy!

Verdict

In our opinion, TCF Equipment Finance is one of the best equipment financing companies and is a valid choice for businesses seeking extra capital and equipment financing. While the company’s rates and fees may not be disclosed on their website, based on their reputation and customer-service, it may be worth a simple email or phone conversation to discuss this information. Be sure to compare quotes and financial options with many other companies to ensure you are getting the best possible deal. Use a small business loan calculator to estimate payments

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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