Top 10 Equipment Leasing Companies in the US

Rather than purchasing equipment outright, many businesses are turning to equipment leasing companies as a more manageable and flexible alternative.

For many business owners, acquiring new equipment can pose both logistical and financial challenges. The upfront costs alone can strain budgets, especially for small to mid-sized enterprises.

Equipment leasing is the process of renting equipment from a third-party provider—typically for a term ranging from one to five years—with the option to purchase the equipment at the end of the lease.

This approach offers several advantages: predictable monthly payments, access to cutting-edge technology, and the ability to upgrade or scale as business needs evolve.

Most importantly, leasing allows companies to preserve cash flow and reinvest in growth rather than depleting reserves on capital expenditures. Whether you’re operating a salon, fitness center, construction company, or manufacturing facility, leasing options are available to suit your specific needs.

Today, a wide range of equipment leasing companies—both banks and independent specialty lenders—cater to various industries and budget sizes.

In this guide, we’ll highlight the top 10 equipment leasing companies in the US that offer flexible terms, competitive rates, and strong customer support to help your business operate efficiently and stay ahead of the curve.

What is equipment leasing?

Equipment leasing is a financial agreement where a business rents equipment from a lender or leasing firm for a set period in exchange for regular payments. This solution is ideal for businesses that need essential equipment but lack the capital to buy it outright.

Instead of incurring a hefty upfront cost, companies can access machinery, vehicles, computer systems, or other tools while preserving cash flow and keeping their operations running smoothly.

Equipment leasing companies typically offer a range of lease options, such as operating leases for short-term use or capital leases for long-term ownership potential.

These arrangements can be tailored to fit specific business needs, helping companies maintain access to the latest technology and machinery without the burden of depreciation or outdated assets.

Whether it’s construction, healthcare, manufacturing, or IT, equipment leasing companies play a crucial role in helping businesses scale efficiently, manage costs, and remain competitive in today’s fast-moving economy.

How does equipment leasing work?

With equipment leasing, the lender either purchases or leases equipment and then rents it to a business for an agreed duration—typically one to five years. In return, the business makes regular payments, often monthly or quarterly, to use the equipment during that period.

These payments allow companies to access vital tools without the financial strain of upfront capital expenditures.

One key advantage of this setup is the buyout option at the end of the lease term. This option enables the business to purchase the equipment at a discounted price, which is especially attractive if the equipment is still valuable and integral to operations.

Additionally, some lease agreements may include insurance coverage for the equipment, offering extra protection against damage or theft during the lease period.

Overall, equipment leasing provides businesses with flexibility, cost control, and strategic access to essential resources through partnerships with experienced equipment leasing companies.

Here’s a list of the Top 10 Equipment Leasing Companies in the US, known for their flexible terms, industry expertise, and support for businesses of all sizes. These equipment leasing companies serve a wide range of industries, from construction and healthcare to retail and manufacturing:

1. Crest Capital

Crest Capital is one of the top-rated equipment leasing companies in the U.S., particularly favored by small to mid-sized businesses.

They provide financing solutions for a wide variety of equipment types, including vehicles, software, machinery, and office furniture.

What sets Crest Capital apart is its streamlined application process, which requires minimal paperwork and offers rapid approvals—often within a few hours. Businesses can access funding amounts of up to $500,000 without needing financial statements, which is ideal for companies looking to preserve their working capital.

Crest Capital also offers fixed interest rates and flexible term lengths ranging from 24 to 72 months. There are no hidden fees, and their website features a handy payment calculator to help business owners plan ahead.

As one of the most transparent and efficient equipment leasing companies, Crest Capital is a go-to choice for businesses seeking a fast, reliable, and straightforward leasing experience to support growth and operations.

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2. Balboa Capital

Balboa Capital stands out among leading equipment leasing companies for its speed, convenience, and accessibility. As a direct lender, Balboa streamlines the financing process through a simple online application that requires minimal documentation.

Businesses can apply in minutes and often receive same-day approval and funding, which is a major advantage for companies needing immediate access to essential equipment.

Balboa Capital supports a wide range of industries and finances many types of equipment—from construction and medical devices to software and office technology. Their lease programs are designed to accommodate both startups and established companies, with flexible terms and competitive rates.

They also offer equipment leasing with potential tax advantages, helping businesses preserve capital while gaining the tools they need to operate efficiently.

For fast-moving organizations that value time and simplicity, Balboa Capital is one of the top equipment leasing companies providing hassle-free, responsive service with scalable options tailored to various business needs.

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3. National Funding

National Funding is a standout among equipment leasing companies, especially for startups and small businesses seeking flexible financing. Known for its personalized service, the company offers customized lease structures that align with a business’s cash flow and growth goals.

One of its key advantages is accommodating businesses with less-than-perfect credit, making it an accessible option for a wider range of applicants.

National Funding provides equipment leasing solutions across various industries, including construction, healthcare, and retail. Their fast approval process, typically within 24 hours, helps businesses move quickly when they need equipment upgrades or replacements.

In addition, they offer early payoff discounts—allowing companies to save on interest if they pay off the lease before the term ends.

For new or growing businesses that may not qualify with traditional lenders, National Funding is one of the equipment leasing companies that delivers practical, supportive, and flexible options to ensure businesses can access the equipment they need without financial strain.

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4. Taycor Financial

Taycor Financial is one of the leading equipment leasing companies in the US, offering flexible leasing and financing solutions for both new and used equipment.

With a strong focus on supporting a wide range of industries—including healthcare, technology, manufacturing, and construction—Taycor ensures that businesses of all sizes can access the equipment they need without significant upfront costs.

What sets Taycor apart is its tailored payment structures designed to align with each business’s cash flow. Whether you’re a startup looking for manageable monthly payments or an established company seeking seasonal payment options, Taycor provides customized plans to fit your financial situation. The company also offers rapid approvals, competitive rates, and straightforward online applications.

Taycor’s approach emphasizes simplicity, transparency, and personalized service, making it a trusted partner for companies looking to grow efficiently.

For businesses seeking reliable equipment leasing companies, Taycor Financial delivers the flexibility and support needed to succeed.

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5. LEAF Commercial Capital

LEAF Commercial Capital is one of the top equipment leasing companies in the US, providing streamlined financing solutions tailored to small and mid-sized businesses.

As a subsidiary of M&T Bank, LEAF combines the agility of an independent lender with the backing and security of a major financial institution. This strong foundation allows them to offer competitive rates and a wide range of leasing products.

LEAF focuses heavily on sectors like healthcare, education, technology, and office equipment—industries where access to up-to-date tools and technology is essential for success. Their solutions are designed to make equipment acquisition easy and efficient, often with minimal paperwork, fast approvals, and flexible terms.

One of LEAF’s key advantages is its ability to customize leases based on a business’s budget and operational needs, offering everything from fair market value leases to dollar buyouts.

For companies seeking efficient and dependable equipment leasing companies, LEAF delivers a powerful combination of experience, resources, and customer-centric service.

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6. Ascentium Capital

Ascentium Capital is a standout among equipment leasing companies, offering tailored financing solutions to help businesses acquire the equipment they need without disrupting cash flow.

With flexible terms of up to 72 months and financing amounts ranging from small-ticket items to multimillion-dollar projects, Ascentium accommodates a broad spectrum of business needs.

What makes Ascentium attractive is their fast approval process—many customers receive same-day credit decisions and funding. This speed is crucial for businesses that need to act quickly to seize opportunities or replace essential equipment.

They support both new and used equipment, and serve a wide range of industries including healthcare, construction, IT, and retail.

In addition to leasing, Ascentium offers working capital loans, allowing businesses to bundle equipment and other expenses into a single payment. Their combination of quick funding, long-term flexibility, and industry-specific support makes them a trusted name among equipment leasing companies in the US.

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7. US Bank Equipment Finance

As part of U.S. Bank, U.S. Bank Equipment Finance is one of the most reputable equipment leasing companies for large-scale commercial leasing needs.

Leveraging the resources and financial strength of its parent institution, this lender offers competitive rates and customized leasing structures for a wide array of industries, including agriculture, construction, transportation, and manufacturing.

Their leasing solutions are particularly suited for businesses that require long-term financing and access to high-value assets such as heavy machinery, fleet vehicles, and specialized equipment.

Clients benefit from a full-service experience that includes structured leases, tax-advantaged options, and a team of experienced advisors who tailor financing packages based on business goals.

U.S. Bank Equipment Finance also provides asset management tools and end-of-lease options to streamline the leasing lifecycle.

With a national footprint, strong industry knowledge, and commitment to flexible financing, they remain a top choice among equipment leasing companies for businesses seeking scalable and strategic leasing solutions.

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8. Bank of America Equipment Financing

Bank of America stands out among top equipment leasing companies by offering a broad range of equipment finance programs tailored for mid-size and large businesses. Their solutions are ideal for companies looking to acquire high-value assets while optimizing cash flow and preserving capital.

They provide multiple financing options, including tax lease structures, capital leases, and customized repayment terms, enabling businesses to select plans that align with their accounting, cash management, and ownership goals.

This flexibility is especially valuable for industries with complex equipment needs, such as healthcare, energy, transportation, and manufacturing.

Bank of America’s strength lies in its ability to structure sophisticated lease agreements backed by a deep understanding of asset lifecycle and industry-specific challenges.

Additionally, their national presence and robust digital tools make the application and management process efficient for large enterprises. For companies looking for scale, reliability, and tailored strategies, Bank of America remains a trusted name among equipment leasing companies in the U.S.

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9. Wells Fargo Equipment Finance

Wells Fargo is one of the leading equipment leasing companies in the U.S., offering tailored lease and loan solutions for businesses of all sizes.

With a strong national footprint and a reputation for financial reliability, Wells Fargo supports industries such as energy, manufacturing, transportation, and healthcare through scalable leasing programs that meet diverse operational needs.

Their equipment finance services include operating leases, capital leases, and customized loan structures, allowing businesses to manage cash flow more efficiently while gaining access to essential equipment.

Whether a company is expanding its fleet, upgrading machinery, or adopting new technology, Wells Fargo provides flexible terms and competitive rates designed to align with budget constraints and business cycles.

Wells Fargo also stands out for its in-depth industry expertise, which helps businesses develop strategic financing solutions that can adapt to market demands. For companies looking to balance growth with financial stability, Wells Fargo remains a top-tier option among equipment leasing companies.

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10. First American Equipment Finance

First American, a division of City National Bank, is a prominent player among equipment leasing companies specializing in high-volume leasing solutions tailored for enterprise clients.

Their platform is particularly well-suited for industries requiring specialized equipment financing, such as technology, medical, and education sectors.

First American focuses on delivering flexible lease structures that accommodate large-scale equipment acquisitions, enabling businesses to preserve capital while maintaining access to the latest tools and technology. Their expertise in managing complex leasing portfolios makes them a preferred partner for companies with diverse and evolving equipment needs.

With competitive rates and customized terms, First American supports enterprises in optimizing their equipment investments while balancing operational budgets.

Their seamless leasing process and dedicated customer service further enhance their reputation in the equipment leasing companies’ space, making them an excellent choice for businesses looking for scalable financing solutions.

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FAQs

What types of equipment can I lease from equipment leasing companies?
Equipment leasing companies typically finance a wide range of assets, including technology, medical devices, heavy machinery, vehicles, office equipment, and more, depending on the lender’s specialization.

Can businesses with poor credit qualify for equipment leasing?
Many equipment leasing companies offer flexible credit requirements and may approve leases for businesses with less-than-perfect credit, often with adjusted terms or higher deposits.

What is the typical lease term offered by equipment leasing companies?
Lease terms vary but generally range from 12 to 72 months, allowing businesses to choose options that best fit their budget and equipment usage plans.

Is it possible to buy the equipment at the end of the lease?
Yes, most equipment leases include a buyout option at the end, enabling businesses to purchase the equipment outright, often at a discounted price.

Are there tax advantages to leasing equipment?
Leasing equipment can offer tax benefits, such as deducting lease payments as a business expense, but it’s advisable to consult a tax professional for specifics related to your situation.

Conclusion

Equipment leasing companies provide flexible, cost-effective solutions for businesses needing essential equipment without large upfront costs.

With tailored terms, quick approvals, and buyout options, leasing helps companies stay agile and preserve cash flow. Choosing the right leasing partner ensures your business can access the latest technology and grow efficiently.