Wheels Donlen announced the launch of a new equipment finance business on Sept. 21 that will be focused on providing dynamic funding solutions to the mid-market, large corporate, and financial sponsor segments.
With the launch of Capteris, Wheels Donlen can now assist their fleet partners with their equipment financing needs in addition to helping them reach their traditional fleet goals, according to the company.
Capteris will provide flexible financing and customized services as they launch with a suite of products including operating and capital leases, fixed and floating rate loans, refinancing, sale leasebacks, as well as other value-added services, the announcement stated. Capteris will have a coordinated coverage model around key markets, such as leveraging MidCap Financial’s presence in the mid-market and financial sponsor segment.
Today, Wheels Donlen announces the launch of a new equipment finance business called Capteris–https://t.co/PejC7aKlHx -focused on providing dynamic funding solutions to a wide range of industries, asset types & credit portfolios #equipmentfinance #equipmentleasing #equipmentloans pic.twitter.com/0eCyOL1qvg— Wheels Donlen (@DonlenFleet) September 21, 2022
Capteris President, Eric Dusch, said: “The equipment finance industry has been very competitive over the last several years given high demand, low losses, and favorable rate environment. Given current economic pressures, both companies and lessors are facing market challenges for the first time in many years. We see this as a tremendous time to enter the market given our unique positioning as an independent financial institution with the ability and appetite to serve a broad spectrum of industries, collateral types, and credit profiles.”
Capteris' leadership expertise will be able to serve a wide array of industry needs and asset types with the ability to tailor client solutions to meet a variety of financial, strategic, and competitive goals, according to the announcement.
“With Capteris, we have the opportunity to better serve our existing client base while at the same time expanding into new markets," Wheels Donlen’s CEO, Shlomo Crandus added. "We are excited to launch this business and believe the collaboration among Wheels Donlen, MidCap, and Capteris will be a true differentiator in the market.”
Originally posted on Automotive Fleet