Independent Equipment Finance Firm
The terms you receive are decided long before you meet a lender.
We structure, package, and place equipment financing for founders and sponsors, including loans, leases, and sale-leasebacks, from the first conversation through funding.
What Benningworth Is
An equipment finance firm built around the credit decision.
Benningworth represents the borrower. We are not a lender and we are not a listing service. We take a transaction from concept to close: understanding the asset, building the credit story, preparing the package, selecting the lenders, and holding the process together through documentation and funding.
Our lending partners’ teams have funded over $10 billion in equipment and commercial transactions, underwriters who have spent decades on the approval side of the table. We know what they need to see, in what order, and why deals stall when they don’t see it.
$10B+
In Equipment And Commercial Transactions Funded By Our Lending Partners
*Cumulative figure across our lending partners’ portfolios, not Benningworth’s own originations.
One firm. Structure, packaging, placement, and execution.
Why Benningworth
Most lower-middle-market transactions are shopped. Ours are presented.
Built for the underwriter. Priced for the borrower.
The typical equipment deal reaches a lender as a one-page application, a tax return, and a bank statement. An underwriter with limited time and no context prices what is in front of them. The business is sound. The presentation is not. The terms follow the presentation.
We prepare every transaction to the standard a middle-market credit committee expects. The financials are clean and reconciled. The use of funds is explained. The collateral is analyzed and supported. The credit questions are answered before they are asked.
The result is a lower-middle-market business that reads like a larger one, and is priced accordingly.
Three things this changes:
Pricing.
Rate, term, and advance rate move with underwriter confidence. Confidence is a function of clarity.
Certainty.
A complete file moves through committee. An incomplete one returns with conditions, or does not return at all.
Leverage.
A single lender sets your terms. A competitive process sets your terms against the market.
“A deal is worth what it can be shown to be worth.”
The Process
How a transaction is built.
Structure. Package. Place. Close.
Position
We begin with the business, not the application. Asset, cash flow, ownership, existing obligations, and the reason capital is being deployed. This determines the structure before anything is prepared, whether the transaction is a loan, a lease, or a sale-leaseback, and what it should reasonably command.
The credit story
Financial statements are reconciled and presented to institutional standards. Add-backs are documented. The use of funds is written as a narrative an underwriter can follow. Collateral is valued and supported. Every question a credit committee will raise is answered inside the file.
Packaging
The transaction is assembled as a complete submission: financial presentation, credit memorandum, collateral analysis, and supporting documentation. It arrives finished. Nothing about it invites a request for more information.
Placement
We do not broadcast transactions. We select a small number of lenders whose appetite, asset class, and structure genuinely fit the deal, and we approach them in parallel. Competition disciplines pricing. Selectivity protects your credit profile and our standing with the desks that matter.
Terms to close
Term sheets are compared on total cost, not headline rate: structure, covenants, prepayment, residual, and end-of-term treatment. We negotiate on your behalf, manage documentation, and remain on the transaction until funds are released.
What We Finance
Equipment Loans
Ownership from day one, with the asset as collateral. Fixed payments, defined term, full depreciation treatment. Suited to long-lived equipment a business intends to hold.
Equipment Leases
Capital preserved and payments matched to the productive life of the asset. Structures include fair market value, dollar buyout, and TRAC leases for titled equipment.
Sale-Leasebacks
Liquidity released from equipment already owned, with uninterrupted use of the asset. Frequently the least expensive capital available to an asset-heavy business, and rarely the first option presented to one.
Acquisition and Add-On Financing
Equipment financed at close or shortly after, reducing the equity requirement on a platform or add-on without disturbing the senior facility.
Refinancing and Restructuring
Existing equipment obligations consolidated or repriced to improve cash flow, extend term, or release collateral.
For Vendors and Dealers
Financing should not be the reason a sale is lost.
When a buyer cannot fund, the transaction stalls at the point of decision and often does not restart. Vendors, dealers, and manufacturers who work with Benningworth have a finance partner positioned before that moment arrives.
What we provide:
Structured financing options presented alongside the quote, so cost is discussed as payment rather than purchase price
Direct handling of the buyer's credit process, without demand on your sales team
Access to a lender panel with genuine appetite across credit profiles, including transactions a single bank relationship would decline
Clear communication on status, so your pipeline reflects reality
Your customer receives an institutional-grade process. You receive a shorter sales cycle and a higher close rate.
Discuss a vendor programCapital is available. Terms are earned.
If you are financing equipment, releasing liquidity from assets you already own, or structuring capital around an acquisition, the conversation begins with the transaction itself.
Start a conversationApply Now
Tell us about your deal.
Choose the path that fits you below. A member of our deal desk will follow up within 24 hours.