3 days ago
Machinery Partner launches new arm to streamline equipment financing
Machinery Partner, an online marketplace for heavy equipment, has introduced Machinery Partner Capital Solutions, a new finance division designed to streamline equipment financing.
The new arm will leverage AI-powered underwriting to enhance speed, transparency, and personalisation in the financing process.
At the core of this development is a collaboration with a San Francisco-based fintech company that automates credit prescreening and underwriting through AI technology.
Kaaj co-founder Shivi Sharma said: 'Kaaj's AI agents verify businesses, assess risk, and generate next steps in real-time. The result is faster decisions, better matches, and more approvals without the paperwork.'
Unlike traditional captive finance models, Machinery Partner Capital Solutions connects customers with the most suitable lender for their specific needs, facilitated by a strategic partnership with Mazo Capital Solutions, the platform's primary back-room lender.
Key features of the platform include financing options for transactions up to $5m, quick loan approvals up to $500,000 and optional 90-day deferrals.
Other features include seasonal payment plans and compatibility with customer-preferred lenders, even those outside the Machinery Partner network.
This comprehensive approach will offer a seamless experience from sourcing equipment to securing funding and providing ongoing service.
Machinery Partner CLFP and Equipment Lending officer Tim Murphy said: 'We created Machinery Partner Capital Solutions to eliminate the delays and complexity that contractors have come to expect.
'Whether you're a quarry buying a crusher or a small contractor financing a $10,000 breaker, we deliver financing that fits.'
Currently, Machinery Partner operates in 42 states, supporting over 200 contractors with its modern approach to heavy equipment ownership.
"Machinery Partner launches new arm to streamline equipment financing" was originally created and published by Leasing Life, a GlobalData owned brand.
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