Elevex Capital, a specialty commercial equipment finance company, launched its floor plan finance platform, a purpose-built, multi-vertical wholesale inventory finance business serving equipment dealers, distributors and resellers across the United States. The platform is live in partnership with Vero Finance Technologies, a provider of technology and servicing for wholesale and inventory finance, which provides day-to-day servicing and operational support through its lending-as-a-service (LaaS) program and VeroOS, Vero’s modular wholesale and inventory finance platform.
The platform serves both OEM-sponsored dealer programs and independent dealers. Elevex’s OEM and distributor finance programs are live at launch, with Vero servicing sponsored finance offerings for manufacturers and other OEM ecosystem partners from day one.
Vero’s technology carries the operational load that historically kept lenders from serving smaller facilities economically, enabling Elevex to scale efficiently while maintaining a modern borrower and partner experience.
“Dealers have been taught to expect their flooring partners to leave — and too often, they have,” Jeffry D. Elliott, CEO of Elevex Capital, said. “This asset class never deserved that abandonment; it performs through the cycle. We built Elevex to be the floor plan lender that stays: multi-vertical, technology-enabled and committed by design. Most lenders finance assets. We engineer outcomes — and we intend to be here to see them through.”
Spencer Richman, president and chief operating officer of Elevex Capital, added, “The old floor plan experience meant surprise audits, rigid curtailments, and waiting days for funding. When we can see a dealer’s floor in real time, we can fund faster, audit with far less friction, and give dealers the flexibility their business actually needs. The technology is what lets us be both disciplined and dependable at the same time.”
John Mizzi, CEO of Vero Technologies, said, “Elevex is building a technology-forward equipment finance platform with a clear focus on speed, transparency and modern execution. By pairing Elevex’s vision with Vero’s proven servicing capabilities and VeroOS, we’re helping Elevex launch, scale and bring its OEM- and distributor-sponsored finance programs to market.”
