Oakmont Capital Partners with Quaint Oak Bank to Expand Lending Capabilities
JAN 12, 2021 - 7:16 am
Oakmont Capital Holdings entered a partnership with Quaint Oak Bank. As a direct, independent lender, Oakmont Capital Holdings will expand its lending lines as it attempts to further solidify its position in the equipment finance industry.
“Oakmont Capital Services and Quaint Oak Bank have worked together over an extended timeframe, and we’re pleased to take our relationship to the next level,” Joe Leonard, CLFP, managing member at Oakmont Capital, said. “With Oakmont’s expertise in the equipment finance industry and Quaint Oak’s investment, we can now offer our customers a more robust line of financing options and an equally streamlined process.”
Oakmont Capital has been providing commercial equipment financing and working capital throughout all 50 U.S. states since 1998. The company has locations in West Chester, PA, and Albany, MN. Quaint Oak Bank, headquartered in Southampton, PA, has been serving its community for 95 years and has a family of companies, including mortgage, real estate, title abstract and insurance.
“The partnership with Oakmont Capital is an exciting step,” Robert T. Strong, president and CEO at Quaint Oak Bank, said. “Our goal was to add an equipment finance company to our family of companies, and after working with Oakmont, we’ve been impressed with their team and determined that a more formal relationship would benefit our business model and our customers.”
Oakmont Capital will remain a direct, independent lender, working with customers in tree care, landscaping, construction and other industries to finance equipment. Leveraging additional funds provided by Quaint Oak Bank, Oakmont will offer additional business lines and financing options via a virtual process.
“This partnership is a win-win-win for everyone involved, from our businesses to our employees and, of course, our customers. We are excited about this opportunity and the growth of both Oakmont and Quaint Oak,” Leonard said.
The Monitor established its Editorial Board in 2019 to solidify its commitment to staying on the cutting edge of the equipment finance industry. During its two-year term, the inaugural board provided valuable guidance and contributions that helped the Monitor expand... read more
AI (Artificial Intelligence): The theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making and translation between languages. Data-driven AI will accelerate the speed of online lending. Lenders... read more