Providence Equipment Finance, a Division of Providence Bank & Trust
Providence Equipment Finance, a Division of Providence Bank & Trust
1555 S. Ardmore Avenue
Villa Park, Illinois 60181
(630) 985-3500
http://www.providenceleasing.com
dale@providenceleasing.com
Contact Information
Dale Kluga, President
(630) 985-3500 (Office)
(630) 675-0828 (Mobile)
dale@providenceleasing.com
Paul Huidobro , Director of Business Development
(630) 868-4027
(847) 312-0294 (Mobile)
paul@providenceleasing.com
Company Information
PEF is Providence Equipment Finance, a Division of Providence Bank & Trust, the successor company to Cobra Capital which was acquired in 2016 to expand the banks commercial product offerings to include national equipment finance services to privately held businesses. Headquartered in the Chicagoland area, PEF will consider most types of equipment and differentiates itself by providing creative financing structures for experienced and growth-oriented entrepreneurs. Our ability to accommodate non-conforming situations is limited only by the essential use nature of the equipment, minimum DSC of at least 1:1, a customer industry niche, and experienced owner operators. We provide the most added value services to those growth oriented firms having proven experience in their specific industry. PEF provides the best value for customers who deserve to be financed.
General Information
Funding Information
Company Type
- Bank Affiliate
In Business Since
- 2000
Trade Associations
- NEFA
- AACFB
Funding Source Type
- Lessor
Source of Funds
- Internal
Annual Funded Volume
- 35,000,000
Transaction Profile
Deal Size Range
- $250K-$1MM
Term
- 5-7 Years
Average Term
- 4 Years
Products Offered
- Conditional Sale
- Finance Lease
- FMV
- Money-Over-Money
- Sale/Leaseback
Scope of Geographic Activity
- National
Transaction Preferences
Equipment Categories
- Agriculture
- Audio, Visual & Broadcast
- Auto/Light Truck
- Bus/Mass Transit
- CAD/CAM
- Computer Related
- Construction
- Containers
- Dry Cleaning/Laundry
- Energy Related
- Food Distribution/Processing
- Graphic Arts/Printing
- Health/Fitness
- HVAC
- Industrial/Manufacturing
- Machine Tool
- Materials Handling
- Medical/Dental
- Mining
- Office Equipment
- Packaging Paper
- Restaurant FF&E
- Retail FF&E
- Software Only
- Software/Hardware
- Stone Fabrication
- Telecommunications
- Trucks and Trailers
- Waste Disposal
Credit Quality
- B Quality
Special Services
- Brokers Welcome
- Custom Structures
- Working Capital ABL services considered on a case by case basis.
- PEF funds privately held mature and emerging growth businesses.
- Our pricing is credit based and we provide creative financing structures for experienced entrepreneurs.
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