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

Contact Information

Dale Kluga, President
(630) 985-3500 (Office)
(630) 675-0828 (Mobile)

Ryan Rau, Business Development Representative
(630) 862-6589 (Mobile)
(630) 589-3148 (Office)

Providence Equipment Finance, A Division of Providence Bank & Trust (PEF) is 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.

PEF’s ability to accommodate non-conforming situations stems from our underwriting of the PEF Core Four: the essential use nature of the equipment, minimum DSC of at least 1:1, revenue growth and experienced management. 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

  • ELFA
  • NEFA

Funding Source Type

  • Lessor

Source of Funds

  • Internal

Annual Funded Volume

  • 35,000,000

Transaction Profile

Deal Size Range

  • $100-$250K
  • $250K-$1MM
  • $1MM-$5MM


  • 2-5 Years

Average Term

  • 4 Years

Products Offered

  • Conditional Sale
  • Finance Lease
  • FMV
  • Sale/Leaseback

Scope of Geographic Activity

  • National

Transaction Preferences

Equipment Categories

  • Audio, Visual & Broadcast
  • Auto/Light Truck
  • Bus/Mass Transit
  • 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
  • Software Only
  • Software/Hardware
  • Stone Fabrication
  • Telecommunications
  • Trucks and Trailers
  • Waste Disposal

Credit Quality

  • A Quality
  • B Quality
  • C 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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Terry Mulreany
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