NFS Capital
NFS Capital is a private equipment finance company providing leases and asset-backed loans ($25K to $20M+) to non-investment-grade small and mid-sized businesses across the U.S. and Canada, using a proprietary "story credit" underwriting approach with 24-48 hour decisions.
- Company typePrivate
- Founded2006
- HeadquartersBeverly, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What NFS Capital does
NFS Capital, LLC is a privately held specialty equipment finance company headquartered in Beverly, Massachusetts, with roots dating to 1989 and the current entity founded in 2006 (rebranded from NFS Leasing, Inc. in 2025). The company provides equipment leasing and asset-backed loans to non-investment-grade small and mid-sized businesses across the U.S. and Canada, filling a credit gap left by regulated banks. Transaction sizes range from $25,000 (small-ticket program) to over $20 million, and product structures include Fair Market Value leases, capital leases with $1 buyouts, Equipment Finance Agreements, sale-leasebacks, and asset-based loans up to $15 million.
NFS underwrites using a proprietary "story credit" methodology that evaluates borrowers beyond standard financial metrics, supported by an in-house credit team led by a Chief Credit Officer. The company uses its own balance sheet capital to fund originations, enabling a 24-48 hour decision timeline that is materially faster than traditional bank lending. Distribution is multi-channel, combining direct enterprise sales with broker, vendor, financial-partner, and referral programs. Operations are supported by five offices: Beverly (HQ), Hoboken (NY Metro), Valparaiso (Chicago), Burlington (Canada), and Boca Raton (opened September 2025).
The business model is asset-based and recurring: NFS earns spread on funded leases and loans held on its balance sheet, with $2 billion+ in cumulative capital deployed since 2006 and 34% year-over-year growth in 2024 originations. In July 2025, Monroe Capital made a $100 million minority equity investment to support growth across technology, healthcare, manufacturing, construction, life sciences, and aviation verticals; a partnership with Magellan Jets (November 2025) added private aviation financing as a new asset class.
NFS Capital firmographics
Firmographics- Name
- NFS Capital
- Legal name
- NFS Capital, LLC
- Website
- https://nfscapital.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- NFS Capital is a private equipment finance company providing leases and asset-backed loans ($25K to $20M+) to non-investment-grade small and mid-sized businesses across the U.S. and Canada, using a proprietary "story credit" underwriting approach with 24-48 hour decisions.
- Ownership category
- akta.pro rank
NFS Capital industry classification
Industry- Product category
- Equipment Financing & Leasing
- NAICS
- Sales Financing (52222), Finance and Insurance (52)
- SIC
- Finance Lessors (6172), Services-Equipment Rental & Leasing, Nec (7359), Miscellaneous Business Credit Institution (6159), Services-Computer Rental & Leasing (7377)
- akta.pro primary industry
- SME Equipment & Asset Finance (Leasing, Fleet, Capex) (FSABABAH)
- akta.pro secondary industry
- Merchant Cash Advance (MCA) & Revenue-Based Financing (FSAKAGAD)
Keywords
Where NFS Capital is headquartered
LocationHeadquarters
- HQ city
- Beverly
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
NFS Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Equipment Leasing: NFS Capital provides various lease structures including FMV (Fair Market Value) leases, capital leases ($1 buyouts), EFAs (Equipment Finance Agreements), and sale-leasebacks. Transaction sizes range from $25,000 to $20M+.
- Asset-Based Loans: Asset-based loans enabling companies to access equity in business assets, converting it to working capital. Loans provided for up to $15 million. The company retains title to pledged assets as collateral.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Small-ticket program for transaction sizes $25,000-$150,000 |
| Unit Pricing | Monthly | Mid-market transactions ranging from $150K to $20M+ |
| Unit Pricing | Monthly | Asset-based loans up to $15 million |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
NFS Capital product offering
Product offeringCore offering
NFS Capital is an independent equipment finance company that originates and funds equipment leases and asset-backed loans for non-investment-grade small and mid-sized businesses in the U.S. and Canada. It offers FMV leases, capital leases ($1 buyouts), Equipment Finance Agreements (EFAs), sale-leasebacks, and asset-based loans ranging from $25,000 to $20M+ using its own balance sheet capital, with decisions issued in 24–48 hours.
Product overview
NFS Capital is an equipment financing company that operates as a story lender, providing flexible equipment financing and asset-backed loans to non-investment-grade small and middle-market businesses across the U.S. and Canada. The core offering consists of Equipment Financing/Leasing supplemented by Asset-Based Loans (up to $15M). The product portfolio includes FMV Leases, Capital Leases ($1 Buyouts), Equipment Finance Agreements (EFAs), and Sale Leasebacks. Transaction sizes range from $25,000 (Small-Ticket Program) to over $20 million. The company serves diverse client segments including Corporate Customers, Broker Partners, Vendor Partners, Financial Partners, and Referral Partners. The company also specializes in industry-specific financing across technology, healthcare/medical equipment, biotech, construction, manufacturing, and aviation sectors.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 34% year-over-year origination growth in 2024
- +2 more outcomes
Companies that use NFS Capital
Customer profileNamed customers14 records
Segments6 records
Ideal customer profiles4 records
NFS Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
NFS Capital partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Magellan JetscoreNFS Capital provides financing solutions for Magellan Jets Fractional Ownership program, offering up to 90% financing for Challenger 850 fractional shares with expedited closings. Magellan Jets clients gain access to NFS Capital's equipment financing expertise for private aviation assets.
Scale indicators7 records
Recent moves8 records
Expansion highlights6 records
NFS Capital competitors and assessment
Company assessmentDirect peers
- Ascentium Capital: Ascentium Capital is a direct competitor in equipment finance, providing leasing and financing solutions for SMBs across the US. Both companies target mid-market equipment financing with flexible underwriting, and both operate through vendor and broker channels with similar transaction sizes.
- Marlin Capital Solutions: Marlin Capital Solutions provides equipment leasing and working capital solutions to small businesses. It is directly comparable in customer segment (non-investment-grade SMBs), product offering (equipment leasing plus working capital), and GTM (broker, vendor, and direct channels).
- Balboa Capital: Balboa Capital is a direct competitor in equipment financing and leasing for SMBs, offering similar lease structures, vendor programs, and small-ticket products. Both serve non-investment-grade borrowers and operate in the US/Canada markets.
- LEAF Commercial Capital: LEAF Commercial Capital provides equipment leasing and financing to SMBs across multiple industries including construction, healthcare, and manufacturing. Directly comparable in target market, deal sizes, and equipment finance focus.
- TimePayment: TimePayment specializes in small-ticket equipment leasing for SMBs with a vendor and broker-driven model. Compares to NFS's small-ticket program ($25K-$150K) and similar non-investment-grade credit focus.
Emerging players
- Currency (formerly Currency Capital): Currency is a fintech-enabled equipment finance platform that serves SMBs with a digital-first experience. Less overlap than direct peers but increasingly competitive in the same customer segment with modern underwriting technology.
- BlueVine: BlueVine is a fintech lender providing working capital and term loans to SMBs. Adjacent rather than direct, but increasingly competing for the same non-investment-grade SMB customer and leveraging data-driven underwriting.
- OnDeck Capital: OnDeck Capital provides online lending to small businesses including equipment financing products. Adjacent competitor that shares SMB customer target and credit-box flexibility but operates more through digital channels.
Broad incumbents
- Citizens Asset Finance (CIT): Citizens Asset Finance, part of Citizens Financial Group, provides equipment financing to mid-market and large enterprises across many industries. A broader incumbent with overlapping capabilities but larger scale and different target customer profile.
- Wells Fargo Equipment Finance: Wells Fargo Equipment Finance is a major bank-affiliated equipment finance provider serving middle-market and large customers. A broad incumbent competitor in equipment leasing that operates at a different scale and customer tier than NFS.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
NFS Capital social profiles
Digital presenceNFS Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
NFS Capital leadership team
Management profileNumber of profiles
Profiles5 records
NFS Capital funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NFS Capital M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NFS Capital
What does NFS Capital do?
NFS Capital is an independent equipment finance company that originates and funds equipment leases and asset-backed loans for non-investment-grade small and mid-sized businesses in the U.S. and Canada. It offers FMV leases, capital leases ($1 buyouts), Equipment Finance Agreements (EFAs), sale-leasebacks, and asset-based loans ranging from $25,000 to $20M+ using its own balance sheet capital, with decisions issued in 24–48 hours.
Is NFS Capital a public or private company?
NFS Capital is a private company. It is classified as venture growth investor backed and is currently operating.
When was NFS Capital founded?
NFS Capital was founded in 2006. It employs 11 to 50 people.
Where is NFS Capital based?
NFS Capital is headquartered in Beverly, United States, in the North America region.
How does NFS Capital make money?
Two revenue lines are on record. Equipment Leasing is the primary driver. The others are asset-Based Loans.
Who are NFS Capital's main competitors?
Direct peers on record are Ascentium Capital, Marlin Capital Solutions, Balboa Capital, LEAF Commercial Capital and TimePayment. Emerging players are Currency (formerly Currency Capital), BlueVine and OnDeck Capital. Broad incumbents are Citizens Asset Finance (CIT) and Wells Fargo Equipment Finance.
Does NFS Capital have an API?
No public API is recorded for NFS Capital.
What industry is NFS Capital in?
NFS Capital's product category is Equipment Financing & Leasing. Its primary akta.pro industry code is FSABABAH, SME Equipment & Asset Finance (Leasing, Fleet, Capex), with a secondary code of FSAKAGAD, Merchant Cash Advance (MCA) & Revenue-Based Financing. Its NAICS code is 52222 and its SIC code is 6172.