NFS Capital

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.

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

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

• Equipment financing
• Equipment leasing
• Asset-based loans
• Commercial lending
• Non-investment grade financing

Headquarters

HQ city

Beverly

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. 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+.
2. 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

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core 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

Named customers14 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Magellan JetscoreGTM or Marketing Partner · 13 November 2025NFS 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

Direct 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

• Xtwitter.com/NFSLeasing
• Facebookfacebook.com/nfsleasing
• LinkedInlinkedin.com/company/nfs-capital1
• Instagraminstagram.com/nfscapital_

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NFS Capital