What LeaseQ does

LeaseQ is an online equipment financing marketplace that connects businesses seeking to lease or finance commercial equipment with hundreds of financing companies operating in North America. The platform, established in 2011 and operating as a trade name under parent company Centra Funding (headquartered in Burlington, MA), serves primarily small and medium-sized businesses across more than 25 equipment verticals including restaurant, medical, construction, office, agricultural, commercial vehicle, vending, printing, and point-of-sale equipment. Its core product is an instant equipment lease quote engine that delivers pre-qualified quotes from multiple leading financing companies in under two minutes, using soft credit inquiries that do not impact personal credit scores and enable repeat shopping for pre-qualified terms.

The underlying technology is a web-based comparison and matching platform that aggregates lender offerings across fragmented equipment categories and surfaces side-by-side payment options (monthly, seasonal, step, and deferred plans). The platform is built around self-service distribution: there are no sales representatives in the buyer flow, no mobile app, and no public API or developer ecosystem. LeaseQ supports its marketplace through industry association memberships (ELFA, NEFA), BBB accreditation, and dealer network referral partnerships. The company's go-to-market is purely direct-to-consumer via organic and content channels, with the website and blog functioning as the primary acquisition surface.

The business model is a lender-side transaction-fee marketplace: equipment buyers receive the service free of charge, while revenue is generated through transaction facilitation and lender partnerships. The company has raised approximately $4.2M across five funding rounds between 2013 and 2018, with no disclosed institutional capital activity since. LeaseQ has not pursued acquisitions, geographic expansion beyond North America, or AI/ML capability development, and remains a privately held, parent-owned SMB-focused equipment financing aggregator.

Name

LeaseQ

Legal name

Centra Funding

Website

https://leaseq.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

LeaseQ is an online equipment financing marketplace that connects small and medium-sized businesses with hundreds of North American lenders across 25+ equipment verticals. The free-to-buyer platform delivers pre-qualified instant lease quotes via a self-serve quote engine operating under parent Centra Funding.

Ownership category

akta.pro rank

Product category

Equipment Financing Marketplace

NAICS

Commercial and Industrial Machinery and Equipment Rental and Leasing (5324), Automotive Equipment Rental and Leasing (5321), Office Machinery and Equipment Rental and Leasing (532420)

SIC

Finance Lessors (6172), Services-Equipment Rental & Leasing, Nec (7359)

akta.pro primary industry

Equipment & Tool Leasing (Consumer) (FSAKANAF)

akta.pro secondary industries

Lease Servicing, Management & Remarketing (Consumer) (FSAKANAL), Consumer/Private Lease & Subscription (Personal Contract Hire) (TLABAAAC), Flatbed & Platform Truck Leasing & Rental (TLABABAE), Leasing & Lease Buyout Financing (FSAKADAC)

Keywords

• Equipment leasing marketplace
• Commercial equipment financing
• Business lease quotes
• Multi-lender financing platform
• Equipment finance aggregator

Headquarters

HQ city

Burlington

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Equipment Financing Marketplace: Operates as a marketplace connecting equipment buyers with hundreds of leading financing companies across 25+ equipment market segments. Revenue generated through transaction facilitation and lender partnerships.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

LeaseQ operates an online equipment financing marketplace that instantly matches businesses with hundreds of leading finance companies across 25+ equipment market segments and delivers pre-qualified lease quotes in under two minutes using soft credit inquiries. The platform covers restaurant, medical, dental, office, construction, agricultural, truck and van, printing, vending, and POS equipment, with add-on services for flexible time payment plans and Section 179 tax deduction guidance.

Product overview

LeaseQ is an online equipment leasing and financing marketplace platform that connects businesses with leading finance companies across North America. The core product is the Instant Equipment Lease Quote Engine, which delivers pre-qualified financing quotes from hundreds of lenders in under 2 minutes using soft credit inquiries. The platform supports equipment financing across 25+ market segments including restaurant equipment, office equipment, medical equipment, construction equipment, agricultural equipment, commercial vehicles, printing equipment, vending machines, and POS/retail technology. LeaseQ operates as an aggregator/marketplace model—rather than a direct lender—pairing equipment buyers with financing companies based on equipment type, dollar amount, and credit profile. Additional value-add services include flexible time payment plans (monthly, seasonal, step payment, deferral options) and Section 179 tax deduction consultation to help businesses maximize tax benefits when combining leasing with equipment purchases. The company does not develop separate software modules or SaaS products; it functions as a broker/matching platform for equipment financing.

Differentiator

Problem solved

Functional benefit

Products and services

• Instant Equipment Lease Quote Engine
• Equipment Financing Services Comprehensive equipment leasing and financing solutions covering acquisition, installation, and maintenance costs with flexible payment plans including monthly, seasonal, step payment, and deferral options across 100% financing.
• Restaurant Equipment Leasing Specialized leasing for commercial kitchen equipment, cooking appliances, refrigeration, dining room furnishings, and specialty restaurant items including pizza, concessions, and bar equipment.
• Medical Equipment Leasing Financing for medical and dental equipment for healthcare providers and medical practices.
• Construction Equipment Leasing Equipment financing for construction machinery and heavy equipment.
• Tractor and Farm Equipment Leasing Financing for agricultural equipment including tractors, combines, GPS systems, grain handling equipment, and farm machinery with GPS-enabled automation capabilities.
• Truck and Van Leasing Commercial vehicle leasing for trucks, semi-trucks, vans, trailers, and fleet transportation solutions including refrigerated and flatbed trailers.
• Vending Machine Leasing Financing for vending machines and equipment including bill acceptors, coin machines, combo machines, frozen machines, and snack machines.
• Printing Equipment Leasing Leasing for printing equipment including digital presses, bindery equipment, screen printing, and sheet-fed/web presses.
• Office Equipment Leasing Leasing solutions for office equipment, furniture, electronics, IT and networking equipment, copiers, phone systems, and software.
• Point of Sale (POS) Equipment Leasing Retail technology financing including POS systems, self-checkout, digital signage, kiosk equipment, and multi-channel retailing technology.
• Time Payment Plans Flexible payment schedule options including monthly payments, seasonal plans, step payment structures, payment deferrals, and security deposit programs.
• Section 179 Tax Deduction Consultation Tax advantage guidance enabling businesses to deduct the full purchase price of qualifying equipment under IRS Section 179, combined with equipment leasing to maximize tax savings.

Quantifiable outcome

• Process takes 2 minutes for equipment financing application
• +1 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and moderate.

• Equipment Leasing and Finance Association (ELFA)coreChannel Partner/ Reseller/ DistributorIndustry association membership providing credibility, industry standards alignment, and networking within the equipment finance industry.
• National Equipment Finance Association (NEFA)coreChannel Partner/ Reseller/ DistributorIndustry association membership providing visibility, professional development resources, and industry advocacy within equipment financing sector.
• BBB (Better Business Bureau)moderateChannel Partner/ Reseller/ DistributorAccredited business with BBB review providing trust and credibility signals to potential customers.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Nav: Nav is a SMB financial marketplace that helps business owners compare business credit cards, loans, and financing options from multiple lenders. Comparable to LeaseQ as a digital SMB financing comparison/marketplace platform, though Nav focuses on broader credit products than equipment-specific finance.
• BlueVine: BlueVine is a fintech platform offering SMB financing products including lines of credit, invoice factoring, and term loans through a digital, self-serve experience. Comparable to LeaseQ on the SMB digital-financing model and speed-of-quote UX, though product mix differs.
• Funding Circle US: Funding Circle is an SMB lending marketplace that connects small businesses with multiple investors/lenders for term loans and lines of credit. Comparable to LeaseQ as a multi-lender SMB marketplace with a self-serve digital experience, though Funding Circle focuses on general SMB term debt rather than equipment-specific finance.

Direct peers

• Crest Capital: Crest Capital is an equipment financing and leasing company specializing in commercial equipment leases and loans for SMBs across many industries. Directly comparable to LeaseQ on equipment focus and SMB customer profile, with a similar multi-vertical coverage strategy.
• Balboa Capital: Balboa Capital is a direct equipment financing provider and small business lender offering leases and loans for commercial equipment, vehicles, and working capital. Comparable to LeaseQ in serving SMBs needing equipment financing, though Balboa is a direct funder rather than an aggregator.
• National Funding: National Funding provides working capital, equipment leasing, and small business loans to SMBs. Comparable to LeaseQ as both serve SMB equipment finance needs with a fast-application, multi-product approach, though National Funding is a direct lender.
• Lendio: Lendio operates an SMB lending marketplace that matches small businesses with multiple lenders across products including equipment financing, working capital, and SBA loans. Highly comparable to LeaseQ as both are online multi-lender marketplaces focused on SMB financing with a broker-style, free-to-borrower model.
• Forward Financing: Forward Financing is an online small business financing provider offering revenue-based financing and small business loans, with strong SMB customer overlap. Comparable to LeaseQ in targeting SMBs with fast, online financing solutions, though Forward Financing focuses on working capital rather than equipment.
• Currency Finance: Currency is an online equipment financing platform that provides fast, digital equipment loans and leases to SMBs across many equipment categories. Closely comparable to LeaseQ on equipment focus, SMB target market, and digital origination model.

Broad incumbents

• CIT Group (now First Citizens Bank): CIT (acquired by First Citizens Bank) is a major direct commercial equipment financier with deep relationships across the equipment finance industry and ELFA membership. Comparable to LeaseQ on equipment finance focus, but CIT is a large balance-sheet lender and less specialized in SMB aggregation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/leaseq

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds5 records

Investors2 records

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

M&A

Investments

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

Frequently asked questions about LeaseQ