Key Equipment Finance
Key Equipment Finance is a division of KeyBank National Association providing equipment loans, leases, sale/leaseback, syndication, and tax-exempt financing to mid-to-large enterprises across agribusiness, clean energy, healthcare, manufacturing, marine, transportation, and government sectors, with $9.7B in assets.
- Company typePrivate
- Founded1960
- HeadquartersBoulder, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Key Equipment Finance does
Key Equipment Finance is a division of KeyBank National Association (a subsidiary of KeyCorp, NYSE: KEY) and one of the larger bank-affiliated equipment finance providers in the United States. Operating for over 50 years and headquartered in Cleveland, Ohio, the business holds approximately $9.7 billion in assets and ranks #9 among U.S. bank-affiliated equipment financing companies by assets and #9 in syndicated volume (Monitor 100, 2025). It serves mid-to-large enterprises across seven specialized practice areas: agribusiness, clean energy, healthcare, manufacturing, marine, transportation, and government/non-profit entities.
The company delivers a comprehensive suite of equipment financing structures, including direct loans, operating leases, finance leases, sale/leaseback arrangements, progress payment facilities, large-ticket syndicated solutions, and tax-exempt financing (the last delivered through its wholly-owned subsidiary Key Government Finance, Inc.). Core technology is described as an equipment financing and leasing platform with no proprietary AI or software products disclosed. The offering supports up to 100% financing with payment structures matched to client cash flow, addressing capital constraints, balance-sheet optimization, tax benefit realization, and end-of-life equipment disposal planning.
Revenue is generated primarily through interest income on loans, recurring lease payments on operating and finance leases, structuring and syndication fees, and spread on tax-exempt financing. Distribution is handled through KeyBank's corporate banking network, direct expert consultation via a "Find an Expert" contact model, and the dedicated Key Government Finance subsidiary for public-sector deals. The go-to-market is enterprise field sales with relationship-based origination. Headcount is reported at 251–500 employees, and named customer activity includes Pasha Hawaii (LNG-powered container ship financing in marine practice).
Key Equipment Finance firmographics
Firmographics- Name
- Key Equipment Finance
- Legal name
- KeyBank National Association
- Website
- https://keyequipmentfinance.com
- Company type
- Private
- Founded year
- 1960
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Key Equipment Finance is a division of KeyBank National Association providing equipment loans, leases, sale/leaseback, syndication, and tax-exempt financing to mid-to-large enterprises across agribusiness, clean energy, healthcare, manufacturing, marine, transportation, and government sectors, with $9.7B in assets.
- Ownership category
- akta.pro rank
Key Equipment Finance industry classification
Industry- Product category
- Equipment Finance and Leasing
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221), Sales Financing (52222)
- SIC
- National Commercial Banks (6021), Services-Miscellaneous Equipment Rental & Leasing (7350)
- akta.pro primary industry
- Equipment & Asset Finance Brokerage (FSAEAEAJ)
- akta.pro secondary industry
- Commercial Trucking & Heavy Equipment Vehicle Finance (FSAKADAI)
Keywords
Where Key Equipment Finance is headquartered
LocationHeadquarters
- HQ city
- Boulder
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Key Equipment Finance business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Equipment Financing: Provides loans, operating leases, finance leases, sale/leaseback arrangements, and progress payment facilities for equipment acquisition. Revenue generated through interest income, lease payments, and structuring fees.
- Large Ticket Syndication: Syndication solutions for large-scale equipment financing deals, allowing risk sharing and co-financing with other institutions.
- Tax-Exempt Solutions: Tax-exempt financing solutions offered through Key Government Finance, Inc. subsidiary for governmental and non-profit entities.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Key Equipment Finance product offering
Product offeringCore offering
Key Equipment Finance provides equipment acquisition financing for U.S. corporations, offering loans, operating leases, finance leases, sale/leaseback arrangements, progress payment facilities, and tax-exempt solutions across seven industry verticals (Agribusiness, Clean Energy, Healthcare, Manufacturing, Marine, Transportation, and Government/Non-Profit). With $9.7 billion in assets, the division structures deals to provide up to 100% financing with payments matched to customer cash flow, leveraging KeyBank's capital base and banking relationships.
Product overview
Key Equipment Finance is a division of KeyBank National Association offering a comprehensive suite of equipment financing solutions. The portfolio includes core financing products (Loans, Operating Leases, Finance Leases, Sale/Leaseback, Tax-Exempt Solutions, Progress Payment Facilities, and Large Ticket Syndication Solutions) supported by specialized industry practice areas covering Agribusiness, Clean Energy, Government/Non-Profit, Healthcare, Manufacturing, Marine, and Transportation. With $9.7 billion in assets, it is the 9th largest bank-affiliated equipment financing company in the U.S. The solutions-based approach is designed to optimize cash flow, preserve lines of credit, and provide up to 100% financing with payments structured to match business cash flow patterns.
Differentiator
Problem solved
Functional benefit
Products and services
- Equipment Loans Direct lending solutions for equipment acquisition providing up to 100% financing with flexible payment structures matched to business cash flow patterns, designed for U.S. corporations acquiring equipment.
- Operating Leases Lease arrangements allowing businesses to use equipment while maintaining flexibility, potentially offering tax benefits and off-balance-sheet treatment.
- Finance Leases Long-term lease agreements transferring substantially all risks and rewards of equipment ownership to the lessee, with ownership transfer at lease end.
- Sale/Leaseback Transaction structure allowing businesses to sell owned equipment to Key and immediately lease it back, converting assets into working capital.
- Progress Payment Facilities Financing arrangements that fund equipment acquisition in stages, typically aligned with manufacturing or construction milestones.
- Large Ticket Syndication Solutions Syndicated financing services for high-value equipment transactions, leveraging relationships with other lenders to co-fund large-scale acquisitions.
- Tax-Exempt Solutions Financing options structured to maintain tax-exempt status for governmental and non-profit entities, offered through Key Government Finance, Inc.
- Agribusiness Equipment Financing Specialized equipment financing for agricultural operations including tractors, harvesters, irrigation systems, and processing equipment, addressing capital allocation, cash flow optimization, and tax benefit realization.
- Clean Energy Equipment Financing Financing solutions for renewable energy and clean technology equipment supporting sustainable business transitions and energy transition financing needs.
- Healthcare Equipment Financing Financing for medical equipment including imaging systems, diagnostic equipment, and healthcare technology infrastructure, supporting upgrades, technology modernization, and capital preservation.
- Manufacturing Equipment Financing Financing solutions for industrial manufacturing equipment including CNC machines, production lines, and automation systems, supporting equipment acquisition, capacity expansion, and technology upgrades.
- Marine Equipment Financing Financing for marine vessels and equipment including newbuilds, vessel acquisitions, and maritime infrastructure, supporting fleet expansion and maritime equipment acquisition.
- Transportation Equipment Financing Financing for commercial transportation assets including trucks, trailers, rail equipment, and fleet vehicles, supporting fleet modernization and vehicle acquisition.
- Government and Non-Profit Equipment Financing Equipment financing services for governmental entities and non-profit organizations, including tax-exempt solutions through Key Government Finance, Inc., supporting budget optimization and equipment procurement.
Quantifiable outcome
- Up to 100% financing available for equipment acquisitions
- +1 more outcomes
Companies that use Key Equipment Finance
Customer profileNamed customers2 records
Segments7 records
Ideal customer profiles7 records
Key Equipment Finance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Key Equipment Finance partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights5 records
Key Equipment Finance competitors and assessment
Company assessmentDirect peers
- Wells Fargo Equipment Finance: A bank-affiliated equipment finance division within Wells Fargo serving mid-to-large enterprises with loans, leases, and vendor finance across multiple industries. Directly comparable as a bank-affiliated equipment finance peer with similar product suite and distribution model.
- JPMorgan Equipment Finance: The equipment finance arm of JPMorgan Chase, providing loans, leases, and structured financing for corporate equipment acquisitions. Closely comparable as a large bank-affiliated equipment finance competitor with similar enterprise customer focus.
- DLL (De Lage Landen): A global vendor finance and leasing company owned by Rabobank, providing equipment finance solutions across multiple industries and geographies. Directly comparable in product breadth and vertical specialization, though with broader global reach.
- CIT Group (now part of First Citizens Bank): A major bank-affiliated commercial lender with a substantial equipment finance franchise serving mid-market and large enterprises. Directly comparable in equipment finance capabilities, customer segment, and product mix.
- GreatAmerica Financial Services: A U.S.-focused independent equipment finance company specializing in commercial equipment leasing and financing across verticals including manufacturing, healthcare, and technology. Comparable as a non-bank equipment finance competitor serving similar mid-market customers.
- U.S. Bank Equipment Finance: The equipment finance division of U.S. Bancorp, providing loans, leases, and structured financing for commercial equipment. Closely comparable as a bank-affiliated equipment finance peer competing for similar enterprise customers and verticals.
- PNC Equipment Finance: PNC Financial Services Group's equipment finance unit offering loans, leases, and vendor financing programs. Comparable as a bank-affiliated equipment finance competitor with overlapping vertical expertise and customer base.
- Truist Equipment Finance: Equipment finance offerings from Truist Financial Corporation, providing loans and leases to commercial customers across multiple industries. Comparable as a bank-affiliated competitor with similar product mix and target customer segments.
Broad incumbents
- HP Financial Services: A captive finance arm of HP Inc., providing leasing and financing for HP technology equipment and broader IT infrastructure. Comparable as a large equipment finance provider, though narrower in product scope (technology-focused) and captive rather than independent.
- Cisco Capital: The captive financing arm of Cisco Systems, providing leasing and financing for networking and IT equipment. Comparable as a vendor-aligned equipment finance provider, though narrower in industry focus and operating as a captive rather than diversified finance division.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Key Equipment Finance social profiles
Digital presenceKey Equipment Finance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Key Equipment Finance leadership team
Management profileNumber of profiles
Profiles9 records
Key Equipment Finance subsidiaries and ownership
Company hierarchySubsidiaries1 record
Key Equipment Finance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Key Equipment Finance M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Key Equipment Finance
What does Key Equipment Finance do?
Key Equipment Finance provides equipment acquisition financing for U.S. corporations, offering loans, operating leases, finance leases, sale/leaseback arrangements, progress payment facilities, and tax-exempt solutions across seven industry verticals (Agribusiness, Clean Energy, Healthcare, Manufacturing, Marine, Transportation, and Government/Non-Profit). With $9.7 billion in assets, the division structures deals to provide up to 100% financing with payments matched to customer cash flow, leveraging KeyBank's capital base and banking relationships.
Is Key Equipment Finance a public or private company?
Key Equipment Finance is a private company. It is classified as public and is currently operating.
When was Key Equipment Finance founded?
Key Equipment Finance was founded in 1960. It employs 251 to 500 people.
Where is Key Equipment Finance based?
Key Equipment Finance is headquartered in Boulder, United States, in the North America region.
How does Key Equipment Finance make money?
Three revenue lines are on record. Equipment Financing is the primary driver. The others are large Ticket Syndication and tax-Exempt Solutions.
Who are Key Equipment Finance's main competitors?
Direct peers on record are Wells Fargo Equipment Finance, JPMorgan Equipment Finance, DLL (De Lage Landen), CIT Group (now part of First Citizens Bank), GreatAmerica Financial Services, U.S. Bank Equipment Finance, PNC Equipment Finance and Truist Equipment Finance. Broad incumbents are HP Financial Services and Cisco Capital.
Does Key Equipment Finance have an API?
No public API is recorded for Key Equipment Finance.
What industry is Key Equipment Finance in?
Key Equipment Finance's product category is Equipment Finance and Leasing. Its primary akta.pro industry code is FSAEAEAJ, Equipment & Asset Finance Brokerage, with a secondary code of FSAKADAI, Commercial Trucking & Heavy Equipment Vehicle Finance. Its NAICS code is 522110 and its SIC code is 6021.