Mac Financial Service

What Mac Financial Service does

MAC Financial Services, Inc. is a privately held, founder-owned equipment financing company founded in 2001 and headquartered in Scottsdale, Arizona, with a second office in Stamford, Connecticut. It provides loans, leases, and working capital secured by business equipment for customers ranging from sole proprietors and small businesses to Fortune 500 corporations, with active vertical focus on construction and contracting, trucking and transportation, oil and gas services, agriculture and farming, and adjacent heavy-equipment industries. The company employs 11–50 people and reports more than 23 years of operating history with an over 98% repeat customer ratio.

The core product set includes equipment financing and leasing across multiple structures — True Lease, FMV Lease, Capital Lease, TRAC Lease, Master Lease, and Sale-Leaseback — with ticket sizes up to $50 million at the enterprise tier and application-only approvals up to $500,000 without requiring financial statements or tax returns. The proprietary EWCP (Equipment Working Capital Program), launched January 2021 and extended nationally in June 2022, allows customers to borrow up to 125% LTV against the fair market value of equipment they already own, with $25K–$500K loan sizes, terms up to 60 months, and a stated 95% approval / 100% closing rate after $35M+ in cumulative originations. Supporting distribution assets include vendor financing programs (application-only up to $500K, same-day approvals, zero percent options) and a broker program with a syndication desk maintaining over 90% approval ratios.

The business model is transaction-fee based: revenue is generated from interest and finance charges on originated loans, lease payments across multiple lease structures, and fees from vendor and broker programs. Distribution combines direct sales through account executives, online/phone/fax applications, vendor partnerships (including a March 2020 partnership with Hitched, Inc. for digital channel access), and a growing broker network that is actively recruiting as larger lenders exit broker origination. Pricing across equipment leases is fixed-rate and term-based with stepped, seasonal, and skip payment options; the working capital product is priced on a fixed monthly payment basis averaging roughly 6.4% annual cost. Growth has been entirely organic since 2001, with no disclosed external funding rounds or institutional investors.

Name

Mac Financial Service

Legal name

MAC Financial Services, Inc.

Website

https://macfs.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1–10 employees

Short description

MAC Financial Services is a privately held equipment financing company, founded in 2001 and headquartered in Scottsdale, Arizona, providing loans, leases, and equipment-backed working capital to small businesses and enterprises in construction, trucking, oil and gas, agriculture, and related heavy-equipment industries across the United States.

Ownership category

akta.pro rank

Product category

Commercial Equipment Financing

NAICS

Commercial and Industrial Machinery and Equipment Rental and Leasing (5324), Sales Financing (52222)

SIC

Services-Equipment Rental & Leasing, Nec (7359), Short-Term Business Credit Institutions (6153)

akta.pro industry

PRIMARYFSAEAEAJ

Equipment & Asset Finance Brokerage

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Mortgage Brokerage & Loan Intermediation

SECONDARYFSAKADAI

Commercial Trucking & Heavy Equipment Vehicle Finance

Financial & Insurance/Lending & Consumer Finance/Auto Lending & Vehicle Finance

Keywords

• Equipment financing
• Equipment leasing
• Working capital loans
• Commercial lending
• Vendor financing

Headquarters

HQ city

Scottsdale

HQ country

United States

HQ region

North America

Offices2 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 Financing and Leasing: MAC Financial Services generates revenue through equipment financing and leasing arrangements for businesses. The company offers various lease structures including FMV leases, capital leases, operating leases, TRAC leases, and true leases. Revenue is generated from interest/finance charges on loans and lease payments over the term of agreements.
2. Equipment Working Capital Loans (EWCP): Exclusive working capital program launched January 2021, extended nationwide June 2022. Provides loans secured by equipment equity with terms up to 5 years. The company has funded over $35,000,000 through this program with 95% approval ratio and 100% closing rate.
3. Vendor Program Fees: Revenue from vendor partnership programs including application processing fees, financing arrangement fees, and marketing support services provided to equipment vendors and dealers.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

MAC Financial Services funds commercial equipment loans and leases for new and used business equipment used in construction, trucking, oil & gas, agriculture, manufacturing, and similar industries. Its flagship offering is the proprietary EWCP (Equipment Working Capital Program), which lends up to 125% of the fair market value of equipment the borrower already owns, providing working capital of $25,000 to $500,000 over terms up to 60 months. Supporting offerings include multiple lease structures (True, FMV, Capital, TRAC, Master, Sale-Leaseback) and dedicated vendor and broker programs that deliver financing to dealer and broker customers.

Product overview

MAC Financial Services provides a comprehensive suite of equipment financing and loan products designed for businesses of all sizes, from sole proprietors to Fortune 500 companies. The core offering centers on equipment financing for new and used business equipment across multiple industries including construction, drilling, mining, trucking, and manufacturing. The company's flagship proprietary product is the EWCP (Equipment Working Capital Program) which enables businesses to access working capital by borrowing against equipment they own. Supporting products include various lease structures (True Lease, FMV Lease, Capital Lease, TRAC Lease, Master Lease, Sale-Leaseback) and vendor/broker programs that provide financing solutions to dealers, vendors, and brokers in the equipment industry. The company also offers a Section 179 Tax Calculator tool to help customers understand tax benefits from equipment financing.

Differentiator

Problem solved

Functional benefit

Products and services

• Equipment Financing Provides financing and loans for new and used business equipment, including construction, manufacturing, transportation, and industrial equipment, with flexible lease terms tailored to each customer's cash flow needs. Targeted at small business owners, LLCs, sole proprietors, corporations, and Fortune 500 companies across multiple equipment verticals.
• EWCP (Equipment Working Capital Program) Exclusive equipment-backed working capital loan program that lets businesses borrow against the equity in their owned equipment. Provides up to 125% LTV of current fair market value with loan amounts from $25,000 to $500,000 and terms up to 60 months, and has originated over $35 million with a 95% approval ratio and 100% closing rate.
• Vendor Programs Programs for equipment dealers and vendors that help them offer financing to their own customers, including application-only approvals up to $500,000, same-day approvals, zero percent financing options, customized finance programs, marketing support, and sales training designed to improve close ratios.
• Broker Program Funding source for brokers offering prompt credit responses, dedicated professional customer service, and referral fees, including a syndication desk for customers who fall outside in-house credit parameters. Maintains an over 90% approval ratio through partner lenders and actively recruits new brokers as major lenders exit the broker business.
• Sale-Leaseback Allows businesses to re-capture capital previously invested in fully paid-off equipment. MAC purchases the equipment from the customer and leases it back over 12 to 84 months, providing immediate liquidity without disrupting equipment use.
• True Lease Tax or operating lease where payments are 100% tax-deductible and the equipment does not appear on the lessee's balance sheet as an asset or liability. Offers lower payments and may include a fair market value purchase option at lease end.
• Fair Market Value (FMV) Lease Lease in which the future value of the equipment is determined at lease termination. At the end of the term the lessee can negotiate the fair market value to purchase the equipment, return it, or continue leasing for an additional twelve months.
• Capital Lease Lease with a pre-stated bargain purchase option such as $1 Buyout, $101 Buyout, PUT, or 10% purchase option. The equipment is treated as an asset and liability on the balance sheet but may qualify for IRS Section 179 tax benefits up to $500,000.
• TRAC Lease Open-end commercial lease with a terminal rental adjustment clause for motor vehicles and trailers used at least 50% for business. Provides tax deductibility and flexible end-of-lease options tied to the residual value.
• Master Lease Financing structure for purchasing multiple pieces of equipment from different vendors with varying delivery dates under a single credit approval and master lease agreement, with separate schedules for each equipment take-down.
• Section 179 Tax Calculator Interactive online calculator that helps businesses estimate their Section 179 tax deductions for equipment purchases, including the 50% bonus depreciation allowance and cash savings calculations based on an assumed 35% tax bracket, for 2023 deduction limits up to $500,000.

Quantifiable outcome

• Over 98% repeat customer ratio
• +7 more outcomes

Named customers2 records

Segments9 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Hitched, Inc.coreGTM or Marketing Partner · 3 March 2020Partnership announced March 3, 2020 with Hitched, Inc., the leading job site management, logistics, rental, and e-commerce platform for oil & gas, construction, and industrial industries. The partnership enables online and streamlined equipment financing for Hitched's platform users, combining MAC Financial Services' equipment financing expertise with Hitched's digital platform capabilities.

Scale indicators8 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Balboa Capital: Balboa Capital is a direct equipment financing and small-business working capital lender serving similar SMB and middle-market customers with similar application-only, fast-turn underwriting. It is one of the closest direct competitors to MAC in terms of product breadth, customer segment, and relationship-led distribution.
• Direct Capital Corporation: Direct Capital specializes in equipment financing and leasing for SMBs across construction, transportation, and manufacturing verticals — a near-identical customer and product overlap with MAC, including lease structures, vendor programs, and application-only approvals up to similar ticket sizes.
• Crest Capital: Crest Capital provides equipment leasing and financing to small and mid-sized businesses nationwide with a sales-led model and vendor/dealer channel programs. It competes head-to-head with MAC for the same SMB equipment finance customers and offers comparable lease structures and rapid approval processes.
• Verdant Commercial Capital: Verdant Commercial Capital is an independent equipment finance company serving SMB and middle-market borrowers with leases and loans across construction, transportation, and industrial verticals. It is comparable to MAC in product mix, customer size, and reliance on vendor/broker channels.
• Marlin Business Services: Marlin Business Services (now part of HPS Investment Partners) provides equipment financing, working capital, and small-ticket leasing to SMBs across diverse verticals. Its focus on speed, application-only approvals, and broker/vendor channels directly parallels MAC's go-to-market approach.
• Currency: Currency (formerly Currency Capital) is an equipment finance marketplace and direct lender focused on SMB equipment financing across trucking, construction, and agricultural verticals. Its hybrid broker/lender model and focus on speed and vertical specialization directly mirrors MAC's positioning and customer profile.
• Trust Capital: Trust Capital provides equipment financing and leasing to small businesses across construction, medical, and industrial sectors, with a sales-led motion and broker channel similar to MAC's. It targets the same under-served SMB borrower that cannot access traditional bank credit.

Broad incumbents

• CIT Group: CIT (now part of First Citizens Bank) operates a large commercial finance business including equipment financing, lending, and leasing across multiple asset classes and customer sizes. It competes with MAC on larger equipment finance transactions and represents the bank-affiliated incumbent against which MAC's speed and flexibility are differentiated.
• Wells Fargo Equipment Finance: Wells Fargo Equipment Finance is a large bank-affiliated equipment finance provider offering a full spectrum of leases, loans, and vendor financing across virtually every equipment vertical. It is a broad incumbent competitor to MAC, especially on Fortune 500 deals, but typically cannot match MAC's application-only speed on smaller tickets.

Emerging players

• Stearns Bank: Stearns Bank operates a growing equipment finance division with strong SMB and broker-channel focus, including specialized programs for construction, transportation, and agricultural equipment. It is comparable to MAC as a non-bank lender competing on speed and flexibility, though typically with deeper funding capacity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mac-financial-services-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Mac Financial Service