KAPITUS ACQUIRES TEN OAKS COMMERCIAL CAPITAL AND LAUNCHES EQUIPMENT FINANCING ARM
Small business financing leader expands access and flexibility to SMBs in critical industries driving the country forward.
New York, NY – October 25, 2024 – Kapitus, a leading provider of financing for small and medium sized businesses, today announced the acquisition of Ten Oaks Commercial Capital, a finance company specializing in equipment finance and working capital loans.
With this acquisition, Kapitus is launching its equipment finance arm, in addition to its small business loan and revenue-based financing products, to accelerate support for small and medium-sized businesses that drive the country forward in critical industries, like construction, manufacturing, hospitality, and healthcare.
“Securing equipment finance has become increasingly difficult as both traditional and online lenders have tightened requirements, and many independent equipment finance companies have been absorbed into the banking system,” said Ben Johnston, COO at Kapitus. “This has severely limited the options available to business owners and hampered their ability to stay competitive. Our new independent equipment finance arm will expand access to affordable and flexible financing for companies in need of acquiring critical equipment to operate.”
The ability to acquire new revenue-generating equipment has become more important than ever for small and medium-sized businesses to remain competitive in a shifting landscape. Increased regulation, automation, technological advancements, and ongoing inflation have created compounding obstacles for lenders, dealers and manufacturers to overcome. In an effort to help these groups collaborate more closely, Kapitus will expand on Ten Oaks’ efforts to connect dealers and manufacturers with financing options for their customers through its new Equipment Provider Partner Program.
“Combining Kapitus infrastructure and balance sheet along with the origination capabilities of Ten Oaks will result in a powerful resource for customers and vendors in need of equipment financing,” said Greg McIntosh, Founder and President of Ten Oaks. “We are excited to be part of Kapitus and to grow the business to meet the demands of our customer base.”
Jon Gerson of Executive Solutions for Leasing & Finance, LLC (ESLF), and Bob Rinaldi of Rinaldi Advisory Services advised Kapitus through the acquisition process.
Kapitus plans to expand upon the robust vendor and direct origination channels of Ten Oaks to grow its third-party funding capabilities and begin funding transactions on balance sheet in early 2025.
About Kapitus
Founded in 2006, Kapitus is one of the most experienced and trusted names in small business financing. As both a direct lender and a marketplace with an expansive network of financing partners offering a variety of products, Kapitus has provided over $6.5 billion in growth capital to nearly 55,000 small businesses. Kapitus offers products tailored to the individual needs of small businesses including term loans, sales-based financing, SBA loans, equipment leases, and revolving lines of credit, either direct or through its network of trusted partners. For additional information about the company, visit: https://kapitus.com/
Media Contacts:
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Jackie@PitchPublicRelations.com
Eva Bowen, Pitch PR
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