About NewLane Finance
"Businesses deserve a lending partner who works as hard as they do. From sales to customer support to the back office, that's the NewLane way."—
Dan Dyer|CEO & Co-Founder
Our Story and Approach to Flexible Financing
Founded in 2018 by two seasoned industry experts with over sixty years of collective experience, NewLane Finance has swiftly advanced to the forefront of the equipment financing industry. As a subsidiary of WSFS Bank, the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region, we are committed to service. We simplify and expedite the equipment financing process for small to mid-sized businesses, supporting a diverse range of industries with solutions that are as transparent as they are effective. At NewLane, we enable businesses to succeed, ensuring that equipment is readily accessible to those who need it most.
Recognition by Industry Leaders
The ELFA is the premier trade association representing companies involved in the $1 trillion U.S. equipment finance sector. Its members include independent, bank-affiliated, and captive financing organizations. ELFA provides advocacy, research, and education to promote industry growth and ensure that equipment finance remains a reliable driver of economic progress.
As active members of ELFA, we stay connected to the leading edge of the $1 trillion equipment finance sector—helping us uphold industry best practices and deliver cutting-edge solutions.
The MONITOR 100 is an annual ranking published by Monitor Daily, the leading news source for the equipment finance industry. It highlights the top 100 equipment finance and leasing companies in the United States, based on factors like portfolio size, new business volume, and industry impact—recognizing excellence and leadership in the field.
Our place among the MONITOR 100—an annual ranking of the top equipment finance companies in the U.S.—demonstrates the strength of our platform and the trust our partners and clients place in us.
The National Equipment Finance Association (NEFA) is a member-driven community of equipment finance professionals, including independent lessors, brokers, and service providers. NEFA offers education, networking, and advocacy to foster collaboration and innovation across the equipment finance ecosystem.
Through our NEFA membership, we engage with a nationwide network of independent equipment finance professionals—collaborating, innovating, and constantly improving the value we offer to our partners.
Frequently Asked Questions
What is equipment financing?
Equipment financing is typically a lease (or a loan from a bank) designed to help businesses acquire necessary equipment while preserving cash flow. The equipment itself serves as collateral.
What equipment can I finance?
Almost any business-related equipment can be financed, including machinery, vehicles, medical devices, construction tools, technology, and more.
What are the lease terms?
Lease terms typically range from 12 to 72 months, depending on the equipment's cost, type, and the lender's requirements. Some lenders offer flexible repayment plans to match business cash flow.
Do I need good credit?
While a strong credit score can help secure better terms, many lenders offer equipment financing options for businesses with varying credit profiles. Some may require a higher down payment or collateral for lower credit scores.
How fast are credit decisions made?
The credit decision process can be as fast as 24-48 hours for some lenders. However, complex applications or large financing amounts may take longer, especially if additional documentation is required.
Where can I find more information?
Checkout our FAQ page for immediate answers to common questions. If you have specific inquiries, please visit our Contact Us page!
Let's Get Your Business Moving Forward
Whether you're a vendor, broker, or business, NewLane offers fast, flexible equipment financing built around your goals. Start now to find the right path for you.
NewLane Finance
Based in Philadelphia, NewLane Finance provides vendors, brokers, businesses, and medical practices with tailored equipment financing solutions that make acquiring equipment easy.
NewLane Finance is a subsidiary of WSFS Bank, the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. With nearly 200 years of experience, WSFS provides us the strength and stability to support your financing needs nationwide.
Wilmington Savings Fund Society, FSB d/b/a WSFS Bank. Member FDIC. NewLane Finance Company is a partially owned subsidiary of WSFS Bank.