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NEL Financial

ListedDirect lender
Equipment financing lenderGrand Rapids, Michigan
BBLB 000437Listed Oct 2026From public recordsLast checked Oct 31, 2026
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37 yrsin business

About

NEL Financial provides self funded equipment financing and leasing, holding and servicing contracts in house for businesses purchasing new or used equipment across diverse commercial sectors.

Direct lender. Funds deals from its own balance sheet; brokers on the register place deals here.

Listed from public records. Details fill in when the firm claims the entry. Every field below is part of the entry; open ones fill in when the firm claims it, free.

What they fund

From the firm's own site and public records.

Deal profile

What a business owner asks first
Deal range
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Typical time to funding
Transactions can often close the same day or within 24 to 48 hours.
Minimum time in business
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Minimum monthly revenue
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Minimum credit score
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Funding programs
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Named lending partners
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Funded volume
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Fees, in writing

Fee details reported by the firm
Origination fee
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Who pays
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Written fee agreement
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Fee notes
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The firm

Type
Direct lender
Legal name
NEL Financial LLC
Founded
1989
Team size
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Headquarters
Grand Rapids, Michigan
Service area
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Meets in person
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Languages
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Trade memberships
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Also brokers mortgages
No, business financing only

Team

RL
Raymond LanningPresident
BB
Bob BrasserVice President

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