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 at NewLane Finance
Our Commitment
At NewLane Finance, we are dedicated to revolutionizing equipment financing for businesses of all sizes, providing fast, flexible solutions that enable growth. Our commitment to partnership ensures that vendors, brokers, and businesses receive more than just financial services — they gain a steadfast ally. By working with us, you'll benefit from straightforward, effective financing designed to help your business thrive, contributing to the prosperity of our communities and industries.
Company Background
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.
Recognized 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.
Testimonials
"NewLane made it possible for us to replace aging equipment with zero downtime. Their financing options gave us the flexibility we needed without straining our budget."
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"From the very first conversation, NewLane made us feel like a priority. They walked us through the financing process with patience and clarity. We couldn't be happier."
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"I've worked with a lot of financing companies, but NewLane truly stands out. Fast approvals, clear terms, and excellent communication throughout the process."
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"As a solo entrepreneur, finding the right financial partner was crucial. NewLane exceeded my expectations — I was approved in under 24 hours and felt supported the entire way."
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"Thanks to NewLane, we secured funding for new pressure washing equipment. Michelle was amazing to work with — prompt, professional, and genuinely kind."
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"NewLane helped me expand my mobile detailing business faster than I ever thought possible. Highly recommend for any growing business."
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Frequently Asked Questions
What is equipment financing?
Equipment financing is a loan or lease specifically designed to help businesses acquire necessary equipment while preserving cash flow. The equipment itself serves as collateral for the loan.
What equipment can I finance?
Almost any business-related equipment can be financed, including machinery, vehicles, medical devices, construction tools, technology, and more. The eligibility depends on the lender's criteria.
What are the loan terms?
Loan 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 is approval?
The approval 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 is the premier financing network trusted by brokers, vendors, businesses, and practices to deliver fast, tailored equipment financing solutions.
We're 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.