Technology Finance
A team of industry-focused bankers delivering a comprehensive
range of financing, risk and treasury management solutions for
Power, Utilities & Renewable Energy clients nationwide
High Touch, High Tech Experience
We are a financing leader specializing in technology equipment for every industry, crafting equipment financing solutions that allow rapid response to changing conditions in the dynamic IT marketplace. We work with our technology vendor and direct customers to reduce the cost of technology-based equipment and provide customized life-cycle management solutions to diminish obsolescence risks.
PNC Equipment Finance has the dedicated information systems knowledge, funding resources and lease financing expertise to deliver the equipment financing options that technology professionals need. We have built our reputation by providing reliable, outstanding customer service that goes far beyond one-time transactions.
Our Financing Solutions
- What We Do
- Products and Programs
- Solutions for Equipment Vendors
- Equipment Covered
PNC Equipment Finance's technology team has become a powerhouse in the information technology equipment leasing and financing industry through helping thousands of customers purchase state of the art technology.
We pride ourselves on our ability to focus on the details and provide a long-term whole service experience for our customers. From inception to final invoice, our team manages the process to ensure that everything meets the highest standards of customer satisfaction. By working with PNC Equipment Finance, you have access to our high-tech technology team and financial resources, so you can focus on your core business and put your time and talent where they yield the greatest results.
One of the most common reasons for leasing large ticket technology purchases is to eliminate obsolescence — leasing permits regular upgrades reducing obsolescence risk with equipment life cycle management.
At PNC Equipment Finance, we want to help our vendors and direct clients acquire the equipment and technology you need as effortlessly as possible.
Our most popular technology solutions include:
Integrated Service Agreement (ISA)
The ISA is an all-encompassing financial solution which bundles a variety of products and services into one monthly payment. The ISA provides 100% financing and can include soft costs such as services, maintenance and training. This format is ideal for systems integrators, software suppliers and distributors. The ISA is specially designed to support users of high-tech equipment with its high obsolescence risk. It easily accommodates upgrades and add-on equipment without the hassle of renegotiation and additional paperwork.
- Simplifies paperwork
- Allows for single or multiple year renewal
- Offers several end-of-term options
- Enables you to offer complete turnkey packages rather than a confusing array of services and products to your customers
The Quarterly Lease Program
The quarterly lease program allows you to add equipment as needed without the aggravation of another approval form each time. By executing four schedules per year, you eliminate the hassles of multiple applications, documents, lease start and end dates, etc. This plan is ideal for companies with large communications or high-tech equipment needs.
- Simplifies paperwork
- Reduces your administration costs and time
- Eliminates multiple purchase orders, as only one purchase order per quarter is required
- Gives you the convenience of adding equipment as needed
The Technology Refresh Program
Our technology refresh option gives you the flexibility you need to stay ahead of the technology curve. Programs are designed to match the expected life of the assets with the lease. Upgrading and modifying of assets can be structured into the initial term.
- Simplifies paperwork
- Predictable technology budget
- Planned equipment updates
- All encompassing disposal strategies available
PNC Equipment Finance is dedicated to serving equipment vendors in the technology industry. We provide our lease financing expertise to customers nationally for a wide variety of equipment and financing solutions.
With PNC Equipment Finance as your financing partner, you can take advantage of our ongoing transaction support, state-of-the-art web-based technologies and personnel infrastructure provided by our sales, credit, accounting and customer service specialists. We partner with vendors, manufacturers and distributors of technology equipment to provide the financing your customers want, and the ongoing transaction support that your company needs.
We provide unparalleled support for vendors:
- Simplified paperwork saves your sales representative time — application only credit approvals on leases up to $200,000
- Competitive rates help you with competitive pricing
- Regionally based sales offices provide a national presence
- Dedicated headquarters staff including sales, credit and documentation personnel
For equipment vendors, leasing gives customers the convenience of one-stop shopping for equipment and financing, a competitive advantage that translates straight to your company's bottom line. PNC Equipment Finance can tailor a program that promote your sales and repeat business
We Offer:
Private label and co-branded programs that allow you to co-market your products with ours and creative products to meet your sales needs such as:
- Non-standard terms
- Per procedure leases
- Supply leases
- Per use lease
- Reagent leases
- Rental programs
An equipment financing program provides priceless opportunities to build lasting customer relationships. It also allows your reps to close deals faster — increasing revenue volume and cash flow. PNC Equipment Finance manages the credit risks and simplifies receivables, making leasing the top choice of savvy technology professionals. Our services include private label collections and web-based customer service, as well as co-branded leases to co-market your products with ours.