Does applying for financing affect a credit score?

No. Taycor uses a soft credit pull for applications, so applying for financing does not negatively affect the applicant's credit score.

Can used equipment and vehicles be financed?

Yes. Taycor finances all types of new and used equipment and vehicles, including trucks and trailers.

How long does the equipment financing process take?

Requests up to $150,000 are approved within two hours of receiving a one-page credit application. Documents are then sent overnight, hand-delivered or emailed, and a purchase order goes to the vendor as soon as signed documents come back.

What happens at the end of a lease term?

Options include fair market value, a $1.00 buyout and other fixed purchase options. Under a fair market value lease the lessee can extend the term, return the equipment or buy it at its fair market value, which generally means lower monthly payments.

Equipment financing

Taycor Financial

Taycor Financial, which trades as TF Group, Inc., is a nationwide equipment lender for small and mid-size businesses. It writes leases and loans on new and used equipment, vehicles, trucks, trailers and software, and also places lines of credit, working capital, term loans and bridge loans.

Applications use a soft credit pull, so applying does not affect the applicant's credit score. Requests up to $150,000 are approved within two hours of a one-page credit application; documents then go out overnight, by hand or by email, and a purchase order is sent to the vendor once signed documents are returned. Larger or more complex projects require tax returns, financials and bank statements. End-of-term options include fair market value, a $1.00 buyout and other fixed purchase options. Equipment vendors and dealers can use white-label financing, hosted finance tools and calculators, and a dealer management portal that shows application status in real time.

The firm has offices in Los Angeles and Irvine, California and in Salt Lake City, Utah, its corporate mailing address is 30 Executive Park in Irvine, and it says it has been lending for nearly 30 years and has helped 250,000 companies. It has been licensed under the California Finance Lenders Law since 2004, holding licence numbers 60DBO-64573 and 60DBO-96329, reports an A+ rating with the Better Business Bureau and a five-star Google rating, and has appeared on the Inc. 500 list of fastest growing companies.

Lease and loan rates depend on credit history, time in business, equipment cost, term and structure and are not published, and application-only programs are reserved for well-qualified customers with established borrowing history.

Best for

Small and mid-size businesses financing new or used equipment and vehicles, and equipment vendors who want financing built into their own sales process.

What they do

Equipment leases and loans
Commercial vehicle and trailer financing
Used equipment financing
Working capital and lines of credit
Term loans and bridge loans
White-label vendor financing
Dealer management portal
Hosted finance calculators and quote tools

Details

Attribute	Value
Other offices	Los Angeles, CA, Irvine, CA, Salt Lake City, UT
Licenses	CA Licensed Finance Lender #60DBO-64573, CA Licensed Finance Lender #60DBO-96329
Memberships	BBB A+ rating

What stands out

Requests up to $150,000 are approved within two hours of a one-page credit application.
Licensed under the California Finance Lenders Law since 2004, as #60DBO-64573 and #60DBO-96329.
Offices in Los Angeles and Irvine, California and in Salt Lake City, Utah.
Says it has helped 250,000 companies over nearly 30 years of lending.
Reports an A+ rating with the Better Business Bureau and an Inc. 500 listing.

Common questions

Does applying for financing affect a credit score?: No. Taycor uses a soft credit pull for applications, so applying for financing does not negatively affect the applicant's credit score.
Can used equipment and vehicles be financed?: Yes. Taycor finances all types of new and used equipment and vehicles, including trucks and trailers.
How long does the equipment financing process take?: Requests up to $150,000 are approved within two hours of receiving a one-page credit application. Documents are then sent overnight, hand-delivered or emailed, and a purchase order goes to the vendor as soon as signed documents come back.
What happens at the end of a lease term?: Options include fair market value, a $1.00 buyout and other fixed purchase options. Under a fair market value lease the lessee can extend the term, return the equipment or buy it at its fair market value, which generally means lower monthly payments.