Kapitus Acquires Ten Oaks Commercial Capital, Launches Equipment Financing Arm

Kapitus, a provider of financing for small and medium-sized businesses, has announced its acquisition of Ten Oaks Commercial Capital, a company specializing in equipment finance and working capital loans.

With this move, Kapitus is launching an equipment financing division aimed at helping businesses in industries such as construction, manufacturing, hospitality and healthcare. 

“Securing equipment finance has become increasingly difficult as both traditional and online lenders have tightened requirements, and many independent equipment finance companies have been absorbed into the banking system,” Ben Johnston, COO at Kapitus said.

“This has severely limited the options available to business owners and hampered their ability to stay competitive. Our new independent equipment finance arm will expand access to affordable and flexible financing for companies in need of acquiring critical equipment to operate.”

The ability to acquire new revenue-generating equipment has become more important than ever for small and medium-sized businesses to remain competitive in a shifting landscape.

Increased regulation, automation, technological advancements and ongoing inflation have created compounding obstacles for lenders, dealers and manufacturers to overcome.

This acquisition will also bolster Kapitus' efforts to connect equipment dealers and manufacturers with financing solutions through the new Equipment Provider Partner Program

“Combining Kapitus infrastructure and balance sheet along with the origination capabilities of Ten Oaks will result in a powerful resource for customers and vendors in need of equipment financing,” Greg McIntosh, Founder and President of Ten Oaks said.

“We are excited to be part of Kapitus and to grow the business to meet the demands of our customer base.”

Kapitus plans to expand its vendor and direct origination channels, with on-balance-sheet funding transactions expected to begin in early 2025.