Key takeaway: A wholesale electronics equipment distributor secured equipment financing to replace an aging forklift in 48 hours without personal guarantees, avoiding operational downtime, lost customers, and costly delays. 

Equipment Finance Testimonial At A Glance 
Business: Wholesale electronics equipment distributor
Challenge: Replacing aging forklift without personal guarantee requirements 
Solution: Corporate-only equipment financing 
Results: 48-hour approval to funding and new vendor partnership 

The Challenge: Financing A Forklift Quickly Without Personal Guarantees 

A wholesale electronics equipment distributor in New York moves massive amounts of warehouse inventory through their distribution center every day. When an aging forklift began causing problems and threatening their efficiency, the CFO looked for quick equipment financing that recognized the company's track record without requiring personal guarantees. 

What the business needed: 

  • Quick replacement of critical warehouse equipment 
  • Corporate-only financing without personal guarantees 
  • A streamlined process that wouldn't disrupt operations 

The search for better options led the CFO to search online and find First Business Bank’s equipment finance solutions.  

The Solution: How First Business Bank’s Equipment Finance Team Delivered Speed and Flexibility 

The distributor had built a strong reputation through consistent performance and solid borrowing history. In under 48 hours from application, First Business Bank's Equipment Finance team worked to approve the transaction as corporate-only to accommodate the company's preference for no personal guarantees.  

Key advantages of our approach: 

  • Corporate-only approval without personal guarantees 
  • One-hour credit approval process 
  • Same-day document preparation and delivery 
  • 48-hour completion from inquiry to vendor funding 

For electronics distributors managing time-sensitive inventory, equipment downtime can cost thousands in delayed shipments and customer satisfaction. 

The Results: Equipment Finance Creates Ongoing Partnership Opportunities 

The electronics distributor got its critical warehouse equipment without downtime. The 48-hour turnaround meant they could replace their failing forklift and maintain normal distribution operations without missing shipments, losing customers, or facing costly operational delays. 

"This client's story shows why we focus on speed and flexibility in our equipment finance solutions," said Dusan Knezevic, Assistant Vice President - Equipment Finance, First Business Specialty Finance, LLC. "When an established business with a solid credit history needs critical equipment, we can structure corporate-only financing that gets them back to business quickly." 

The smooth transaction also impressed their equipment vendor, who reached out to First Business Bank about offering our vendor financing programs to its equipment customers. 

What Should Business Owners Know About Equipment Financing? 

Equipment financing can provide the capital businesses need while preserving cash flow and avoiding unnecessary personal risk. This client's experience demonstrates how the right financing partner makes the difference between a complicated process and a seamless transaction. 

Along with other benefits of equipment financing, speed really matters when equipment fails or becomes unreliable. This client's story shows how the right financing partner can approve, document, and fund equipment purchases within days rather than weeks, minimizing operational disruption and keeping businesses moving forward.