Financing Beyond The Ordinary

From simple loans to revolving lines of credit, you’ll find the right financing at Equify.

You can turn to Equify not only for equipment purchases, but for a whole array of attractive and useful lending products:


Revolving Loans

Efficiently manage cash flow with flexible financing options.

Debt Restructure

Use your credit more effectively by structuring debt to match your business’ fluctuations.

Equipment Loans and Leases

Find the products that are right for your operation, including loans and TRAC and FMV leases.


Working Capital

Money when you need it, whether it’s to fund growth, level out seasonality or just manage the economic cycles of your business.

Fleet Rental

Give your rental fleet the edge with fleet rental loans and leases from the industry experts.

Real Estate Loans

Finance a site for your office and shop property, or invest in your business’ future.

We Believe

Personal service and experience are the answers you need

Automated phone systems and bank clerks without a single business cycle of experience aren’t even coming close to you with what you need. You want personal service and the experience that allows us to understand your business and its financial impulses. You’ll find that Equify’s business model puts an experienced lending professional at your disposal. You tell us what you need, and we’ll offer you solutions that an automated system based on credit score won’t come up with—while still maintaining sound lending practices.

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With Equify Financial

"With Equify, we were able to accomplish more than we ever imagined."

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About Equify Financial

Learn a little more About Us

Your alternative to traditional banking relationships

Based in Fort Worth, Texas, Equify Financial has a seasoned, professional team covering most of the United States. We’ve assembled a knowledgeable and talented staff with more than 350 years of combined experience in equipment finance lending.

We remain committed to sound fiscal and lending practices, but base our service to our customers on innovative solutions. That allows us the flexibility to operate beyond the restrictive limitations that bank-affiliated lenders face.

Our specialty is offering solutions to customers looking for an alternative to a traditional banking relationship.

As noted by Patrick Hoiby, Equify’s President, “We have put together a strong team of people to create this incredible company. We are looking forward to building many great customer partnerships and growing our dynamic organization.”

 

The Equify Family of Companies

The Equify brand is much more than simply a logo, an image, or a tagline. It’s the embodiment of our commitment to the lasting success of our customers and partners, and of our promise to deliver forward-looking solutions with proven effectiveness, responsiveness, and reliability.

The Equify family of companies include Equify Financial, Equify Auctions, Equify Real Estate Finance, and Equify Asset Services.

Equify Financial

Equify Financial

From simple loans to revolving lines of credit, debt restructure, equipment loans & leases to working capital and fleet rental, Equify Financial has solutions that work for the middle market equipment end user.

Equify Auctions

Equify Auctions

Equify Auctions is a licensed auction firm, specializing in construction equipment and commercial trucks. The auctioneer's, Jodi Seaver, license number is TX #16537. We operate from our permanent facility on I-20 in Wills Point, Texas, and extend our reach worldwide with online bidding.

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Equify Real Estate Finance

Equify Real Estate Finance

Innovative originators of first lien debt financing and/or capital for joint venture equity. We’ll find the right fit for your real estate project, both for acquisition and development.

Equify Auctions

Equify Asset Services

Equify Asset Services is designed to assist clients in valuing their asset by a certified machinery and equipment appraiser. We can also assist in remarketing of assets for clients while giving you the opportunity to be the final answer on the deal.

Making Our Mark

Below is an up-to-date chronological listing of our most recent news articles and press releases. Select a release to view by clicking on its title. Continue to check back, as we share our success stories and developments with you.

FOR IMMEDIATE RELEASE:

Fort Worth, TX, May 13, 2014 - Equify Auctions, LLC, a member of the Equify, LLC family of companies, completed a second successful sale at their facility in Wills Point, TX. The sale exceeded twenty million dollars ($20,000,000.00) of mostly construction equipment. Equify Auctions plans to add five additional locations over the next 12 months.

The next auction is scheduled for August 21, 2014 (subject to change). For more information or to join our mailing list, visit www.equifyauctions.com.

ABOUT EQUIFY AUCTIONS, LLC

Equify Auctions is a licensed auction firm, specializing in construction equipment and commercial trucks. The auctioneer's, Jodi Amaya, license number is TX #16537. We operate from our permanent facility on I-20 in Wills Point, Texas.

The Equify family of companies includes Equify Financial, Equify Real Estate and Equify Auctions.

FOR IMMEDIATE RELEASE:

Fort Worth, TX, May 2, 2014 - Equify Financial, LLC, a member of the Equify, LLC family of companies and provider of asset based lending, and equipment finance services to construction, transportation and energy businesses nationwide, today announced the addition of Kirk Mann and Randy Talley to the Equify team.

As the U.S. Western Region Sales Leader, Mann will be responsible for a team of District Managers across the western half of the country focused on equipment finance originations. Prior to joining Equify, he served as Regional Vice President at Triumph Commercial Finance where he was responsible for new business development in the construction, energy and transportation segment covering West Texas. Previously, he served as Chief Marketing Officer / Strategic Initiatives Leader at GE Capital, Transportation Finance where he earned GE’s Top 10% Worldwide Gold Standard Marketer award and the Commercial Leadership award. Mann also spent 14 years at CitiCapital Commercial Corporation where he managed the North and South Carolina Transportation Finance Region. He received a Bachelor of Business Administration in Finance from Texas Tech University.

Talley will serve as Senior Risk Officer over its transportation, capital markets, asset based lending, and real estate business. Talley is a 20-year commercial lending veteran with tenure in senior risk, production, and operations roles. Prior to joining Equify, Talley served as Senior Credit/Risk Officer for F&M Bankcorp. Before F&M Bank, he served as Senior Risk Officer in a variety divisions at GE Capital Corporation from 2000-2013. Hoiby expects Randy to develop and expand the product suite into complex transactions and capital structures.

“Equify Financial was looking to expand our reach and depth of experience. We like top notch, experienced players. Kirk and Randy bring 20+ years of experience in the Commercial Finance space,” said Pat Hoiby, President, Equify Financial, LLC.

ABOUT EQUIFY FINANCIAL, LLC

Equify Financial, LLC is an independent, middle market, self-funded equipment finance company with a unique perspective on the business needs of customers. Equify provides financing for heavy equipment and transportation end users in the construction and oil and gas industries that are looking for an alternative to their traditional banking relationships.

The Equify family of companies includes Equify Financial, Equify Real Estate and Equify Auctions.

ANNOUNCEMENT:

We would like to inform you about an exciting change to our company that will further enhance our capabilities and strengthen our position as a leader in the heavy equipment auction industry.

As you may already be aware, earlier this year Equify Auctions, LLC acquired substantially all of the assets of Vaughan Auction Group, LLC, a/k/a Vaughan Auction Group. This acquisition by Equify Auctions, LLC, an affiliated entity of the “Equify” family of companies, is to be considered as the perfect marriage between two successful organizations that share the same culture, vision, mission and strategy. The products and services available through Equify Auctions, LLC and other affiliated Equify companies are complimentary and have opened the door to synergistic opportunities for our customers.

As a result of the above-described acquisition, you will notice and experience some changes and improvements however, Equify Auctions, LLC will be located at the same address as that of Vaughan Auction Group, LLC. All terms and conditions of any contracts acquired by Equify Auctions, LLC will be honored and enforced. During a short transition period, Equify Auctions, LLC will be changing the respective email addresses of its employees to (first initial)(last name)@equifyauctions.com to reflect and strengthen the Equify brand. The old email addresses will continue to be operational for the foreseeable future, but you will be asked to the make the change in an automatic email reply.

This new Equify path demonstrates how we will continue to contribute to the heavy machinery and equipment industry, offering both buyers and sellers optimal solutions for business productivity and financial effectiveness.

*Equify Auctions, LLC acquired substantially all of the assets of the Vaughan Auction Group through a negotiated sales contract. Any reference to the transition/change of the name of the business from Vaughan Auctions or Vaughan Auction Group is specifically referencing this transaction and are not to be construed as representing that the entities or their owners/members are the same.

FOR IMMEDIATE RELEASE:

Fort Worth, TX, January 2, 2014 – Equify Financial, LLC has announced that Christopher Szopa joined the company as Director, Capital Markets. Based in Houston, Szopa will manage Equify’s transaction syndication efforts, for both buying and selling of individual transactions, as well as portfolios.

Szopa brings nearly 20 years of equipment financing experience in a wide variety of areas that have included capital markets, legal, sales management and operations. During that time he has worked with a number of independent originators including First National Capital, First American Equipment Finance, WiredCapital and CalFirst Bank.

As noted by Patrick Hoiby, Equify’s President, “We are very pleased to add Chris to our exceptional team at Equify Financial. His background and expertise provides Equify the opportunity to broaden our product offerings to our current customers as well as expands the scope of potential new customers.”

ABOUT EQUIFY FINANCIAL, LLC: Equify Financial, LLC is an independent, middle market, self-funded equipment finance company with a unique perspective and culture. It is our purpose to provide financing for heavy equipment and truck end users in the construction and oil and gas industries that are looking for an alternative to their traditional banking relationships.


A New Player With Powerhouse Potential | 2013 Monitor 100

Pat Hoiby, PresidentApproximately a year and a half ago, Equify Financial started with only two people and no office space. Despite its humble beginnings, this new Monitor 100 entrant now posts more than $200 million in annual volume and, at year end, employed more than 20 people. President Pat Hoiby credits the company's achievements to its employees and their dedication to Equify's customers.

The road to success in any startup company can be filled with a few bumps along the way. When you launch a new business in an ultra-competitive environment such as equipment leasing and financing, those bumps can seem more like mountains at times.

Fewer than 18 months ago, Equify Financial employed just two people, lacked a physical office space and had no real financing system in place yet. Although this startup was filled with great aspirations and possessed an optimistic view of its future, the middle-market equipment lender was also facing three seemingly insurmountable hurdles.

First, it was in the extremely competitive equipment finance sector. Second, middle-market loans can sometimes be perceived as not performing as well as traditional banking loans. Finally, the economy was still a bit rocky.

Yet, the company persevered and president Pat Hoiby remained confident despite these challenges. Considering Equify Financial’s modest beginnings, Hoiby marvels at how much — and how quickly — his small, independent equipment financing company has grown to date. Today, its annual volume is now more than $200 million, and the company employed a staff of more than 20 at year end. Equally as important for Hoiby, his Fort Worth, TX-based company has nearly no delinquent accounts.

“I owe all of this success to the employees — all of whom have worked so hard to make this happen — and our great customers,” says Hoiby. “Equipment finance is a tough industry, but Equify Financial has the right people at the right time to become a real powerhouse in this business. I think we have only scratched the surface of what is possible here.”


Knowing and Understanding Customers

Equify Financial provides financing for heavy equipment and transportation end-users at all levels in the construction, transportation, gas and oilfield industries. It has a primary target of construction contractors, construction companies, energy companies and larger transportation companies in the United States and Canada.

In addition to providing funding to companies to purchase and lease equipment, Equify Financial also offers products such as fleet rental, capital loans, revolving loans, debt restructure and real estate loans.

The company has also started an interim construction financing company that Hoiby expects to become lucrative. It plans to finance developers that are looking for acquisition, development, construction and mini-perm financing to carry a project from ground breaking through to stabilized occupancy.

Achieving success in business can be difficult to obtain without building and nurturing strong relationships with clients. That’s why Equify Financial lives by its core value of “know your customer.” Hoiby explains that Equify Financial wants its customers to see the company as a business partner and not as a transactional lender.

“Any time someone calls us, they get to talk to a live person,” he says. “All of our sales reps excel at building relationships — not just getting business. We listen to our customers’ needs so we can offer creative solutions while maintaining sound lending practices.”

Many of the customers that Equify Financial works with have eschewed traditional banking for middle-market loans. Since his company is not a traditional bank, Hoiby says that this allows them to be nimble and apply common sense in all situations. He adds that the company does not credit score, which gives them another competitive edge over traditional banks and other lenders.

“No two deals of ours are exactly the same, and we work hard to tailor to our customer as well as ourselves to the benefit of Equify Financial,” he says. “If the deal is a win for both sides, we have done our job correctly.”


Assembling an Experienced and Passionate Team

ImageHoiby grew up around the finance business. His father was with The Associates (a consumer finance company acquired by Citigroup in 2000) for more than 40 years and retired as the company’s president in 1987. So for Hoiby, it seemed natural to go into this business and to follow in his father’s footsteps.

Hoiby started out on the consumer side with Chrysler Credit in collections. He then worked for a leasing company for a while which ultimately led him into the construction equipment industry. Most of his training came during a 12-year stint working at The Associates and an additional nine years of experience working with Financial Federal — both of which provided a stellar training platform at a national presence. “Financing this equipment was the best of both worlds,” he says. “I could lend money and still play in the dirt with big machinery.”

With his wealth of experience in the financing and construction equipment industries, Hoiby developed an incredible network of contacts. This enabled him to put the right team together for Equify Financial. “I have always said that I don’t have to be the smartest guy in the room,” Hoiby says. “I just have to have the smartest people around me.”

The company’s top three asset classes by volume in 2012 included construction; truck/trailer and energy-related. The bulk of its employees have previous experience in financing and valuing this type of equipment, notes Hoiby.

“All of our new employees will go through an extensive training period to gain the knowledge needed before we actually put them on the front line,” explains Hoiby. “Our challenges of financing these types of asset classes come from making sure your first line of defense is the collateral you financed. If we have to liquidate equipment, we have the people and the resources to do it ourselves and not lose money. That one thing is the most important to our success.”

Collectively, his staff has more than 350 years of combined lending experience in the equipment finance area. According to Hoiby, Equify Financial’s managers come from bigger and sterile environments. As a result, they are used to having a great deal of responsibility, and they have insight into problem areas within Equify Financial’s bigger competitors. He also built his team around people who shared his enthusiasm for the industry as well as the company’s goals and visions.

Knowing full well that regular and consistent communication with employees about business goals and strategies is beneficial to both professional and monetary growth, Hoiby says that they meet every week to talk about what is working, employee morale and what they need to do to keep a dynamic environment going.


Increasing its Footprint Across the Industry

In its Monitor 100 survey response, Equify Financial has forecasted an increase in year-over-year new business volume of 30% and a 30% increase in portfolio size. Hoiby anticipates that its primary generation of new business will come from new sales representatives in key markets as it continues to increase its footprint in the marketplace.

“From the beginning, we have let the business grow organically,” he says. “Our first quarter was a little slow this year. However, after April, we have started to get back on track and may even exceed our initial 30% forecast. I also hope to have a total of 20 reps in the field by the end of 2013.”

As a whole, Hoiby sees a slow and steady growth in the equipment finance industry across the United States. “Some places will do much better than others,” he points out. “Our significant opportunities will come as we slowly begin to expand our footprint. We have done several very large transactions, and there are more of those out there.”

Hoiby admits that the company’s greatest challenge will come if interest rates start to rise. “Managing cost of money is easy when the rates are flat and steady,” he says, “but the companies that will be most successful will be those that can manage capital well when the rates start moving.”

Looking ahead, Hoiby says that in the short term, the company is mainly concerned with growth and the quality of its portfolio. His goal over the next year is to continue to grow the business and to keep its portfolio healthy. Over the long haul, Hoiby expects Equify Financial to continue to expand its existing operations and to begin looking into how it can expand into other non-finance areas.

“The key is finding the right people to make these expansions work,” he says. “By 2017, my goal is to have about five subsidiaries of Equify Financial that can provide multiple cash-flow streams into the company.”

Hoiby is confident that can happen because of his company’s unique culture. “I have worked for companies in the past that are very sterile,” he says. “I believe that management is a service to employees, so we operate Equify Financial like a big family. All of our employees get to voice opinions and provide input into how to make us a better company.”

Daniel Casciato is a professional business writer and Monitor contributor.

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