Heron, KLC Financial bring AI to equipment finance with partnership
KLC Financial represented the 95th-largest equipment financier in 2024
Heron Data has partnered with Minneapolis-based KLC Financial to bring artificial intelligence automation to equipment finance.
The collaboration marks Heron’s entry into commercial lending, with KLC using Heron’s AI to speed application processing, improve underwriting efficiency and expand deal volume without raising operating costs, according to an Aug. 18 Heron release. The partnership aims to enhance KLC’s operational efficiency and strengthen its ability to meet client needs.
Heron’s system integrates with Leasepath, a Solifi company that provides origination and servicing solutions for the industry. KLC Financial provides tailored equipment financing to businesses across industries, while Heron develops automation tools that convert unstructured documents into structured data to streamline workflows.
KLC Financial was the 95th-largest equipment finance company in 2024 with $365 million in total assets, according to the 2025 Monitor 100. The company also did $200 million in originations in 2024.
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