FleetNow, Approve partner for used equipment financing

FleetNow, an online marketplace for construction equipment, has partnered with financing platform Approve to give customers faster access to loans for equipment purchases.

The collaboration enables buyers to complete a single digital application and receive financing offers from a wide network of lenders, with the process managed by a dedicated finance coordinator, according to a Sept. 8 FleetNow release. The system reduces approval times from weeks to just days, easing a major barrier to equipment investment.

Through Approve, customers can finance up to 100% of costs for construction equipment such as boom lifts, scissor lifts, telehandlers, excavators and other machines, with flexible terms tailored to small and mid-sized businesses, according to the release. Approve offers a fully digital financing process with a 60-second application and a dedicated coordinator who manages every step through funding.

FleetNow said the partnership supports contractors, rental companies and other industry players by making the financing process more efficient, according to the release. Meanwhile, Approve noted it simplifies lending and builds confidence for buyers investing in essential equipment.

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