Bidadoo, Clicklease partner to expand small-ticket equipment financing

Bidadoo, an online auction company for used equipment and trucks, has partnered with fintech company Clicklease to expand small-ticket financing options.

The partnership integrates Clicklease’s technology into bidadoo’s weekly no-reserve online auctions, enabling bidders to receive near-instant pre-qualifications without a hard credit pull, according to an Oct. 8 bidadoo release. Buyers can also include freight and handling costs into their leases, giving them more flexibility when bidding. The solution supports a wide range of credit profiles, including startups.

“By partnering with Clicklease, we’re giving our small-business customers the ability to get pre-approved instantly and bid with confidence in our weekly online auctions,” Howard Hawk, president of Kent, Wash.-based bidadoo, stated in the release.

Early results from a pilot program show the partnership has already helped many customers secure financing quickly, improving access to equipment for startups and small to mid-sized businesses.

Register here for the free Equipment Finance News webinar “High-priced used equipment inventory: The no-man’s land of equipment finance” set for Tuesday, Oct. 21, at 11 a.m. ET.