NEC Financial Services, LLC

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Company Info

250 Pehle Ave, Suite 203
Saddle Brook, NJ 07663

Herschel Salan

Primary Contact
(201) 845-5800
[email protected]

Colin Rosenmeyer

Alternate Contact
(201) 845-5800
[email protected]
NEC Financial Services, LLC is a:
Last Update: 02/24/2025

Core Business Focus

NEC Financial Services has provided exceptional service to vendors and end-user customers since 1986. Initially focused on technology, we have expanded into numerous industries, including industrial equipment, material handling, trucking, security access systems, packaging automation, cannabis retail and industrial equipment, and energy-related projects. Our Capital Markets division works with qualified Lessors and Syndication partners to find financing solutions for your customers. We look forward to working with you.

Company Type

Independent

Type of Funding Source/Buyer

Investor, Lender

Annual Volume Funded

50-100 Million

Credit Criteria

  • HLT
  • Lower Middle Market
  • Middle Market
  • Municipal / Government
  • Start-ups / Venture

Transaction Size

Highest

Average

Lowest

$5,000,000.00

$150,000.00

$75,000.00

Lease Terms

Longest

Average

Shortest

84

48

12

Lease Structures

  • Conditional Sale / Money-Over-Money
  • Debt
  • Equity
  • Tax-Exempt Municipal Lease
  • Operating Lease
  • Sale / Leaseback
  • Startups
  • Vendor Finance

Originates Paper?

Yes

Syndicates/Sells Paper?

No

Equipment Types We WILL Finance

  • Agricultural
  • Broadcast / Video
  • Buses
  • Cable / Communications
  • Construction
  • Emergency Vehicles
  • Furniture / Fixtures
  • Gaming
  • Graphic Arts
  • Intermodal
  • Laundry / Drycleaning
  • Machine Tool
  • Material Handling
  • Medical
  • Mining
  • Modular Buildings
  • Packaging / Plastics
  • Project Finance
  • Recreation / Fitness
  • Recycling
  • Renewable Energy
  • Restaurant
  • Retail
  • Software
  • Technology
  • Trucks and Trailers
  • Utility
  • Waste Removal

Equipment Types We WILL NOT Finance

  • Aircraft
  • Automobile
  • Marine
  • Oil and Gas
  • Rail

Industry Financing Preferences

Logistics, Manufacturing, Medical, Cannabis - Looking for niche and emerging markets

Our Company is a(n):

Asset-Based and Credit Lender

Accepts Soft Assets?

Yes

Lessor/ Broker Requirements

Flexibility

ELFA Business Councils

Independent, Small Ticket, Captive and Vendor Finance

Start of the Fiscal Year

August