Elevex Capital Launches Multi-Vertical Floor Plan Finance Platform

Elevex Capital, a specialty commercial equipment finance company, has introduced its new floor plan finance platform. This business is designed to provide wholesale inventory finance to equipment dealers, distributors, and resellers across the United States.

In partnership with Vero Finance Technologies, Elevex offers a financing solution that allows dealers to fund their wholesale inventory under a single, committed relationship. The platform serves a wide range of sectors, including construction, agriculture, material handling, trucks, marine and powersports, as well as rental and fleet operations.

Elevex aims to address a market need where dealers are facing fewer providers, tighter terms, and less flexibility. The company specifically focuses on serving small to mid-sized equipment dealers for whom financing is crucial but often overlooked by larger entities.

The platform's technological backbone is provided by Vero's Lending-as-a-Service (LaaS) program and VeroOS platform, which offer operational support and servicing. This enables Elevex to deliver efficient service and scale its operations while maintaining a modern customer experience and managing risk through real-time monitoring and digital tools.