Equipment Loans & Leasing

People’s United Bank has two subsidiaries that handle much of our equipment financing.

Both are teams of experienced professionals committed to working directly with our customers to create individualized and flexible solutions that support your business goals. 

Since 1997, People’s Capital and Leasing Corporation (“PCLC”) has provided financing solutions for commercial and industrial clients nationwide. PCLC is a nationally ranked top 50 equipment finance company, headquartered in Bridgeport, Connecticut.  We lend in the forty-eight contiguous states and have regional offices in Alabama, California, Connecticut, Georgia, Kansas, Minnesota, Oregon, Pennsylvania, Rhode Island, Texas and Utah.

Learn more about PCLC

People's United Equipment Finance Corp. was founded in 1989 as Financial Federal Credit Inc,. Providing collateralized lending, financing and leasing services nationwide to small and medium-sized businesses, our experts are located in nine full-service operations centers - three in North Carolina, two (including headquarters) in Texas, and one each in New York, New Jersey, Illinois and California.

Learn more about PUEFC

We assist companies in acquiring new and used equipment, and in restructuring existing financing to minimize interest expense, conserve cash flow and properly reflect all tax considerations.  As an industry-focused company with a strong capital base, we can offer more favorable terms than other capital sources.  You’ll be supported by a team of sales and service representatives with extensive knowledge and experience in equipment finance.

Industry Expertise in:

  • Aviation
  • Graphic Arts
  • Machine Tools
  • Marine
  • Motor coach
  • Plastics
  • Waste


  • Construction
  • Healthcare
  • Manufacturing and Production
  • Equipment
  • Mining
  • Packaging
  • Transportation



Secured Loans and Finance Leases

We specialize in providing capital loans and finance leases on acquisitions of new and used equipment as well as creatively restructuring existing equipment financings.  These financings are done either in conjunction with a vendor program and/or with our customers directly.

Operating Leases

If equipment purchases are to be financed using off-balance sheet criteria, we can help you structure the transaction in order to conform with Financial Accounting Standards Board and Internal Revenue Services criteria.  Additionally, TRAC (Terminal Rental Adjustment Clause) Leases are also available to businesses for “over-the-road” vehicles such as trucks, tractors and trailers.

Synthetic Leases

Although the criteria for an operating lease are defined using quantitative methods (per the Financial Accounting Standards Board and for financial statement presentation), the IRS criteria rely on general economic risk and reward criteria.  We can work with our customers and their tax consultants to structure a synthetic lease so that the customer may enjoy operating leases for GAAP financial presentations and still claim accelerated depreciation for tax purposes.

SBA and IRB Financing

Our experts can help your business explore various Small Business Administration financing programs and Industrial and Revenue Bond structures to best suit your company’s capital requirements.  Use of these programs can result in enhanced full-term cash flow due to longer repayment terms and lower interest expense as compared to non-program financing.

Fixed and Floating Rates

Our financings can also be tailored on a variable or fixed interest rate basis.  Unlike many financing companies, we can lock in your fixed rate upon credit approval and hold that rate until the equipment is delivered. We can also index the rate using various economic indicators.

Vendor Program Financing

We offer fully customized vendor/manufacturer programs.  The benefits of specialty tailored financing programs are increased sales, the ability to facilitate customer upgrading of equipment and strengthened customer/vendor relationships.

Related Information


People's United Equipment Financing Corp. is a subsidiary of People's United Bank, N.A.


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