Popular Equipment Finance
Bank equipment finance group based in Edina, Minnesota.
Popular Equipment Finance is a wholly owned subsidiary of Popular Bank, the New York-chartered U.S. mainland bank of Popular, Inc. It writes operating leases, capital leases with $1 or nominal purchase options, and lease lines of credit, mainly for healthcare and commercial borrowers nationwide. Financed equipment includes medical, imaging, dental and veterinary equipment, manufacturing machinery, IT hardware and software, commercial vehicles and phone systems.
Profile
| Type | Bank |
| Headquarters | Edina, Minnesota |
| Website | www.popularbank.com/business/equipment-financing |
| Parent | Popular Bank |
| Coverage | National |
| Products | Fair market value leases, Finance ($1 buyout) leases, Lease lines |
| Sectors | Healthcare and medical, Manufacturing and industrial, Transportation and fleet |
| Bank lease book | $161M at Popular Bank, #64 of 667 U.S. banks (Q2 2026 Call Report) |
Sources: Popular Bank, Popular.
Similar lenders
| Firm | Headquarters | Type | Focus | Published deal size |
|---|---|---|---|---|
| U.S. Bank | Minneapolis, Minnesota | Bank | Healthcare and medical, Construction | - |
| Republic Bank Commercial Finance | Louisville, Kentucky | Bank | Transportation and fleet, Construction | - |
| Stearns Bank Equipment Finance | St. Cloud, Minnesota | Bank | Agriculture, Construction | - |
| Alerus Equipment Finance | Grand Forks, North Dakota | Bank | Transportation and fleet, Manufacturing and industrial | - |
| HomeTrust Bank | Asheville, North Carolina | Bank | Small business, Manufacturing and industrial | - |
| Merchants Bank | Winona, Minnesota | Bank | Construction, Agriculture | Equipment valued from about $50,000 to over $10 million |
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