LBX Company LLC announced the formation of LBX Capital, a financial services organization that will provide retail and wholesale financing exclusively for Link-Belt excavators, material handlers and forestry machines in the United States.

LBX Capital will offer a comprehensive financing program with some of the best financing rates in the industry, including more competitive lease residuals with 24 month term options. Dealers and customers can expect higher approval rates of weaker credit customers and faster processing speeds, supported by a field sales support team dedicated exclusively to the LBX Capital program, according to the company.

“This is a significant milestone that will provide our dealers and customers with competitive financing tools and will support our company growth,” said Eric Sauvage, president and chief executive officer of LBX Company.

LBX Capital is an alliance between LBX Company and Sumitomo Mitsui Finance and Leasing Company (SMFL) Ltd., based in Tokyo, Japan, with offices in New York and San Francisco.

For more information, visit lbxco.com.

Today's top stories

Growing Interest in Construction Careers Among Younger People Means Jobs Filled, Deadlines Met

Larry Young Paving Tackles Grade-Separated Interchange in Texas

Caltrans, Crews Working to Repair Highway Landslides

FIRSTGREEN Industries Launches ROCKEAT Electric Skid Steer Loader

'Tiltrotator Effect' Increases as Energy Consumption Goes Down

VIDEO: Birmingham, Ala., Awarded $14.5M Fed Grant to Revitalize Its 'Black Main Street'

Pettibone Celebrates 75th Anniversary of Cary-Lift

Fay Preps Way for Pittsburgh International Airport Modernization Project