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

North Causeway Bridge Offers Innovation, Congestion Relief for Fort Pierce, Fla., Motorists

Missouri's $284M Chester Bridge Under Construction

Mecalac Offers Telescopic Wheel Loader to Improve Stability, Mobility in Material Handling Applications

Chicago Bears Announce Plans for New Enclosed Stadium

Oshkosh Corporation to Acquire AUSA

Webuild Ready to Rebuild Collapsed Baltimore Bridge

Crews Complete Covington, Georgia Community Project

Alabama AGC Announces BUILDSouth Award Winners