About Western Finance & Lease, Inc.
Western Finance & Lease was established in 1990 in Devils Lake, North Dakota, as a subsidiary of Western State Bank, which was established in 1901. Western State Agency, the parent company of Western Finance & Lease and Western State Bank, is employee owned and has grown to over $400 million in total assets.
Western Finance & Lease is a nationwide, full service equipment finance company serving commercial businesses and the public sector with both lease and conventional finance options for new and used equipment. Western Finance & Lease prides itself on being competitive and creative, while maintaining the highest standards of integrity. Team members are dedicated to provide a high level of customer service.
The business model at Western Finance & Lease is built on Midwestern values and focused on providing convenience for each customer. The stream-lined documentation process is first class and in many cases credit decisions can be made within 30 minutes and funded within 24 hours.
Today, the Western team is comprised of over 120 people, with locations in North Dakota, Arizona, Texas, Florida, Washington & Minnesota.
Why Finance & Lease?
Over 80% of U.S. businesses lease or finance their equipment acquisitions! Why? Because companies benefit from the “use” of equipment not “ownership”. Leasing allows companies to leverage purchasing power by “renting” or “deferring” the cost of ownership. A good piece of equipment is like a valuable employee and should be paid for as it produces for the business. You wouldn’t pay an employee’s salary five years in advance, so why pay cash for equipment? Pay cash for assets that appreciate in value, and lease or finance everything else.
