NXT Capital announced the launch of NXT Capital Equipment Finance. This new business will be led by Michael Gay, an equipment finance industry veteran.

NXT Capital Equipment Finance offers a full range of flexible financing solutions to middle-market companies nationwide. The group will provide loans and leases from $2 million to $20 million to finance new and used equipment for companies with revenues of $50 million and above across most industries. Products include secured term loans, tax-oriented leases, finance leases, operating leases, TRAC leases and sale-leaseback transactions.

Launching Equipment Finance is another significant step in NXT Capital’s development as a diversified commercial finance company. The new group complements NXT Capital’s existing Corporate Finance, Real Estate Finance and Venture Finance groups, extending the company’s reach to middle-market companies whose growth depends on capital-intensive assets.

“We’re delighted to welcome Michael Gay and a talented team of equipment financing professionals to NXT Capital,” said Robert Radway, Chairman and CEO. “Equipment finance is a business we’re very familiar with and one that is a logical, attractive expansion of the NXT platform.”

NXT Capital Equipment Finance will address an important gap in the market. “Many middle-market companies continue to suffer from a lack of access to capital to obtain essential equipment,” said Michael Gay, group head of NXT Capital Equipment Finance. “NXT Capital Equipment Finance is ideally positioned to serve these companies, providing the creative, reliable financing solutions they need.”

NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its Corporate Finance, Equipment Finance, Real Estate and Venture Finance groups. Based in Chicago, NXT Capital has offices in New York, Atlanta, Boston, Dallas, Newport Beach, San Francisco and Silicon Valley.