Secure Online Banking

Solutions That Work

About Providence Equipment Finance

For over 30 years Providence Equipment Finance (PEF) specialists have been funding commercial equipment needs quickly and decisively on a national scale to privately held businesses.

PEF credit specialists take a comprehensive approach to underwriting. We consider most types of equipment and differentiate ourselves by providing creative financing structures for both experienced and growth-oriented entrepreneurs. With our history, we especially understand risks inherent to emerging growth businesses and create solutions to finance your customer’s equipment needs when others cannot.

At PEF, our focus is on providing high quality and customized equipment financing product offerings to your customers. PEF dedicates resources to realizable revenue opportunities, which results in our highly efficient funding ratio.


Keys to Creative Financing Solutions

PEF’s Core FOUR:

Experienced Management
Essential Use/Revenue Generating Equipment
Revenue Growth
Minimum Debt Service Coverage 1:1

Learn more about our CORE FOUR

PEF Core Four principles listed in a circle form with icons

Transaction Profile:

Geography: Nationwide
Deal Size: $100K to $5MM
Term: 2 to 5 Years
Customer Sales: $1MM to $50MM

Our Pricing is Credit Based

The Evolution of Providence Equipment Finance

Providence Equipment Finance (PEF), formerly known as Cobra Capital, LLC, is a division of Providence Bank & Trust, a community bank located in the greater Chicagoland area. Being part of a well-capitalized bank, we source funds internally, enabling us to handle broader deal sizes efficiently. We are proud to be part of Providence Bank & Trust, a Bank that impacts the communities it serves through its Stewardship Program.

2018 Cobra Capital Rebrands to Providence Equipment Finance
Cobra Capital Becomes a Division of Providence Bank & Trust
Cobra Capital is Founded


Dale Kluga

Providence Equipment Finance
Phone: 630-985-3500

Dale has over 35 years of commercial leasing and banking experience. In 1989 he cofounded a community bank for the second largest Chicago based banking organization at the age of 29 and subsequently founded the parent company’s equipment leasing subsidiary, which was acquired in 2007 by Bank of America. Mr. Kluga is a CPA and1981 graduate of Northern Illinois University with a B.S. in accounting and is a graduate of Continental Illinois National Bank’s Financial Information Services Training Program and its Wholesale Banking Training Program. Mr. Kluga is a regular guest on nationally syndicated TV and Radio shows and is frequently published in leading business journals on banking and small business issues. Please see our News & Articles section for links to his interviews and articles.

Dale Kluga Headshot

Ryan Rau

Business Development
Providence Equipment Finance
Phone: 630-589-3148

Ryan Rau is a skilled credit risk underwriter and relationship manager with over 15 years in commercial finance. Mr. Rau is a graduate of Northwood University with a BBA in Finance. His experience gained at Canon Financial Services, Wachovia Bank NA, and Wells Fargo & Company provides valuable insight into commercial and personal finance. This varied experience affords him the tools to better partner with equipment finance originators to achieve rewarding and profitable solutions for their customers and their small to mid-size business endeavors.





Member FDIC

Important Disclaimer Information:

*Do not send sensitive personal information via email, including account numbers, social security numbers, date of birth or any information intended to be kept private.
All trademarks and registered marks are the properties of their respective owners.