Cleveland, OH — 3.2.2026 — Elevex Capital, an innovative equipment payment solutions company, today announced a significant expansion of its get to market team and the formal launch of its strategic Vendor Finance Group, a dedicated division focused on delivering embedded finance platforms and innovative payment programs for commercial equipment sellers, dealers, and manufacturers.
The Vendor Finance Group will serve as the company’s dedicated division for building and managing equipment seller partnerships, offering white-labeled financing platforms, pre-approval sales acceleration tools, and payment structures designed around how equipment is sold and used—from usage-based programs and as-a-service options to seasonal structures and rental conversions.
The team expansion includes several senior hires with deep experience across equipment finance, vendor program development, credit underwriting, and technology innovation:
Michael Bardwell, Director of Sales — Brings more than 30 years of senior leadership experience in commercial equipment finance, with a proven track record of building and scaling high-performing vendor and dealer finance platforms. Throughout his career, Mike has successfully launched and led transportation, construction, and vocational finance divisions at multiple national institutions, overseeing billions of dollars in originations. He is widely regarded for his ability to design compelling value propositions, recruit and mentor elite sales talent, and tightly integrate sales, credit, and operations to deliver best-in-class dealer experiences.
Joseph Tocco, Credit Manager — Joe has led credit and operations teams supporting billions in annual originations, developed enterprise-wide credit policies and risk models, and partnered closely with sales organizations to drive disciplined growth.
Tim Auxier, Sales Executive — Tim specializes in equipment financing for commercial clients, leveraging his diverse experience as both a business owner and corporate professional to build trusted relationships, drive sustainable partnerships, and support Elevex Capital’s strategic growth initiatives.
Carl Meinhardt, Sales Executive — Carl is a senior sales executive with a proven record of exceeding ambitious targets across diverse industries by earning client trust, delivering tailored, measurable solutions aligned to business objectives, and turning satisfied customers into long-term advocates.
Dallas Bardwell, Sales Executive — Dallas is a forward-thinking sales leader who develops and executes strategic growth initiatives aligned with evolving market trends, mentors high-performing teams, and drives measurable results through strong collaboration, innovation, and customer-focused leadership.
Brent Burcham, Sales Executive — Brent built and led a specialized equipment finance brokerage focused on small-ticket vendor programs, generating $17MM–$32MM in annual originations through a curated network of funding partners across diverse industries.
Simona Kalasinskaite — Simona is an experienced credit professional with over 13 years in the equipment leasing industry, recognized for her expertise in underwriting, financial analysis, and risk management, and for delivering clear, strategic insights that support confident executive decision-making.
Gavin Hall, Credit Analyst — Accomplished Finance professional with a strong foundation in risk management and financial planning. Gavin contributes analytical skills, risk assessment experience, and a proactive mindset to support client-focused, data-driven decision-making.
“Equipment sellers are losing deals because traditional financing turns every conversation into a rate comparison. Our Vendor Finance Group changes that dynamic entirely—giving sellers an embedded finance platform and payment structures that make the equipment the hero, not the price tag.”
— Jeffry Elliott, CEO, Elevex Capital
The Vendor Finance Group offers equipment sellers a complete embedded finance platform with no upfront costs or long-term commitments, including 100% digital application processing, AI-powered credit decisioning, instant pre-approval capabilities, and next-day funding. The platform integrates with sellers’ existing sales processes—whether through internal sales teams, dealer networks, or ecommerce websites.
“We’re not just offering a financing program—we’re giving equipment sellers the platform and payment innovation to transform one-time transactions into long-term recurring revenue relationships. That’s a fundamentally different value proposition.”
— Michael Bardwell, Director of Sales, Elevex Capital
The launch follows Elevex’s recently announced $1 billion forward flow agreement with TPG and credit facilities with Wells Fargo and Woodforest Bank, providing the funding capacity to support rapid growth across all business lines.
For more information about the Vendor Finance Group, visit elevexcapital.com/equipment-sellers or contact marketing@elevexcapital.com.
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About Elevex Capital
Elevex Capital engineers payment solutions for commercial equipment needs, serving small businesses, mid-sized companies, equipment sellers, third-party originators, community banks, and capital markets partners across the United States and Canada. The company combines decades of equipment finance expertise with AI-powered technology to deliver innovative payment structures—including usage-based models, seasonal payments, milestone-based terms, and as-a-service options—that align with how equipment actually generates business value. Backed by a $1 billion forward flow agreement with TPG and credit facilities with Wells Fargo and Woodforest Bank, Elevex provides application-only financing up to $1,000,000 with decisions in minutes. For more information, visit elevexcapital.com.
