FREQUENTLY ASKED QUESTIONS ABOUT EQUIPMENT LEASING


Lease Benefits | Who Should Lease? | Aproval Process | Transaction | Costs

Lease Benefits

Why lease instead of borrowing money?

Leasing leaves your credit available for other business needs. Furthermore, depending on the type of lease you choose, you may be able to expense your lease payments. See the Benefits of Leasing page for more detail of additional benefits.
 

How do I decide which lease is best for my business?

Equipment Lease Financing has an experienced team of financing specialists who can help you choose the type of lease best suited for your business and the type of commercial equipment.
 

Some critical questions are:

 
  • How predictable is your cash flow?
  • How long will you need the equipment?
  • How quickly will the technology of the equipment improve?
  • What is your monthly budget?
  • What are your tax needs? The Capital Funds Leasing team can provide general information about the tax benefits of the different lease types.
  • Do you want to own the equipment at the end of your lease?
 
In working with a Equipment Lease Financing specialist, you can review all the various lease types and payment options to acquire the right lease.

Who Should Lease?

Who can lease equipment from Equipment Lease Financing?

Anyone interested in leasing commercial / business equipment.
 

What if I’ve never leased equipment before?

That’s fine. We will walk you through the entire process. At Capital Funds Leasing, our priority is providing our clients with individual attention and assist them select the leasing option that makes the best sense for them.

Approval Process

What is the approval process?

Approval is a quick and easy process. No financial information is required when you Order Cialis Online use our simple one-page credit application. You can finance up to:
 
 
  • $250,000 for hard asset equipment, or
  • $150,000 for soft collateral equipment
 

How long does it take to be approved?

Most applications are processed within 24 hours – and that can go even faster when a full application package is submitted. When your application is approved, we will prepare and send you the lease documents for signature. Once you sign and return the lease agreement, we issue a purchase order to the equipment vendor. Your lease takes effect when Capital Funds Leasing pays the vendor after you have accepted delivery of the equipment.
 

What is the typical process for commercial equipment leasing?

You fill out a simple, one-page application.

Transaction

How large a transaction can you fund?

Equipment Lease Financing finances transactions ranging from $5,000 to $5 million.
 

Can I add equipment to an existing lease?

Yes, at any time.
 

What about insurance?

It’s in your best interest that you insure the equipment. You can do this through your own insurance agent and send us a certificate of insurance, or Capital Funds Leasing will issue a certificate through the ELPA (Equipment Lessors Protection Association) and bill you for the annual premium.

Costs

What are the up-front costs to the lease?

Usually the up-front cost is the equivalent of two monthly payments – considered your first and last payments. There is a nominal fee to cover the costs of processing the lease documents and filing the UCC-1 financing statements required.
 

Is there an application fee?

No. There is NO application fee.
 

How do I pay the sales tax?

Sales tax is apportioned across each lease payment as a separate charge.