Equipment Lease FAQs What can I use this equipment lease program for?, What is the turn-around time to receive the monies for purchasing the equipment?, Can I work with multiple vendors and still group them into one equipment lease?, Are Five Point Capital rates competitive with my local bank?, What is your current rate?, What kind of equipment lease terms do you offer?, Can I buy equipment from a private party?, Is there a pre-payment penalty?, Are there tax benefits to equipment leasing?, Will this affect my personal credit?, What can I include in my equipment lease?

Equipment Lease FAQs

• What can I use this equipment lease program for?

  You can use commercial equipment leasing for any new or used equipment, work trucks, and/or software that makes sense for your business to grow. As long as it is not going to be resold and it is not disposable and/or consumable, it may qualify for an equipment lease. Check out our equipment lease industry page for more details.

• What is the turn-around time to receive the monies for purchasing the equipment?

  Our funding team works quickly and efficiently to find you the best deal. It usually takes three to five business days from the time we have the signed lease documents in our office to have the equipment financing available

• Can I work with multiple vendors and still group them into one equipment lease?

  Absolutely. We want to be sure you get the best equipment at the best deal, and that often means working with multiple vendors. We can work with as many equipment vendors as you need to get the equipment that you want.

• Are Huddle Business Capital rates competitive with my local bank

  Equipment leasing and financing offers less red tape than with bank financing. You can complete the process quicker which means your equipment can start to work faster. Huddle Business Capital offers you a lease manager who will coordinate the details to help make sure your deal is completed in the timeframe needed.

• What is your current rate?

  Rates are based on a number of variables including equipment type and the credit rating of the individual business customer. The best way to find out what rates are going to be for a desired piece of equipment is to contact a Five Point Capital account Lease Manager and submit a quote for the equipment you wish to lease.

• What kind of equipment lease terms do you offer?

  We can structure your commercial leasing terms to best fit your business needs. We provide two, three, four, and five year lease terms on most transactions as well as many different types of equipment lease programs from $5,000 to $7,000,000. Whether you are interested in business equipment lease and financing, automotive equipment financing or heavy equipment financing, Huddle Business Capital has commercial equipment leasing programs that will work best for your company’s cash flow needs.

• Can I buy equipment from a private party?

  Huddle Business Capital understands that your best equipment option doesn’t always come from a dealer. We will process an equipment lease for titled vehicles from a private party.

• Is there a pre-payment penalty?

  No, there is no pre-payment penalty on any of our equipment leases. You can pay off your equipment lease at any time without penalties.

• Are there tax benefits to equipment leasing?

  The tax benefits of equipment leasing can be extremely important to a business’ cash flow. Depending on the type of lease you choose, you may create tax advantages for your company. As always, check with your tax professional on the applicable tax savings

• Will this affect my personal credit?

  This is one way your equipment lease will differ from a bank loan. Your equipment lease will not show as a trade line on your personal credit report as would the principal balance of a bank loan.

• What can I include in my equipment lease?

  With most Huddle Business Capital equipment leases, you can include ‘soft costs’ such as delivery, training and installation in your total loan amount