Welcome to TEAM Equipment Leasing
TEAM Equipment Leasing is a National Company focused on commercial lending services. We will help you build your business with custom leasing solutions. Whether you need computer hardware and software leasing OR other capital equipment to improve your business, TEAM offers developed financing solutions to meet your unique commercial borrowing needs.
Equipment Leases
Up to $100,000 without financial statements for businesses 2 or more years old. And up to $65,000 for Brand New Businesses. TEAM can even assist companies with challenged credit. Call us toll free at 888-457-7550 and a trained professional will assist you with your questions.
TEAM is your Computer Hardware and Software Leasing Specialist! Software Only Leasing! You may include Maintenance, Shipping, Installation & Training! This unique software only leasing service has helped many companies get the software resources so desperately needed to operate businesses today. Call us for details.
Master Lease Lines of Credit
Helping businesses acquire the technology and equipment needed so they can compete successfully. Whether you need $5000 or $5 million, TEAM can help your business plan for growth with a line of credit to cover all of your equipment needs.
Is Your Business Growing At The Rate You Want?
APPLY NOW!
If you wish to complete a credit application for your business, you may: 1. Download a Credit Application (in PDF format) 2. Request an application by calling us at 888-457-7550.
Vendor Programs! TEAM Equipment Leasing is focused on making it as easy as possible for your customers to buy from you, again and again!(Equipment Vendors click here)
CONTACT US: 7800 Shoal Creek Blvd. Ste. 202W. Austin, Texas 78757 Tel: 512.452.7550 / 888.457.7550 Fax: 512.452.7552 Email: info@teamleasing.com
Questions Frequently Asked by Small Businesses
How can leasing save my business money?
Leasing lowers your total cost of ownership. You pay for the equipment only over the term of the lease, NOT over the full life of the equipment. Since lease terms are usually matched with maintenance contracts, you can avoid being stuck with equipment that needs to be repaired or upgraded. Leasing offers fixed, low monthly payments. This allows you to preserve your lines of credit and maintain your cash reserves. No security deposit; no payments for 30 days.
How do I qualify for a lease at ABC Company?
In most cases, we only require the following information to process our lease application:
• Legal Company Name
• Address
• Phone Number and Fax Number
• Number of Years in business
Should your company meet our credit standards, we can proceed with your lease. In some cases, this preliminary application will not provide us with sufficient information to make a credit decision. In those cases, the following information is required:
• Name of Owner
• Principal and/or Primary Shareholder of the company
• Social Security Number of the above person
• Home address and phone number of the above person
How much will my lease payment be?
The purchase option that you choose and the total cost of the equipment that you are going to lease will affect how much your lease payments will be. You can get and ESTIMATE of your monthly payment, before applicable taxes and fees, from our lease calculator. For an exact leasing quote, please contact one of our leasing representatives at 888.457.7550.
When do my lease payments start?
Your payments start 30 days after you receive your equipment. Be sure to ask us about our deferred payment and no down payment plans! These plans help you begin earning revenue before you start to make your lease payments.
Are there tax benefits associated with leasing? In many cases, lease payments are tax deductible. To see if you qualify, contact your tax advisor.
Do I have to provide insurance for the equipment I lease? Yes, insurance is a requirement on all leased equipment. You should arrange for insurance in the same way that you would if you owned the equipment.
What is the interest rate on my lease? Like leasing an apartment or office space, there is no interest rate on an equipment lease. Your monthly payment is determined by a lease factor. The lease factor is multiplied by your equipment cost to determine your monthly payment.
What is Fair Market Value (FMV)? FMV, as it applies to the purchase option in a lease, is the dollar amount that your equipment can be sold for on the market at the end of your lease. Because market conditions change over time, this dollar amount is unpredictable today. FMV is usually chosen as a purchase option by those businesses that want the lowest monthly payment possible and are fairly certain that they will return the equipment and upgrade at the end of the lease.
ASK ABOUT OUR NEW TECHNOLOGY UPGRADE LEASE! You may qualify to acquire more equipment throughout the lease and your monthly payment never increases! Now this has value Ð Contact your TEAM Leasing representative for more details.
When do I have to provide Financial Statements? Financial Statements are only required in a few circumstances. When the amount that you are leasng is over $75K. When there is insufficient information about your financial strength on a credit report. To qualify for a Master Lease.
Can I move leased equipment from one location to another? Yes, in many cases the leased equipment can be moved. Since TEAM is the owner of the equipment, we must be notified and approve of its new location in advance. Also, keep in mind that certain Federal laws restrict the movement of leased property outside of the USA.
Can I lease a portion of my ABC order? YES, leases can be arranged for full orders, partial orders, or you may add on equipment ordered from other non-competing companies. TURNKEY SYSTEMS may be leased to include hardware, software, maintenance, shipping and installations.
Are there restrictions on what I can lease through TEAM? You can lease any product made by ABC Company, as well as service contracts and peripherals. Before your lease terms are finalized, please ensure that you have also finalized your order.
When can I expect to receive my ABC Company equipment? Once TEAM Leasing receives your complete set of signed lease documents via fax or mail, your order is place to ABC Company. Once your order is complete, it is delivered to you under the terms you discussed with your ABC Company representative.
How do I return the equipment at the end of my lease? If you are not going to purchase the equipment at the end of your lease, it is your responsibility to return it.
Can I terminate my lease early? A lease is a non-cancelable contract. If you choose to terminate the contract early, you are responsible for the remaining stream of payments on your contract as well as other fees and expenses that may be incurred by TEAM Equipment Leasing. Thus, there are no economical advantages to this course of action. If you think that you may want to terminate your contract early, you would be wise to choose the shortest lease term possible, or purchase your system outright today.
TEAM EQUIPMENT LEASING - 7800 Shoal Creek Blvd. Ste. 202W. Austin, Texas 78757
We Take The Hassle Out Of Leasing!