Helpful Product Information for the Master Lease
Fidelity Capital’s Master Lease Solution helps customers efficiently obtain equipment
Irvine, Cal. — Fidelity Capital, a leading provider of a wide variety of lending services, highlighted its Master Lease Solution, an option that gives customers a disciplined, cost-effective method for procuring equipment, software, support and services with lower risk and greater flexibility than they’d get from traditional capital expenditures.
The Master Lease Line of Credit has the ability to lease multiple schedules of equipment throughout the year in which the customer will alleviate unnecessary transactional fees, paperwork, and credit checks.
“We are pleased to introduce our Master Lease Solution to give our clients a simple, effective option for purchasing their equipment and services,” said Alan Eppstein, Account Executive at the firm. “This is a highly customizable solution that is extremely easy to use. Simply provide equipment quotes and invoices and our team takes care of the rest.”
There are a number of benefits that come with the Master Lease Line of Credit. The master lease does not affect the business’s credit, as the unused portion does not show up on credit reports. Customers can add equipment any time during the course of the Master Lease to continue to support their companies’ growth, and renew equipment as needed to benefit from new technological advancements. The Master Lease allows clients to use multiple vendors on a single master lease, meaning they are not restricted to a single vendor or brand as would typically be the case when financing with a manufacturer. And finally, the Master Lease option allows the customer to add support and services to the master lease along with the equipment purchase.
Ultimately, the Master Lease Line of Credit is a pay-for-what-you-take solution that both saves clients money and makes it easier for them to get the equipment they need with a higher level of efficiency.
At Fidelity Capital we strongly suggest customers use the Master Lease as long as the capital budget provides for multiple purchases throughout the year. Typically our customers keep the Master Lease open for 12 to 18 months depending on the needs of the business.
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