Frequently Asked Questions About EquipLea

What is EquipLea and who is it for?

EquipLea is specialized equipment (truck or trailer etc.) finance broker software designed for commercial lending professionals who handle truck financing, trailer leases, construction equipment loans, and heavy machinery financing. It's ideal for finance brokers, commercial lending teams, and finance companies managing 5-50+ equipment financing deals monthly.

How does EquipLea improve equipment finance brokerage workflows?

Our application management software automates manual processes in equipment financing with: 1) Visual Kanban pipeline for deal tracking 2) Automated deficiency checks for loan applications 3) Built-in payment calculators for loans 4) Lender submissions via email 5) Real-time commission tracking - reducing errors by 75% and improving turnaround times by 40% based on user reports.

What types of equipment financing does EquipLea support?

The software supports all commercial equipment financing types including: truck financing, trailer financing, Construction equipment loans, Heavy machinery financing, Medical equipment leasing, Agricultural equipment loans, Fleet financing solutions, and Industrial equipment leasing.

Can I integrate EquipLea with lender systems and CRMs?

No! but you can download application with all attachments or you can directly email application with all documents attached and with automated cover story from within the software.

How does the lease calculator work for equipment financing?

Our equipment lease calculator automatically computes: Monthly payments, Residual values, Buyout options, Tax implications, Commission structures, and Amortization schedules. Simply input the equipment cost, term, rate, and residual percentage to generate client-ready proposals instantly.

How Does EquipLea Outperform Spreadsheets in Equipment Financing?

Unlike error-prone spreadsheets, EquipLea provides: Centralized deal tracking, Automated document collection, Lender-specific submission formats, Team collaboration features, Audit trails, and Mobile access. Brokers report 75% fewer errors and 30% faster funding times after switching from Excel to our equipment finance software.

Can I manage sub-brokers or team members in EquipLea?

Absolutely! Our broker management tools include: Role-based permissions and Deal assignment tracking. Perfect for growing your equipment finance brokerage while maintaining oversight.

What training and support is included?

Every EquipLea subscription includes: Onboarding specialists, Dedicated account management (for Enterprise plans), and 24/7 email support with <2 hour response times during business hours for all equipment finance software queries.

How much does EquipLea cost for equipment finance brokers?

Pricing starts at $20/month/user for first 10 users. Then the price goes down to %15/month/user. All plans include unlimited deals, lender submissions, and our complete equipment leasing software feature set. No long-term contracts required.