Lease Financing
Step-By-Step Guide
With all the advantages to leasing communication
equipment, we invite you to review the process in
detail, and hope that you find this method of lease
financing a viable step in building your business. If
you prefer to speak with our lender directly, please
give us a call between the hours of 9am-5pm EST.
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Advantages To Leasing
Commercial Lease Criteria
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Five Steps to Lease Financing
1.)
The Application:
When you have decided to use lease financing to obtain equipment from Commercial Audio
Systems, the first step is to apply. For requests under $75,000.00, a one page credit application is all that that is needed. A blank credit application is available from our office
and will be included with all bid submissions when requested.
2.)
The Approval:
When you have been approved for the lease financing, our lender will contact you
and Commercial Audio Systems. Typically, approvals are secured within 24 hours after receipt of a completed credit application.
3.)
The Documents:
Once approved, it becomes necessary for your decision as to the exact equipment that you will be financing, if you have not already done so. Commercial Audio Systems will then forward an approved invoice to the lender, so that they can prepare the lease documents for your signature. The documents will then be overnighted to you for your review, signature, and direct return to the lender. Along with the signed documents, you will be asked to include a check for any advance payments that you have agreed to and a minimal documentation fee. (usually less than $100.00)
4.)
The Purchase Order:
When the lender has received the signed lease documents
back from you, they will issue Commercial Audio Systems a Purchase Order, so that your system can be built and installed. If the lender is providing pre-funding of any advance equipment deposits, that will occur at this time.
5.)
Delivery And Acceptance:
Once you have received the equipment and the system
installation is complete, the lender will confirm
this status with you verbally, and process final payment to Commercial Audio Systems. At this point, your monthly lease payment schedule will begin. This is the time when you will start enjoying the added benefit that your new system brings to your business.
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Advantages To Leasing
Commercial Lease Criteria
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Information in this document is subject to change without notice./ Logo Trademark 1983
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