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How long will I have to wait for an approval?
Generally, your transactions under $75,000 can be approved in only 24 to 48 hours.
Of course, larger transactions require financial disclosure (financial statements and tax returns). They will typically be approved 2-3 days after we receive the appropriate documentation.
Who deals with all the paperwork?
We handle every detail for you: the credit investigation, approvals, and the necessary paperwork.
What if my customer doesn’t pay and the lease goes bad?
If your customer does not pay, we assume the next course of action. You don’t take on any responsibility for your customers’ actions.
When am I paid?
We will issue your check within 48 hours of notification of your equipment delivery and installation.
What else, besides the equipment itself, can I include in a lease?
Soft costs—including sales tax, delivery, installation and more—often can be included in the lease payment.
Do branches of the government ever lease equipment?
Summation Financial Group can help you lease to federal, state, city, and county branches, as well as to townships, public school districts, fire and police departments, and more! Computer equipment, communications equipment, transportation equipment… the possibilities await.
Photo copyright © Jimmy Lopes / Agency: Dreamstime.com
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