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› Leasing
and Financing with EFSI
› Our
Leasing Process
Our Leasing Process
EFSI's
standard lease transaction follows a 7-step process, which is designed
to make leasing as effortless as possible for you and your customer.
1. You present a
proposal to your customer, which includes a purchase price and a lease
quote, that is contingent upon their lease application acceptance and
proper documentation execution. EFSI is always happy to help you
craft a lease quote for a transaction, or you may create your own
using EFSI’s lease proposal template and an EFSI-supplied lease rate
factor quote sheet (EFSI will train you on how to use these tools).
2.
If the customer wants to lease, your customer completes the online lease
application (also available in 1-page printed format that can be faxed
to EFSI). In addition to the lease application, company financial
information and company principle financial information may be required.
3. EFSI processes
the application and notifies you of the approval results. Sometimes
more information is required in the credit process.
4. Once the
application is accepted, you or EFSI finalize customer acceptance of
the lease payments, as quoted, and obtain customer signature on the
lease documentation. Customer submits signed lease documentation
along with the first payment to EFSI.
5.
EFSI notifies
you that the lease documentation has been received so that you can
order the equipment and perform any installation and/or training
required.
6.
When
installation and training is complete, EFSI performs a telephonic
audit to verify the lessee’s acceptance of the lease terms, equipment,
etc.
7.
Following a
successful telephonic audit, you submit an invoice to EFSI and EFSI
funds the transaction. Typically you are paid within 24 to 48 hours
of invoice receipt.
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