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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 1-page lease application (enclosed) and faxes it to EFSI.  On transactions less than $50,000 this is the only document required for lease processing.

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.