|
When start-up costs are high and cash flow is tight, leasing your signage can be an option to consider. The benefits to leasing are many.
100% Financing
Can include Shipping, Installation, and Permit costs.
Convenience
Simple one-page application with a decision usually in a
couple of hours.
Flexibility
Payment terms specially tailored to meet seasonal cash flow.
Tax Benefits
In most cases your company can write-off the full payment as an operating expense.
No Large Deposits
Generally we only require a first and last payment. Not 20% down like a bank.
WHO CAN FINANCE
Over 80% of all U.S. companies lease all or some of their equipment. Any type of organization can lease:
* Proprietorships
* Partnerships
* Corporations
* Municipalities
* Government Agencies
* Non-Profit Organizations
SIGN LEASING PROCESS
Here is a step-by-step breakdown on how the typical leasing process works at SDDI using Fernwood Capital & Leasing as the financing institution.
* SDDI proposes a quote which will include the leasing option.
* We will then contact Fernwood Capital & Leasing when the leasing option is chosen, or ask you to complete and fax the Lease Application to FCL. FCL assists SDDI by contacting the customer directly with any questions or additional information that may be needed.
* FCL receives the completed, signed lease application.
* For transactions less than $75,000, FCL normally reaches a credit decision within 24 hours and both SDDI and the customer are notified. For transactions over $75,000, FCL will contact the customer for financial statements. Credit decisions involving financial statements usually take 2-5 business days from receipt of the financial package. Approvals are valid for approximately 90 days.
* If your request is approved, we will send the approved quote to FCL so that FCL may prepare lease documents and send them to you for signature via e-mail, fax or courier.
* The signed documents are then sent back to FCL with the advance rental check in the pre-paid overnight service.
* FCL will notify SDDI upon receipt of the lease documents and
issue a Purchase Order to SDDI if requested.
* We will then install the signage and notify FCL upon completion.
* FCL telephones the customer to verify installation, the terms of the lease, and obtains the customers approval to pay SDDI.
* FCL then remits payment to SDDI via wire or overnight service.
The above is standard operating procedure. FCL will consider alternatives. Although there is a strong focus on the entire leasing process, we pride ourselves on returning fast credit decisions and paying the vendor the same day that delivery is confirmed.
|
CLICK LINK BELOW TO DOWNLOAD FILE
DOWNLOAD LEASE APPLICATION (WORD DOC)>
DOWNLOAD PAYMENT CALCULATOR (EXCEL)>
|
