Access Specialties International announces our Lease Financing Program for qualified customers.
Get the latest security technology while still maintaining your organization.
100% + SALES FINANCING SOLUTIONS
Leasing solutions include shipping, installation and other miscellaneous items in the financing.
FAST CREDIT RESPONSES
No need to waste time and energy figuring out how to pay for the equipment.
GET A BIGGER & BETTER SOLUTION
Leasing allows you to get more product and solution with only a small change in the monthly rent.
PRESERVE WORKING CAPITAL / CREDIT LINES
You will not be spending working capital or using up existing lines of credit.
POTENTIAL TAX BENEFITS
Monthly payments may benefit from special tax consideration. True Leases, Capital Leases and Rentals can have unique advantages to your specific situation.
HELPS AVOID TECHNOLOGY OBSOLESCENCE
Leases may be upgraded at any point in time during the term. As your business grows and requires upgraded equipment, your lease can be upgraded too. Therefore, you pay for the equipment usage, not the equipment.
IMPROVED CASH FLOW
Leasing provides a low monthly payment, no need to spend available cash on a technology solution.
FACILITATE UPGRADES TO YOUR TECHNOLOGY
Upgrading your equipment becomes easier with leasing because it isn’t pre-paid.
INCREASED WORKING CAPITAL
Leasing has modest up-front cash outlay, which helps preserve working capital.
MATCH BENEFITS COSTS
Leasing allows you to pay for the usage of the equipment over the term of the agreement. You will recognize the benefits of the equipment at the same time.
Ask about our “0% Financing Program” or our “No Payments for 90 Days Lease”
Contact Access Specialties at 800-332-1013 or sales@access-specialties.com to learn more about our leasing options.
We will fund you as promptly as possible upon receipt of all original documents. Typically, this will be either the same day or the day following the verbal confirmation.
Receipt of Originals:
• All original documents must be returned and in our possession in order to fund.
• Originals can be sent via your desired means.
Documentation Review:
• Upon receipt of required documents, we will review the accuracy of the documents against the Approval.
• Any changes or inconsistencies identified, we will notify the vendor immediately.
• If accurate, a verbal confirmation will occur.
Verbal Confirmation:
• Verbal confirmation will occur within 24 hours of receipt and review of lease documents.
• Any problems, we will work to get them corrected. If we need additional assistance, we make request your assistance.
Funding:
• Check and/or ACH
Quote & Application Process
Quote and Credit applications can be submitted by fax, phone or on-line at www.leasingservices.com. A complete and legible application is essential for a quick and accurate response. Please use the applications we provide, as it will assist us in responding quickly to your request.
Applications should include:
• Complete lessee information including; full legal business name, address, phone, fax, tax ID #, type of Corporation, nature of business, years in business, contact name, personal information and social security #’s of principals.
• Business banking information including; Name of Institutions, phone, contact person, account numbers.
• Trade references should include; Name of Institutions, phone, and contact person, account numbers.
• Complete description of equipment, costs of equipment, cost of services, cost of any trades-ins, buyouts, upgrades, term, purchase option, # of advance payments and security deposits.
• (2) two years audited financial statements and ytd internal financial statements must accompany applications over $50,000. If audited statements are not available, tax returns may be accepted.
Application responses:
• Credit responses will be sent via fax to the submitting vendor via fax. Most applications under $50,000 will receive notification within 4 business hours.
• Credit applications from $50,000 to $200,000 will have responses within 48 business hours.
• Credit applications over $200,000 may take as long as 5 business days to render a response.
B and C Credits:
• Credits that are B and C may require longer response times and may be subject to changes in $ amount approved, advance payments, security deposits, rates, length of term and Purchase Option. There is not guaranty that we can get these deals approved.
Quotes:
• A copy of the proposed equipment quote should be included with the application along with the desired lease structure if known.
The following are the documentation requirements as established from time to time by Access Specialties. Please follow them in order to receive timely documentation and funding of leases. All must be completed to fund.
Lease Documents:
• Documentation must be completed as required.
• Correct legal name of Lessee as shown on Approval.
• Lease must be signed by corporate officer, or individual listed on Approval.
• If required, the Personal Guarantee must be signed as shown on Approval. NO TITLES.
• Correct and accurate payments, terms, purchase option, advance payments, security deposits as shown on Approval. Rate and Equipment must match the payment and invoice. No cross-outs, changes, white outs or other modifications.
Equipment Descriptions:
• A complete and accurate equipment description must accompany every lease. If the Equipment area is too small a Schedule A must be used and sign as part of each lease.
Notice of Acceptance:
• Our receipt of a signed Notice of Acceptance may be required on all leases before funding.
• We will verify the Notice of Acceptance during a verbal confirmation.
Additional Documentation:
• Personal Guarantee, Corporate Resolutions, Cross Corporate Guarantee’s, Purchase Agreements, Tax Exemptions, and all other documents that may be required from time to time must also accompany original lease prior to funding.
Invoices:
• Invoice must reflect the amount equal to the monthly payment * rate as shown on the Approval.
• The Invoice must include: detailed equipment description w/ serial numbers,model, and make.
• On all transactions, original invoice is required for funding.
• The invoice should not include taxes, unless otherwise shown on Approval.
Purchase Options:
• Purchase Options of $1.00, 15%, FMV or Other must be consistent with Approval.
Personal Guarantee’s:
• PG’s may be required on transactions, unless otherwise waived according to the Approval.
Advance Payments and Security Deposits:
• All advance payments and security deposit must be made out to Access Specialties International, LLC. They must be received prior to funding.
• If a check is made out the vendor, a copy of the check or assign the check to Access Specialties International, LLC. Either way, it must be from the company that is leasing the equipment and is required to fund. Insurance
• Insurance is required on all transactions. If a lessee does not supply us an insurance certificate as required on the lease, a risk fee shall apply. On all leases, rentals and fee per use agreements, insurance certificate form lessee is required.
UCC-1’s:
• UCC statements may be required for all transactions over $10,000.