What can you expect in the application and funding process?
You’ve done all the hard work. You’ve educated your customers on the benefits of new technology, provided them with examples of your service levels, and flawlessly explained how equipment financing helps them protect their cash flow. You offer financing to your customers, and they like the idea of an easy-to-manage monthly payment. They are excited and ready to move forward with the next steps of the credit approval process.
At this point, you are so close to closing the deal. It’s crucial your financing provider can move quickly through the credit application and funding process, so your customer receives their equipment or technology without delay, ensuring your relationship with them starts out on a positive note.