How to Proceed

IFS knows that that your first step in the financing application process is very important.

One of our main goals is to make the equipment leasing process as easy as possible. IFS takes out as much of the guess work as possible from the entire process. IFS understands by educating our potential clients, that eliminates much of the anxiety that can be associated with an unfamiliar field. We know that there are plenty of clients that have been through the equipment financing process many times before, but we also know there are just as many clients that are not professionals in the field of equipment leasing. Let IFS provide the financing education, while you concentrate your efforts on the business you have to run. IFS makes financing a painless experience by alleviating any possible nervous energy. Our staff of experts is ready and willing to provide as much information and education our clients need.

The Equipment Financing Process: The financing process can be broken down into three basic steps.

• Step 1: Select a piece of equipment. Once you have chosen the equipment to help propel your business’ growth there are a few questions that you should be thinking about. How long are you planning on using the equipment? Do you have any debt that will be retiring or has done so recently? Are you paying any overtime and or farming any work out each month? The answers to these questions will help your account executive work on a cash flow model based around the new equipment acquisition

• Step 2: Contact an IFS Account Executive. IFS has an entire team of experienced Account Executives that will help tailor a finance program to meet and exceed all of your goals. To get the most aggressive proposal, please be prepared to forward the past three year-end financial statements, a current interim statement, and the equipment sales agreement. All of these items will help IFS expedite the proposal process.. Your Account Executive will then design and prepare a proposal, forward it to you, and set up a time to review the proposal to answer any possible questions. If the proposal looks like it has met your needs, simply sign the proposal, include any needed credit items, and send it back to IFS.

• Step 3: Upon receipt of your signed proposal and credit items your Account Executive would then call you to confirm that we received your package. At that time your transaction heads to the IFS credit department for the approval process. Typically, IFS provides credit approvals within 72 hours of receipt of a complete credit package. Once your deal is approved, IFS will send you a set of master lease documents to be reviewed and signed. After the signed lease documents are received by IFS, we are then ready to start funding the vendor under the terms of your agreement with that vendor. There are a few different options of when your payment will begin, depending on the funding requirements of different vendors.

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