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Step 1
You select the equipment and the Equipment Dealer of your choice
Step 2
Submit an equipment lease application by fax, e-mail, or online. If the dollar amount of the lease requires financial information please see financial requirements.
Step 3
Columbia reviews and investigates credit information and/or financial information. Principals credit history; banks and trade references, the equipment and the equipment dealer are also reviewed.
Step 4
When the lease is approved Columbia Leasing will notify the business owner and the equipment dealer the terms and conditions of the approval. The average decision time for an application only lease is 24 hours. The variance comes from the response time of the bank and trade information of the business owner. If financial information is required the average decision time is two to three days.
Step 5
The equipment dealer provides Columbia leasing with an invoice or order detailing the description of the equipment and the exact cost and sales tax if applicable. After we receive this information we will generate the lease documents and overnight them to the business owner.
Step 6
When Columbia Leasing receives the signed documents from the business owner with the proper initial payments and/or security deposits, we will issue a purchase order to the Equipment Dealer for delivery of the equipment.
Step 7
After the equipment is delivered and installed the business owner will be contacted by phone and asked to verbally verify the delivery and acceptance of the equipment, review the lease terms, and authorize payment to the equipment dealer. If all terms and conditions of the approval are met the equipment dealer will receive a check via overnight delivery.
OUR JOB IS TO
MAKE THE EQUIPMENT LEASE PROCESS
SEAMLESS AS POSSIBLE
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