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Leasing Process
- Discuss needs and objectives with AEL leasing specialist. This should include the type of equipment and amount and timing of the fundings.
- Complete equipment selection and vendor negotiations.
- Submit credit request either on-line or with AEL leasing specialist. Accurate information speeds approval process.
- AEL completes credit review - using business and principal's credit history, or for larger or more specialized projects, using individualized analysis.
- Upon approval, AEL notifies and sends lease contract via e-mail.
A lease can often be delivered within hours of submitting a credit application.
- After lease contract is signed, the equipment is ordered and vendor ships the equipment.
- When equipment is delivered and accepted, AEL funds the transaction.
If required, AEL may provide interim - or progress payment financing.
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