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.