Leasing Process

The Process

We ask our customer to fill out and complete the online application and submit electronically, fax or email it to us. We then pull credit, verify TIB with Secretary of State, and verify bank reference and trade references. Once we have processed the application BLI submits to one or more funding sources that will guarantee and/or underwrite the lease. Once we receive an approval it is good for 90 days. This allows the customer to start shopping for the equipment if they haven’t located it already. It generally takes 1 business day.

Ready to buy?

We contact the vendor/seller of equipment and receive the documentation we need to complete the process. Following that, we generate the contract and send it to the customer for signature. Once we receive the contract back with upfront fees we verify insurance and fund the transaction.

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Leasing Terminology

PUT Option (Purchase Upon Termination):
A specialized option that can be offered in conjunction with an FMV lease that requires a purchase of the equipment at the conclusion of the lease at a fixed-in-advance percentage of the original purchase price (e.g. 10%).
Equipment Leasing Examples

Bar & Restaurant Equipment
Total Price: $75,000.00
$1,245.00 @ 60 Months 10% Buy-out

Leasing Process

Start the Leasing Process Today

Leasing Terminology

Equipment Leasing Examples