We are very proud of our reputation for fast turnaround and above average service. Help us help you by becoming familiar with The Process of Doing Business. After all, chasing paperwork and fixing problems isn’t profitable for your business. Faster vendor funding creates long lasting, profitable relationships for you—let’s do it right the first time!
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as a PDF for Reference
1.
Review the Credit Facts of Your Deal to Maximize Approvals
a.
Are the CBR Scores > 650?
b.
Is the TIB 2 Years or More?
c.
Is the Asset Restricted?
d.
Is the Business Location Restricted?
e.
Are all Credit Exceptions Addressed and Explained?
f.
Does the Deal make Sense?
g.
Have I Closed the Customer on Payments & Terms?
2. Prepare a Credit Package
a.
Complete and Signed Application
b.
A Brief Overview: address
the equipment purpose, expected delivery date, any credit issues and special
requests (prefunding, private party sale, residuals).
c.
CBRs on ALL Owners
d.
Complete Equipment Description: year, make, model, soft
content, etc.
e.
Bank Reference or 3 Month’s Statements
f.
D & B, if Pulled
g.
Ensure that You Have the Correct Legal Business Name
h.
Any Other Supporting Info to Help Process Your Request Faster
3.
Submit for Approval
a.
Fax to 616-774-8740
b.
Send Electronically to apply@enterprisefundinggroup.com
c.
Overnight Large Packages to the HQ Address
4.
Receive Transaction Transmittal
a.
Our Goal is 2 Hour Turn Around.
b.
Approval Notice—PLEASE READ OVER TERMS, CONDITIONS AND
REQUIREMENTS CAREFULLY. Everything
you will need to get your deal funded will be listed.
c.
Decline Notice—Reasons for Decline are listed to Help You
With an Alternative Funding Source. Often,
we will let you know what additional information could be requested to re-look
at the deal.
5.
Doc the Deal
a.
Document Templates are Available Online in the Brokerline
Portal
b.
Enterprise Will Prepare the Docs for no additional Fee
c.
Print a Document Checklist and Check Off Each Item When
Completed
d.
Recheck All Documents for Accuracy.
Save Time—Do It Right the First Time!
e.
Procure a Copy of a Current Driver’s License for EACH Signer. Make Sure the Names Match!
f.
Recheck All Documents for Accuracy.
Save Time—Do It Right the First Time!
g.
Make Sure the Invoice Is Correctly Prepared with Complete
Equipment Description and Serial Number for Each Item Financed.
The Invoice Should be Signed by the Vendor
h.
Request Insurance Coverage Early in the Process
i.
Recheck All Documents for Accuracy.
Save Time—Do It Right the First Time!
6.
Fund Your Deal
a.
Overnight Your Complete Package to our Offices
b.
Notate Any Document Exceptions and Statuses
c.
Assist in Organizing the Verbal Delivery and Acceptance
Interview
d.
Organize the Site Inspection
e.
Your Documents will be Reviewed Upon Receipt.
If All Documents are Complete, Your Transaction is Funded Immediately.
f.
You Will Be Informed of Any and All Document Exceptions,
Errors and Omissions via Email. Your
Transaction will be Pended for Funding.
g.
When all is Complete, We Overnight a Check to the Vendor and
You.