You likely landed here because you're either researching your options for financing business equipment or you submitted an application and are wondering what happens next. You're in the right place!
We try to keep the lease process as simple and user-friendly as possible. You can expect your journey to look like this:
Let's take a look at each step in a little more detail...
1. Apply for Financing
You've done the research. You figured out what equipment you need to grow your business...and you landed here. Many of our customers find us through the equipment vendor or manufacturer they're purchasing equipment from, but we're also able to finance equipment from vendors we don't have exclusive relationships with! Even if your dealer has a preferred finance partner who isn't Geneva Capital (shame on them), we can still give you a quote...hopefully with better terms than the competition!
Regardless of how you become a Geneva Capital customer, the first step in the process is the same - filling out our 5-minute credit application.
YOUR DEDICATED TEAM
When you submit an application, the first step we take is to assign a dedicated Sales Representative (and their support "POD" - or team) to you based on your market, vendor, and region. Our reps are specific to each niche market we serve. This specialization allows them to build relationships with equipment vendors and really get to know your industry and equipment.
Their 4-person POD is the group you'll work with from start to finish. You'll always know who to contact with questions, and everyone working on your transaction will be well-versed in all the intricacies of it!
2. Credit Review
Another thing that sets us apart from other lenders is that we focus on the individual. Like any other lender, we have guidelines...but we also take the time to learn about YOU and your unique position.
Are you a start-up on paper, but have years of experience in the industry? We love hearing that.
Did you have a rough stretch and find yourself stuck exploring financing for bad credit? We take the whole picture into consideration.
After your app is received, you'll typically get an approval within a business day!
If we determine that we're unable to finance you at this time, we'll let you know ASAP so you can explore other options.
3. Choose Terms
This is the fun part - tailoring financing to fit your needs! Once the Credit Analyst assigned to you completes their review, your Sales Rep will lay out some payment options to choose from. We'll look at different term lengths (typically 24-60 months) and lease structures, and determine the deposit needed to provide the solution that will work best for you and your business.
4. Sign Documents
The lease signing process can either be streamlined and completed digitally with DocuSign, or with tried-and-true paper documents. Either option gets us to the same point, so we're cool with whichever method you choose! Your Document Specialist will send the DocuSign link or paperwork to you, and will be there to answer questions along the way.
5. Issue Purchase Order (P.O.)
Whether you're working with one of our dedicated vendor partners or not, the lease process is virtually identical. Our team will connect with your equipment dealer to submit the order and pay for the equipment (on your behalf). No work is required on your end - kick back and relax!
6. Receive the Equipment (and Start Generating Revenue!)
When you're financing business equipment, timelines can vary. Longer than average lead times are currently the norm, so delivery and install timelines are harder to predict. Our team will stay in contact with both you and the equipment vendor to ensure your order arrives without a hiccup.
Once your new equipment delivers, our team will contact you to confirm it's all there and in working order. We'll have you sign a delivery form and select your payment due date. A welcome letter will arrive in your inbox outlining all the important details you need for the life of your lease...including contact information for your team here at Geneva Capital.
We work for you.
We're a direct lender focused on specific niche markets. This allows us the freedom to take your type of business and equipment into consideration when making a credit decision...and gives us the ability to be more competitive (and creative) than traditional lenders!
The hardest part about purchasing new equipment should be deciding what to buy to best serve your business...not how to finance it. Our goal is to help take some of that stress off your plate with quick, easy, and affordable finance solutions. We exist for one reason only: to help you grow.
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