Vendors

Providing lease financing helps vendors and dealers to increase sales by offering lease financing to their clients as part of the sales package. How Does It Work?

1. Northstar develops special programs for equipment vendors to promote the vendor's sales.
2. The vendor has the user (lessee) select the desired equipment + complete a Credit Application, which is sent to Northstar.
3. Northstar does a credit assessment of the lessee and emails or faxes approval notice to the vendor.
4. The lessee signs the Lease Agreement.
5. Most small-ticket vendors carry Northstar's Lease Agreements and have the lessee sign up front, subject to acceptance by Northstar.
6. After the equipment is delivered and the lessee signs the Delivery and Acceptance Certificate, Northstar pays the vendor and the lease contract commences on the agreed term.
7. The lessee is able to use the equipment over the agreed term and then return it or purchase it at a predetermined price or fair market value.

Assessment of lessee is based on such things as length of time in business, type of business, credit history, equipment cost, and additional guarantees. The lessee will be required to submit financial statements for review in the case of larger transactions.