We previously highlighted a few of the benefits of leasing your business technologies rather than purchasing it outright which includes various financial benefits, keeping your business up-to-date and often-times offering an accompanied service level agreement to make maintenance and repairs easier and more inexpensive, To follow on, here is a list of the document requirements in order to apply with a bank or an accredited finance house such as ESAPARTNER’s in-house finance company ESAFINANCE.
Once you have decided on the solution that best suits you, whether that is a printer, a PABX, a video conferencing unit or al of the above, the next step to take is getting your business vetted for the leasing of the equipment. This process involves dealing with your hardware provider who will act as the broker between your company and the relevant banks to ensure that your business is not over-exposed and is viable for the leasing of the equipment and in some instances, dealing directly with the financier.
The documentation required during this application process is:
- Signed / Accepted Proposal or Quote
- Credit Application (to get finance through ESAFINANCE, click to download our credit application form)
- Signed Rental Agreement (stipulating the hardware, the term and the payment amount)
- Company Registration Documents
- VAT Registration Documents
- Director’s ID’s
- Cancelled Cheque / Proof of Banking Details
- Insurance Details
- Company Letterhead
Once this has been received by the finance house, business owners can expect to wait between one (1) to five (5) days to receive the response from the relevant finance houses regarding their eligibility to lease the hardware they have applied to lease.
For more information, contact us and speak to one of our finance specialists – call us on 021 552 5233 or email us at [email protected]