Financing Timeline

Life of a Financing Agreement Timeline

• You select your equipment (if applicable*) and desired financing solution.
• The application is either completed online or in special cases, phoned or faxed.
•  A credit analyst receives your application for a decision: Approve, Decline, or Pending More Information.

If accepted:

• A PEAC Solutions rep is notified of acceptance and notifies you and the vendor.
• Documentation is prepared and sent to you.
• The vendor delivers or installs equipment or software – OR if you applied for a working capital loan, you receive your funds!
• You accept the equipment and sign a PEAC Solutions D&A
• You return the documentation to PEAC Solutions for verification
• Credit contacts you to verify receipt of equipment and billing information
• A payment check is sent to the vendor
• Completed documentation is sent to our Booking department, which enters all data and sets up billing
• First invoice is generated

After the deal is complete:

• Register and login to Customer Connect to conveniently manage your accounts online
• Visit our online Help Center 24 hours a day when you need answers
• Customer Service assists you with billing and account issues that can’t be resolved via Help Center or Customer Connect
• Working Capital Loan customers have the option to renew their loans once halfway (50%) through their payment term.
• If needed, Collections will contact you regarding payment obligations
• Appropriate End of Term process applies. Equipment financing customers can also opt to upgrade their equipment.