Submitting A Customer Credit Application
Blue Chip Leasing wants to approve all the deals that you submit, but we have to ensure that:
- The applicant has the ability to afford and pay for the equipment lease.
- There is a strong possibility that the applicant will pay the lease to the full term.
- After we pay all invoices in full, our interests will be protected.
- The applicant has a good character and a reported history of paying their bills.
When we are confident in all of the above, we will most certainly approve the application.
So, what do we need to make this decision?
- On all applications under $30,000, a complete Credit Application.
- On all applications over $30,000, a complete Credit Application and possibly the latest full set of company financial statements.
How long will it take us to reach a decision on the application?
- On deals under $30,000, under 4 business hours.
- On deals over $30,000, under 8 business hours.
What will happen after a decision is made?
You will receive (via fax or email, as indicated on your credit application) a PDF Decision. View a sample approval here. If approved, it is our promise to pay the invoice once the terms and conditions of our approval have been met.