Frequently Asked Questions
1. How do I become a preferred broker partner?
As a preferred broker, we provide you with tools, advice, and knowledge to help you serve your clients quickly and efficiently while maintaining a high level of customer service. To join Blue Chip’s Preferred Broker Program, just fill out our broker application form.
2. How do I get paid?
Upon receipt of our required lease documentation signed by the customer and delivery of the equipment, we will immediately pay your invoice. This can be paid via cheque or via a direct deposit to your bank.
3. What equipment do you lease?
We lease all equipment listed here.
4. What are your buy rates?
We consider ourselves leaders in the broker market and provide programs and buy rates that are not only industry competitive, but unique.
5. Can my client own their equipment?
We provide leases that can have an equipment lease purchase option that can be taken advantage of either a little before or at the end of the lease expiry. This option will be clearly identified on your client’s equipment lease contract.
6. Will you lease in all provinces in Canada? What about the United States?
We provide leasing solutions to every province in Canada, except Quebec. If a client is buying from a US Vendor and the equipment will be used in Canada, then we can easily provide the equipment financing. If the equipment is being purchased from a US Vendor and the equipment will also be used in the USA, then we cannot provide a financing solution.
7. What payment options are available to my clients?
In a nutshell, we can provide almost any type of option that makes business sense to us and to the client, which includes anything from skip payments (no payment during certain months of the year) to a multitude of terms and purchase options. We pride ourselves on our creativity.
8. What are your credit criteria?
We require a basic credit application that tells us a little bit about the applicant (legal name, address, phone, contact, business type and years in business) as well as a general description of the asset to be financed.
9. How long does it take to get the client approved?
For deals less than $30,000, 3-4 business hours. For deals greater than $30,000, 4-8 business hours.
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