OUR PROCESS

1st National Capital Funding takes pride in providing superior service and making service our first priority. We promise quick turn-around on credit decisions & deal evaluations, speedy documentation and Fast funding on approved deals.

Credit Submission

• Submission of a complete business credit application. (use your own or our Credit Application)
• Application must be complete and signed. please see Application Guidelines.
• Provide Equipment Information including costs and fees (e.g. purchase order or invoice)
• Provide any helpful information in support of application.

Credit Review

• A credit review process takes only few hours and a credit decision notice shall be faxed to the dealer.
• Telephone interview with applicant and additional credit investigation may be necessary in some cases.
• If additional supporting documents are not available in timely matter, a Proposal is presented.
• Approval Notice is faxed to the dealer.

Documentation & Contracts

• Upon acceptance of an approval by the customer, Contracts can be ordered.
• 1st National Capital Funding shall provide lease contracts and required docs for signing.
• Docs can be mailed via overnight service or e-mailed to the dealer or customer immediately.
• A cover letter and Check List is provided with every outgoing contract to outline the summery of the deal and to ensure proper completion by lessee & request for any stipulations or supporting documents.

Acceptance of Documents & Stipulation

• Within 24 hours of receipt of contracts, all material is reviewed for accuracy.
• Equipment and/or site inspection is ordered (if applicable)
• Up-front fees and/or security deposits must be in good funds.
• Insurance is verified.
• A Confirmation form is faxed to Dealer/Vendor
• Dealer/Vendor must provide Invoice
• Acceptances of delivery by customer (via verbal telephone verification).

Titled-Vehicle Dealer Docs

• Invoice/Purchase Order (must clearly include serial number/VIN, year, make, model, type, size and complete list of specs and options) Equipment cost, taxes and fees must be itemized and any down payments made by the customer to the dealer must be reflected.
• Copy of Title (front & back) Lien holder information must be correctly listed.
• Copy of official Assignment of Title or Report of Sale to Lessor.
• Copy of all appropriate DMV and Registration forms.
• Condition Report with photos or third party appraisal for used equipment (if applicable).
• Guarantee of Title
• Lessor, Lessee and lien holder information will be faxed to the dealer.

Funding

Upon receipt of all docs and positive review of all requirements, we’ll Fund within 24-48 Hours via overnight mail or Bank Wire Transfer (for approved dealers)