Questions and Answers

Equipment Financing

• What is the procedure for leasing equipment? How does it work?

  Step One: Equipment Supplier proposes a financing option to the Customer to acquire necessary equipment and Customer accepts
  
  Step Two: Equipment Supplier has Customer complete a credit application and submits to LCA
  
  Step Three: LCA performs credit review
  
  Step Four: If approved, Customer will be sent financing documents electronically
  
  Step Five: LCA receives all executed documents and approves delivery of equipment
  
  Step Six: Equipment is delivered and accepted by Customer
  
  Step Seven: LCA pays for the equipment and commences the financing agreement

• How do I get set-up as a partner with LCA?

  First, fill out an Equipment Supplier Registry form or call our sales department at 800-800-8098.

• How do I offer a lease?

  Please call us at 800-800-8098 or send us an email.
  
  After speaking with an Account Executive, you will be asked to submit an Equipment Supplier Registry form to become an approved LCA Equipment Supplier. 
  
  Once you are an approved Equipment Supplier, your LCA dedicated Account Executive will provide your sales staff with training on how to quote and complete successful financing for your customers.
  
  Based on your needs, custom marketing materials can be created, including a custom quote tool for your website that will make it easy for your customers to acquire your product affordably.  

• Who qualifies for lease financing with LCA?

  LCA finances equipment for commercial businesses, associations, non-profit organizations, and municipalities.

• How soon will I be paid for the equipment?

  After the delivery and acceptance, payment is made within 48 hours, or sooner with direct deposit.

• What is LCA's average turnaround time for credit decisions?

  For Applications under $150,000 the turnaround time for credit decisions is 2- 4 hours. Applications over $150,000 may require additional time

• Why should you use LCA for your lease financing company?

  Competitive lease rates with LCA Bank Corporation 
  
  FREE Proposal Generator - create a professional lease quote just by entering an equipment cost
  
  FREE Marketing Support - LCA can work with you to create promotional materials to advertise your customer financing program
  
  Pre-funding up to 100% available - subject to equipment supplier approval
  
  Syndication desk for marginal and start-up credits
  
  LCA will prepare the financing documents and manage the entire process
  eSignature lease documents
  
  Standard and specialized lease programs including Zero Down, 90 Days Deferred
  
  Prompt service - dedicated LCA Account Executive and same-day funding available
  
  LCA is a direct funding source with its own banking subsidiary - LCA Bank Corporation