The Basic Steps of the Financial Process are:
- Obtain quote for equipment from qualified vendor
- Credit process (submission of credit application and financial information)
- Legal contract specific to transaction issued
- Lessee executes contract and returns to Sparta with any additional items required
- Sparta obtains vendor invoices and MSOs (where applicable), and verifies insurance coverage
- At equipment delivery, lessee ‘accepts’ equipment and authorizes Sparta to pay vendor on their behalf
- Lessee makes payments directly to Sparta or its assigns in accordance with payment schedule through contract maturity