Q: How long does it take to get my customers approved for finance?

A: Normally this can be done within 24 hours. Provided all the credit information is  available.

Q: What information will be needed to submit a proposal for finance?

A: Details of the equipment being acquired, the price, the term and the customers contact details.

Q: Do we need to handle all the paperwork?

A: Not unless you want to, Finance Options can do all this for you.

Q: Do I need to be licensed to offer finance?

A: If you are offering finance to Sole Traders or Partnerships, you will need to obtain a ‘Consumer Credit Act’ licence. Category ‘C’. Details and an application form is available from the Office of Fair Trading. See the link below.

Q: How quickly do we get paid?

A: As soon as the agreement is signed, all acceptance conditions have been met, you have delivered the equipment to the customers satisfaction, you should receive payment within a few days.

Q: Do we have any risks after a customer is accepted and the agreement starts?

A: No, provided you have fulfilled your supply obligations the risk is with the finance company.

Q: Can we include the cost of maintaining the equipment?

A: Yes, there are special agreements where this can be done. See the maintenance section.