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1. Log in to our website with your user name and password
This will bring you to your private account where you will have complete access 24/7 to your customers accounts through 2 main tabs.
- "Application New/List" - By clicking "New" underneath Application, a credit application page comes up where you or your customer fills in the relevant company and credit information. Once you have completed filling in all the required fields, click "submit to credit" and our system will automatically receive the application and begin processing it. By clicking on "List" underneath Application, a list view of all the customers that you have submitted credit applications for appears, and you can click on "Detail" for a detailed view of each account. The system will show what the current status is on each of the transactions so you are always in the loop as to where your deal is.
- "Proposal New/List" - By clicking on "New" underneath Proposal, a proposal page comes up where you can enter in the details of the equipment you are proposing to sell, along with your customers company information, and then select the appropriate proposal document based on what type of credit your customer indicates (there are 4 credit tiers to choose from, Tiers A, B, C, & D, giving you the ability to provide finance options for a wide variety of credit types that your customers may have). Once you have filled in the required fields, you can click "Print Proposal". Our system will auto generate a proposal that you can give to your customer containing 4 different payment options from 24 to 60 month terms. The rate/pricing of the proposal will be based on which one of the 4 credit Tiers you selected originally. This will be a custom merged proposal from You to Your Customer with your logo and contact information giving the impression that you are a one stop shop and giving you the ability to completely control the sale. By clicking on "List" underneath Proposal, a list view of all the customers that you have created proposals for appears that you can track and follow up on, and you can click on "detail/edit" for a detailed view of each proposal that you have generated.
2. Obtaining Credit Reports
After you/your customer have filled in the credit application & clicked "submit to credit", our Intuitive system automatically obtains all relevant
credit reports based on the details of each individual transaction. Our system is fully integrated with the 4 main credit reporting agencies; i.e. -
Experian Personal Credit Reports, Equifax Personal Credit Reports, Experian Business Credit Reports, and Dun & Bradstreet Business Credit reports. These
reports generally make up approximately 70% of the credit decision, and our system automatically sends an e-mail notification to you informing you that
the credit reports have been obtained. Having this information instantly allows you the ability to give feedback directly to your customer at the
point of sale within minutes of the credit application being submitted...
3. Auto-Routes to Underwriting
Once our system obtains the appropriate credit reports, it automatically routes the transaction to underwriting for credit review. The Credit Review
takes into account multiple factors such as time in business, personal and business credit scores, the financed amount requested, the industry the
customer is in, business bank account information (if required), etc. Depending on how strong the overall credit risk of the transaction is, final
approvals can be obtained as quickly as one hour, and for tougher credits, it could take up to 24-48 hours. With our diverse lending card, we can often
times find a home for even the extremely "challenged" credits. As soon as the approval is obtained, our system automatically sends an e-mail
notification to you, the equipment vendor, that you have a firm credit approval.
4. Approval to Docs
Once you receive the auto e-mail from our system that your customer has been approved, your dedicated account manager will immediately contact you or
your customer (your choice) and explain the options and terms that the transaction has been approved for. Your customer will choose which option
best fits their needs, and your account manager will enter that information into our system. Next, your account manager will click a button that says
"generate docs", and the documents are instantly created from the information supplied in the original application through our proprietary
document merge technology. The system then auto forwards the documents to Quality Control for accuracy, and they are then e-mailed directly to you or
your customer (your choice) in PDF format for signatures.
5. Overnight Funding Docs
Once you/your customer receives the PDF e-mail containing the funding documents, your customer will print them out, sign them and overnight the
original signature copies to our Corporate Office at 9861 Irvine Center Dr., Irvine, CA 92618, along with the required deposit check made out to
"Nationwide Business Credit" (our parent company). The deposit check generally consists of first and last payments and a one-time processing fee
(all of this information will already have been explained by your account manager at the time of the approval). The document package will always
explain all required information and amounts due so that there is no confusion or time wasted. Once you are an approved Vendor partner, we will
provide you with our Fed-Ex account # for your clients to overnight the documents to us at our expense. Once the Funding Documents arrive at our
office, they are logged into our system which will generate an automated e-mail notifying you that the signed documents have been received and are
currently being reviewed.
6. Equipment Delivery
After you receive the automated e-mail from our system notifying you that the signed documents have been received, you schedule your equipment for
delivery to your customer (if it has not been delivered already). Also, if your customer faxes in signed copies of the funding documents, your
equipment could be scheduled at that time also assuming we will receive the original signature documents the following day.
7. Acceptance & Funding
Once your customer receives their equipment, our funding department will call them and do a "verbal verification". We will ask if your customer has
received the equipment and are satisfied with it as well as the terms of the agreement. Your dedicated account manager will be communicating with you to
determine the exact time of equipment delivery in order to coordinate the "verbal verification" phone call. The transaction will then fund, and your
vendor check will be sent out via overnight mail the same day. Also, you may receive funding via ACH (wire transfer) directly into your bank account by
providing your bank's routing and account information.
No product exists on the market today that instantly and automatically routes transactions through a credit approval and funding process as well as
communicates with the equipment vendor in real time each step of the way like our system does - Try it today and experience for yourself what a true
finance partnership can do for your business...
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