Up
Front Commissions:
Standard Leasing Factors
|
No commission paid. |
Up
Front Commissions:
$1.00 Buy Out Factors |
$1 Buyout. |
On
- Going Payments |
N/A |
Guaranteed
Lease Approvals |
N/A |
Key
Contact |
A
representative from our Vendor Relations Department will be assigned to your
account. A designated Program Manager will expedite all aspects of your lease
funding needs - from scoring, documentation, lease verification and
trouble-shooting a deal, to ongoing portfolio management. To ensure
consistency, whenever you have a question or problem, you deal with the same
person all the time. |
Application
Submission |
Application
can be submitted via fax. |
Verifications |
LADCO
handles lease verifications until 7 p.m. (CST) Monday through Friday. |
Funding |
If
your leased equipment is installed and verified by 4 p.m (CST) we can initiate
the ACH credit of your funding amount into your office checking account the
same day. |
Confirmation |
Prior
to Funding |
Advance
Payment |
None
Required. The first payment will be collected via ACH within 10 days of
funding. |
End
of Lease |
As per the amount(s) for the applicable Residual Value Category on the Lease Price Guide for all equipment specified on the lease document.
The residual value amount stated on lease document must match this amount. No sharing of end of term payments with MSP. |
Document
Fees |
None |
Recourse |
1st ACH payment - Full recourse through successful collection of 1st ACH payment.
Full recourse for duration of lease term for reasons of fraud, forgery, or misrepresentation. |
Equipment
Type |
Approved POS Processing Hardware, limited to equipment included on Lease Price Guide. |
Insurance |
Proof
of Insurance required prior to funding on all Leases where the invoice exceeds
$2,500.00 |
Notes |
LADCO will make every commercial effort to approve merchant leases but reserves all rights to decline leases for non-credit qualified merchants.
The minimum acceptable fico score will be 630. Funding amounts are subject to Ladco maximum funding limits based on equipment types.
No additional fees can be charged to the customer by the MSP relating to the lease if they are not explicitly permitted in the agreement, lease, or plan |