The Equipment Leasing Experts -- Our 27th Year!
The Nuts & Bolts
of Municipal Leasing
Step-By-Step
» State
» County
» Municipal
1. Request a Quick Quote. First Capital will prepare a one-page, written proposal specifying payments and terms (usually including multiple options) Monthly, Quarterly, Semi-Annual or Annual payments—in advance or up to 12 months in arrears—just ask!
2. Apply! Our application is just two pages. We will also need a current budget and the last 3 year’s of audits. On-line or hard copy. (Under $50,000...use our one page “Easy Ap” with no financials required.)
3. Credit Review & Approval. Most leases are credit approved in 2-4 business days.
4. First Capital Prepares Lease Documents and overnights them to the client. The lease spells out all of the terms and conditions of the agreement between First Capital and the client.
5. The Client Signs and Returns the Lease Documents to First Capital in the prepaid overnight return envelope provided.
6. The Client Issues its P.O. to the Vendor. All transactions are between the client and their respective vendors directly (not First Capital).
7. The Vendor Delivers and the Clients Accepts the equipment/vehicles.
8. The Client Faxes a Payment Request and the Vendor Invoice to First Capital. Payment Requests are processed the same or next business day.
9. First Capital Disburses Payment to the Vendor. Vendor disbursements are made via Cashiers/Bank Check. Amounts over $10,000 are sent via overnight at no charge or wired at no charge—per the client’s instructions
10. First Capital Documents All Disbursements. A copy of the vendor cashiers/bank check and the overnight tracking number (or the Fed Wire Confirmation number) will be provided to the client the same day payment is issued.
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