MICRO-TICKET PROGRAM FAQ SHEET

Advance Capital Group understands that leasing may be new to you and that you may have questions about how our process works.

In our effort to save you time, we have provided a list of common questions and answers we get from dealers seeking to learn more about Advance Capital Group leasing.

Q.
What makes you different from every other leasing company?
A.
Advance Capital Group utilizes a Proprietary Credit Scoring Model and Risk Adjusted Pricing, which allows us to approve a broader range of credits, including start-up businesses and challenged credit histories. Other leasing companies utilize a “pass/fail” credit scoring model that excludes new businesses and challenged credit histories.

Q.
How do I become an approved dealer?
A.
You can either complete a Vendor Application or call a Business Development Manager at 888-346-6871.
We will respond to your application within 48 hours.

Q.
Do you offer financing to consumers?
A.
Yes. Advance Capital Group offers both consumer and commercial leases.

Q.
Can you do start-up businesses?
A.
Yes. In fact, Advance Capital Group specializes in start-up businesses.

Q.
Do you have any restrictions on business types that you will approve?
A.
No. We do not have many of the restrictions for specific customer types as other leasing companies.

Q.
How much money down do you require?
A.
Our standard pricing program requires only one advance payment on the lease.

Q.
What are your prices?
A.
Advance Capital Group provides a standard Lease Factor Chart that can be used in most industries. We also provide Lease Factor Charts by industry.

Q.
Can you do progress payments?
A.
We offer our Progress Payment Product for most equipment types. Please call a Business Development Manager at 888-346-6871 to confirm its availability for your equipment.

Q.
Do you offer $1.00 buyouts?
A.
Yes. Advance Capital Group offers a Credit Scorer A Lease Factor with a $1.00 buyout for established businesses in most states. This program is not available in AL, IL, MI, MN, NC, ND, TX, or VT; however, our Fair Market Value A rate is offered in these states.

Q.
Why do you need the customer’s personal information on the lease application?
A.
Personal information is required on the lease application in order for Advance Capital Group to make credit decisions on newer businesses. It is also needed for established businesses if Dun & Bradstreet reports do not provide significant data.

Q.
How quick is your credit process?
A.
Our online system, Advance Capital Group Direct, makes credit decisions for applications less than $10,000 in minutes, and credit decisions for applications greater than $10,000 within 4 hours.

Q.
How fast is your funding process?
A.
We fund your lease transactions the same day as we receive your Lease Funding Package. We quality control the transaction document, contact the customer to verify the delivery & acceptance of the equipment, and fund you.

Q.
How do we get paid?
A.
You are paid either through Automated Clearing House (ACH) or by check sent by overnight mail.

If you didn’t see your question above or wish to know more details, please contact a Business Development Manager at 888-346-6871. We are happy to assist you. To apply to become one of our vendors download and fax back our vendor application.