Applying for Financing

What is a UCC-1 financing statement?
Understanding Documentation Fees

A Uniform Commercial Code-1 (UCC-1) financing statement is a legal form that a creditor files to give notice that it…

How does PEAC Solutions decide whether or not to approve my loan or lease?
Application FAQs

Credit decisions can vary depending upon the individual business and its industry, credit rating, time in business, borrowing experience, etc.…

How To Verify Your Tax Exempt Status
Applying for Financing

If your organization is tax-exempt, please inform the vendor sales representative and provide your tax documentation at the point of…

All About DocuSign
Applying for Financing

Docusign is an electronic service PEAC Solutions uses for quick, convenient and paperless document execution. Using Docusign allows PEAC Solutions…

Why was I charged interim rent?
Fees and Charges on Your First Invoice FAQs

After we confirm that the equipment has been delivered and we’ve received all of the required documents, your equipment supplier…

Why was I charged sales tax on property tax?
Fees and Charges on Your First Invoice FAQs

Under the terms of the lease, a lessee is reimbursing PEAC Solutions for property taxes paid on the lessee’s behalf.…

Why was I charged a tax administration fee?
Fees and Charges on Your First Invoice FAQs

Many local jurisdictions assess an annual tax on tangible personal property. The lessor, as the owner of the equipment, pays…

Why was I charged an application or administration fee?
Fees and Charges on Your First Invoice FAQs

PEAC Solutions does not charge an application fee. We may charge a fee to compensate us for processing the documents…

When can I apply for additional Working Capital Loan funds?
Apply for Additional Financing, Working Capital Loan Payment and Account Information

You can apply for additional funds or renew your Working Capital Loan once you are 50% through with your term…

What’s next once I’m approved for Equipment Financing?
I'm Approved What's Next

Once you are approved for Equipment Financing, the dealer is paid and you will receive the equipment. At the end…

Will this impact my credit?
Applying for Financing

Proving your personal credit to PEAC Solutions will most likely show up as an inquiry on your personal credit bureau.…

Financing Timeline
Applying for Financing, Your First 30 Days

Life of a Financing Agreement Timeline You select your equipment (if applicable*) and desired financing solution. The application is either…