Applying for Financing

Why can’t I change my email address?
Online Application FAQs

Unfortunately, we are unable to change your email address while an application is in progress. You will be able to…

Can I provide you with online access to my bank account?
Online Application FAQs

We do not currently provide this feature. We are working on implementing the ability for customers to provide bank statements…

What file size and file format do you accept?
Online Application FAQs

We would prefer a PDF file downloaded from your online banking portal. Scanned or photographed statements may cause a delay…

I’m a sole proprietorship. Can I use my personal checking account?
Online Application FAQs

We require that you provide statements from a business checking account to apply for a working capital loan. This must…

What if I have multiple banking accounts?
Online Application FAQs

Please provide the bank statements from the primary business checking account for your business that shows your business’s revenue and…

Can I apply if I have existing working capital loans?
Online Application FAQs

If you have existing working capital loans, you may still apply. If approved, you will need to provide details of…

Can I apply for financing before selecting an equipment dealer?
Online Application FAQs

Yes, you can apply and be pre-approved for financing while you are still shopping for equipment at various dealers. Please…

Can I apply for more than my pre-qualified or pre-approved amount?
Online Application FAQs

Our offer amounts are indicative of the amount of financing we expect to be able to approve, before reviewing your…

I’m pre-qualified or pre-approved for equipment financing. So why can’t I apply for a Working Capital Loan?
Online Application FAQs

Possibly. Unfortunately, based on the information we available to us, sometimes your business is not eligible for our working capital…

Why is my pre-qualified offer larger than my pre-approved offer?
Online Application FAQs

Pre-qualified offers are an initial estimate of the amount of financing we expect to be able to provide based on…

What’s the difference between pre-approved and qualified offers?
Online Application FAQs

Both pre-approved and pre-qualified offers are based on your business’ prior history with PEAC Solutions and recent credit information. Pre-approved…

When would I receive my equipment (or software)?
Online Application FAQs

PEAC Solutions’ entire process can take less than a day. However, we only cover the financing part of your purchase.…

How short or long are your payment terms?
Online Application FAQs

Our terms typically range 24-60 months for our equipment financing solutions. Our Working Capital Loan product is short term and…

When would my bill be due?
Online Application FAQs

Generally speaking your first invoice generates due 23 days after your documentation is complete. Other factors contributing to your due…

Will my final monthly payment be different from my quote?
Online Application FAQs

The quote is meant to give you an idea of what your monthly payments could be. When you apply, other factors including…

How is my quote calculated?
Online Application FAQs

The estimate you see after using our calculator is based on an average credit rating. When you actually apply for…