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Your Source For Equipment Financing & Working Capital
Ever Wonder Why Approvals Expire?
Did you ever wonder why lending companies offer approvals with an expiration date?
Most people would say has to do with the possible changes in credit over time, but this is not always true. It has to do more with the funds being reserved for that certain business.
When a lender provides and approval, those funds are then set aside for that one customer and can’t be accessed or offered to anyone else. This is done in order to minimize risk, but at the same time maximize the lending potential. Lenders will reserve funds for any customer or business for up to 90 days. Within that time a customer can access those funds before that approval expires.
Should the approval expire, the customer can opt to extend the approval or choose to void the approval. If the customer voids the approval those funds would then be available to another prospective customer in need of equipment for their business.
If you are interested in obtaining equipment or a small business loan for your business, or would like to l earn more please give us a call and talk to one of our account managers today.
More About Us
Headquartered in Raleigh NC, Tri-Lease is a fully diversified financial service provider, helping level the playing field for small businesses all across the United States. Since 1992, our lending resources have helped thousands of small businesses obtain the funding needed to invest in equipment. We are now pleased to have this chance to earn your business. So, let’s get started and work on something together.
Still have questions? Please give us a call, and we will be happy to assist you.
Helping You Get Equipment for Your Business
Call us at (866) 590-2220 for a free quote.
Tri-Lease LLC
1780 Heritage Center Drive, Suite 202
Wake Forest, NC 27587
CONTACT US
Toll Free: (866) 590-2220
Local: (919) 554-1080
Fax: (919) 882-8816
Tri-Lease provides equipment financing and small business loans to the following industries: Transportation, Fabrication, Manufacturing, Construction, Farming, Automotive, Food Service, Audio Visual, Electrical, Signage, Health Care, Hospitality, Laundry, Travel, Industrial Cleaning, Packaging, Labeling, Printing, Business Technology. Security, Fire Protection, Telecommunication, Retail, and more.
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