Supplier FAQ’s
Q: How long does it take to get my customers approved for finance?
A: Normally this can be done within 24 hours. Provided all the credit information is available.
Q: What information will be needed to submit a proposal for finance?
A: Details of the equipment being acquired, the price, the term and the customers contact details.
Q: Do we need to handle all the paperwork?
A: Not unless you want to, Finance Options can do all this for you.
Q: Do I need to be licensed to offer finance?
A: If you are offering finance to Sole Traders or Partnerships, you will need to obtain a ‘Consumer Credit Act’
licence. Category ‘C’. Details and an application form is available from the Office of Fair Trading. See the link
below.
Q: How quickly do we get paid?
A: As soon as the agreement is signed, all acceptance conditions have been met, you have delivered the equipment to the
customers satisfaction, you should receive payment within a few days.
Q: Do we have any risks after a customer is accepted and the agreement starts?
A: No, provided you have fulfilled your supply obligations the risk is with the finance company.
Q: Can we include the cost of maintaining the equipment?
A: Yes, there are special agreements where this can be done. See the maintenance section.