With respect to the processing of a typical transaction, the flow of information would be as follows:
The dealer would have a lease application completed and submitted online by the prospective customer;
The dealer would be notified electronically of the approval or rejection typically within 24 to 48 hours depending on the response time of the credit references;
Upon approval, the dealer would electronically submit an invoice showing Access Capital Corporation as the “Sold To” party and the customer at his address as the “Ship To” party;
Once the invoice is received lease documents would be prepared and either sent electronically or overnight mail to the customer for signature;
Upon receipt of the executed documents, a check is sent, typically the same day, to the dealer.
