The Basic Steps of the Financial Process are:

  • Obtain quote for equipment from qualified vendor
  • Credit process (submission of credit application and financial information)
  • Legal contract specific to transaction issued
  • Lessee executes contract and returns to Sparta with any additional items required
  • Sparta obtains vendor invoices and MSOs (where applicable), and verifies insurance coverage
  • At equipment delivery, lessee ‘accepts’ equipment and authorizes Sparta to pay vendor on their behalf
  • Lessee makes payments directly to Sparta or its assigns in accordance with payment schedule through contract maturity