Finance Process

Our equipment financing process is designed to help us quickly respond to your business needs because we know that your time is valuable. We have been providing the best opportunities possible for businesses since 1981. If you have any questions about our process, please contact one of our leasing specialists today at 800-574-6261.

Step 1: Discuss your needs. We take a look at your unique situation and determine the best possible solution to fit your needs. This is usually done with a short initial phone conversation.

Step 2: Application. We will email and application to you or just take the information over the phone depending on what works best for you. With this, we will be able to dive a little deeper into your financial situation so we can customize a proposal for your company.

Step 3: Proposal. After we review your application we will customize a proposal with your payment and terms. This will blend your business needs with your current financial situation. Generally we will get this to you within 48 hours after the application is taken.

Step 4: Additional Documentation. With some leases we will need additional paperwork from your company. This could include financial statements, tax returns, credit release, etc. We do have application only programs for qualified equipment and businesses. Usually this step can be completed 48 hours after the signed proposal is returned to The OCM Financial Group.

Step 5: Vendor Approval. Whether you are purchasing your equipment from a large corporation or a private seller, we will need to get some more information from your vendor. This may include a detailed invoice, shipping information, and where they would like their money sent. Generally this process takes 2-3 days.

Step 6: Get Funded. After all the previous steps are completed, we will get your financing documents out for you to sign. After we receive all the documents we will be able to fund your purchase! This usually take between 3-5 days.