Question 1

What happens after equipment is selected?

Accepted Answer

The buyer and dealer establish the purchase details and assemble transaction materials. ADI prepares the financing file and submits it to a lender partner. That lender underwrites, decides whether to approve, sets any terms, and funds an approved transaction.

Question 2

What might a buyer need to provide?

Accepted Answer

Illustrative buyer materials may include a lender application and business or owner information or supporting records, such as financial, tax, or ownership records, when the selected lender requests them. The list is not exhaustive, and the lender sets the final requirements.

Question 3

What might a dealer need to provide?

Accepted Answer

Illustrative dealer materials may include an equipment quote, sales order, or invoice, plus equipment and transaction details the lender needs to review the purchase. The selected lender sets the final requirements for each transaction.

Question 4

Does every lender require the same documents?

Accepted Answer

No. Document and application requirements vary by lender and transaction. Any examples on this site are illustrative, not a universal checklist; the selected lender determines what is required.

Question 5

What does ADI do with the financing file?

Accepted Answer

ADI Capital Equipment organizes the transaction materials and submits the file to a lender partner. ADI is not the lender and does not make the underwriting or credit decision.

Question 6

Who decides whether to approve and what terms apply?

Accepted Answer

The lender partner underwrites the file, decides whether to approve, sets any terms, and funds an approved transaction. ADI does not guarantee approval or rates.

Question 7

Does a borrower pay ADI an advance fee to obtain a loan?

Accepted Answer

Borrowers are not charged an advance fee to obtain a loan. ADI earns a commission or fee from the funding source when a transaction funds.

Question 8

Is the financing inquiry a credit application?

Accepted Answer

No. The inquiry form is for initial contact and basic equipment purchase details; it is not a credit application. Do not submit sensitive application answers or documents through the inquiry form.

Question 9

How should I send requested application documents?

Accepted Answer

Do not send application documents through the financing inquiry form. After the initial inquiry, ADI coordinates the selected lender’s requirements and handoff method for any requested materials.

Question 10

Does ADI lend, lease, or sell equipment?

Accepted Answer

ADI does not lend or lease in its own name, hold client funds, carry equipment inventory, or guarantee approval or rates. Lender partners make financing decisions and fund approved transactions.