PEAC Solutions - Commercial
PEAC Solutions is our commercial lender option, this means their financing is exclusively for commercial businesses, retail stores, restaurants, and churches. To qualify you must have been in business for at least 2 years. You can apply for PEAC's commercial financing here.
Enrollment Process -
PEAC actually has one of the simplest enrollments of our lenders. Once your application has been submitted and you happen to meet the qualifications, you will receive your approval for PEAC.
Upon enrolling in the program, you will be approved for one of three payment plans:
100% payment upfront
50% advance payment upfront
Payment in full upon delivery and installation
All payments are made by Direct Deposit via ACH typically within 24 hours of agreement execution and/or installation.
And you're done! That's all there is to PEAC's enrollment!
Getting Set Up -
There isn't anything to manually set up in PEAC, but you should take the time to look over some of our Help Center articles. Most notably:
Transacting With PEAC: Look below at First Transaction! A detailed look at PEAC's qualifications for customers.
Marketing PEAC's Commercial Financing: Selling the idea of commercial financing to your customers can be difficult, but this set of marketing resources can help you close those deals.
First Transaction -
As with every other lender, in order to start an application for your customer you'll want to go to Estimate & Apply from the Home screen.
Input a loan amount: Select PEAC as the financing option. You will now be able to see the estimated monthly payments based on PEAC's terms (36 and 60 months). These 2 terms are meant to be informative, but neither you nor the consumer will have to select one in order to proceed.
EasyLink: Your customer will be able to proceed to fill out the application on your device if you have hit Next or will receive a text or email with the link to get started if you have sent an Easy Link instead.
Application Process: The application process will be handled through PEAC's portal from here.
PEAC's Decision: Once the application is filled out and the consumer has agreed to the terms and conditions, a financing decision will be made in as little as 15 minutes, but it can take up to 4 business hours. Both the consumer and you will be notified by Marlin through email once a decision is made.
Getting Paid: As previously stated above, getting paid will depend on what Payment Term you were approved for. In the end you'll be paid via direct deposit within 24 hours of agreement execution and/or installation.
Now that you've completed your first transaction, you can comfortably utilize PEAC's commercial financing. If you ever have any trouble using PEAC on Finance+, check out our Help Center or reach out to us via Intercom or calling our office at (786) 375-9482.
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