BEFORE SUBMITTING THE DEAL
• Pre-sell collateral requirements & approximate payments to the applicant.
• Increase your closing rate by using a LEASE PROPOSAL.

SUBMITTING THE DEAL
• Organize submission and expedite credit review with our APPLICATION CHECKLIST
• Submit filled out and signed customer CREDIT APPLICATION
• You do not have to use Dakota's application if your customer has already
   filled one out.
• Submit vendor bill of sale/ invoice/ spec sheet or specifics on what customer    would like to lease.
• Submit detailed collateral asset list (this can be in any format, including
   our PERSONAL FINANCIAL STATEMENT).
• Submit applicant credit bureau. (If not submitted, Dakota will pull
   a TransUnion).

APPROVING THE DEAL
• Once Dakota has the required basic information, we will send an official approval   letter for you to review with the customer.
If your customer accepts the offer, he or she will need to sign and return the letter
  along with his or her non-refundable processing fee.

DOCUMENTING THE DEAL
• The approval letter will list any additional items required to fund the transaction.
• Have customer pay all upfront fees to Dakota via ACH or with
   certified funds.
• Submit finalized copy of vendor invoice for equipment being funded. (sold    to Dakota Financial, delivered to the customer)
• Submit information about additional collateral: copies of titles, bills of sale,
   serial #s, VIN #s, etc. Ownership of all non-titled equipment must be
   verified, if applicable.
• Submit 3 months’ bank statements to verify financial information.
• Dakota will order any necessary equipment inspections and/or
   UCC searches.
• Dakota will order any necessary appraisals, title searches,
   mortgages/deeds of trust (real estate deal).
• Dakota conduct a short phone interview with the customer confirming
   transaction details.

FUNDING THE DEAL
• Return all signed documentation originals.
• Evidence insurance with Dakota as loss payee/additional insured for all
   equipment in the transaction including additional collateral.
• Have applicant add Dakota’s lien(s) to title(s), if applicable.
• Make sure applicant has paid any required advanced payment or agreed
   upon security deposit.

AFTER FUNDING
• Dakota will send broker commission upon receiving a copy of the
   customer's signed equipment Delivery & Acceptance form.
• Commissions are based off of the net equipment funding only. This
   does not include additional fees or deposits.