Frequently Asked Questions
How can leasing help my business?
Leasing will assist you in expanding your IT solutions budgets. Monthly payments versus larger up-front payments translate into lower expenses and more buying power. Financing will also improve liquidity, allowing you to keep more cash on hand. It can also allow you to preserve existing credit and to qualify for other financing.
How long is an approval from AEL good for?
Approvals are good for 90 days.
How long is the quoted rate from AEL good for?
Rates are effective for 30 days.
Who is eligible to finance IT solutions through AEL Financial?
AEL provides financing for all Sony-authorized partners and resellers to provide AV/IT financing in the following categories:
• Small-medium businesses
• Large enterprises with more than 1,000 employees
• Education, state and government
How long does it take for an AEL lease application to be approved?
For small-ticket transactions under $100,000: Once you submit your online credit application, a credit decision will be instantaneous - in less than a minute. The automated system will either provide an "Instant Approval" or it will create a "Pending File."
• Instant Approval: You are ready to proceed in acquiring and implementing your IT solution
• Pending File: A credit analyst will review your submitted file and make a decision within 24 hours
What is required to apply for an AEL lease?
• For equipment costs less than $100,000: AEL will need only a credit application
• For equipment costs greater than $100,001: AEL will need a credit application plus three years of audited (or CPA reviewed) financial statements and the latest interim statements
Note: If your company is publicly traded, only your company name, cost and lease term will be required.
Who should I contact for general information about AEL leases?
Call AEL Financial directly at 866-679-7971 or e-mail applications@aelfinance.com.
What are AEL Financial's hours of operation?
Our hours are 9:00 a.m. to 8:00 p.m. EST.
How long does it take to receive my AEL lease documents?
Upon approval and receipt of sales order, lease documents will be e-mailed within 24 hours.