Step 1

Obtain a Quotation
Email a Financing Solicitation to us, or complete and submit our Financing Request Form. A quotation, subject to credit review, will be submitted to you via email or fax within 48 hours.

Step 2

Credit Review and Documentation
After we have received your acceptance of our proposal, we may review your campus’ financial and budgetary information, as well as equipment or project information.

Upon approval, we’ll prepare the CSU Program Documentation and transmit them to you via email or fax. You can then cause the documents to be signed and returned to Providence Capital, along with a copy of the supplier(s) Purchase Order or Work Order. We will then contact the supplier(s) to request invoice(s).

The Invoice for the initial remittance under the financing will typically accompany the delivery of the original financing documentation if the first payment is less than 60 days away. This is done so that you can input the necessary Payee Information into your A/P systems for processing. This helps to ensure a smooth and timely beginning of the financing.

Step 3

Supplier Invoices
The financing transaction is similar to an all cash sale between your agency and the supplier(s).  The supplier invoices your agency and provides an original copy to Providence Capital.  The invoice is completed with the “Sell To:” and “Ship To:” areas filled in with the name and address of your Campus department, along with all other salient information (make, model, serial #s, etc.) pertaining to the sale.  (Providence Capital’s name does not appear on the supplier invoice).

Step 4

Acceptance and Closing
We will contact you to confirm that the equipment or project being financed has been installed and made operational, and that all is in working order.  Upon confirmation of your agency’s acceptance of the equipment or project, Providence Capital will fund the full amount payable per the Suppliers invoice(s).