The practical answer
Validity depends on the quotation and lender approval, and the two may have different expiry dates or conditions.
Ask what period applies to price, credit approval, asset specification and supplier. Changes in the business, transaction or delivery date may require confirmation before funding.
Keep a record of the stated conditions and check again if the purchase is delayed. A calculator estimate or earlier conversation is not a permanent offer on unchanged terms.
Commercial finance is subject to status, lender approval and the specific asset and transaction. The right structure depends on the complete circumstances of the business.
What should I do next?
Have the asset details, supplier information and an outline of what the business needs ready. DCF can then discuss the requirement and identify which lenders may be suitable.
Read: Compare finance structures →