Financing

Managed IT and Engineering Solutions

CISCO SYSTEMS CAPITAL

LoneStar Wimax Internet LLC in partnership with CISCO SYSTEMS CAPITAL has added financing and lease options for capital, operating and installation services. CISCO SYSTEMS CAPITAL is more than an ordinary finance company. As Cisco’s own finance partner we are uniquely positioned to become your technology financing partner of choice.

Leasing offers the following advantages to customers:

	Accelerate adoption of state-of-the-art network technology with minimal initial investment and predictable, manageable payments.
	Conserve valuable capital by spreading the costs of technology over time, preserving lines of credit, and freeing liquid capital for other investments.
	Reduce total cost of ownership by applying financial services management across the entire life-cycle of the solution, ensuring benefits from the most up-to-date technology at the lowest cost.
	Simplify budgeting by enabling using operating expense (OpEx) budgets to acquire capital equipment now.
	Reduce impact on book earnings, since lease payments are made from pre-tax rather than after-tax earnings and, unlike capital purchases, require no public disclosure.
	Protect against obsolescence and financial risk, allowing the ability to continually upgrade to state-of-the-art technology (even during the lease term), without large new capital investments.
	Lease with maximum flexibility using payment schedules to match cash flow, budget, and ongoing technology upgrade requirements.
	Simplify technology acquisition with a fast, easy documentation process and the ability to combine solutions, software, and services into a single periodic payment.

Credit Approval Process

Lease Documentation Process (Note: these steps are not linear and may happen in tandem)
1 -	Product Quote Cisco channel partner and Cisco sales team generate product quote.
2 -	Financing Quote Along with the product quote, the partner or lease manager will generate a financing or lease quote. A. Pricing is based on the specific configuration and lease type requested B. Pricing is subject to final credit approval.
3 -	End-Customer Financing Decision Once the end customer agrees to the lease quote and pricing, the customer or partner engages the Cisco Systems Capital Lease Manager to complete the credit approval and to process the transaction. The partner provides Cisco Systems Capital with: a) Detailed product quote b) Customer credit application or financial statements, and/or c) Customer purchase order issued to partner
4 -	Credit Evaluation/Confirmation and Notification Cisco Systems Capital completes and/or confirms credit evaluation and notifies partner and end customer of decision.
5 -	Pricing Lease Manager confirms final pricing per Cisco Systems Capital pricing model.
6 -	Documentation Cisco Systems Capital drafts financing documents with the quoted rate factors and sends them to the end customer via e-mail for execution. Customer executes lease documents and returns all documents to Cisco Systems Capital using FedEx, or fax with express mail to follow.
7 -	Order Processing Cisco Systems Capital reviews the executed documents and executes order with the partner who then executes an order from Cisco, directly or through a distributor.
8 -	Reconciliation Upon receipt of invoices, Cisco Systems Capital confirms equipment shipped and forwards certificate of acceptance to the end customer.
9 -	Funding Upon receipt of the executed certificate of acceptance, Cisco Systems Capital will submit a request to fund the equipment invoices and commence End User lease.
10 -	Customer Invoicing Cisco Systems Capital invoices customer monthly for rental payments.