How To:  Convert a Loan to a Purchase

You have already entered a purchase requisition for your accepted piece of Capital Equipment. Convert your loan to a purchase:

1. Inform your DPA that you would like to convert your loan into a purchase
2. Provide the 8-digit purchase order number to your DPA

1. Create a HelpSU ticket
2. Complete the contact information or click the auto-fill via WebAUTH link
3. Include a description explaining that a loan exists and the department would now like to purchase the capital equipment
4. Include the 8-digit PO number for the loan
5. Specify the Stanford-owned capital expenditure type that will replace the previously used expenditure type, if the asset is Stanford-owned
   
   
   Note:  Please reference the Stanford-owned expenditure section of the Common Expenditure Types Used for Property and Equipment List.
   
   
6. Click Submit Help Request