Truck Purchase Financing
We can help companies purchase trucks.
Terms of Lending
The minimum transaction size should be from $5000 up to $100M.
Rate and terms will vary according to credit, time in business, industry type, and type of equipment being financed. We have rates as low as 4.99 and as high as 35%, with terms being from 1 year to 10 years.
We offer Rent to Own, EFA Leases, Asset Based Loans, $1 Buy-Out, FMV, and Walk Away transactions.
Through our vast partnerships, we can offer equipment funding to as low as a 450 credit score. The better the score, the better the rate and terms you will receive.
The majority of our programs have a 24 to 48 hour turnaround time from start to funding. More significant transactions and equipment refinance transactions require additional processing time.
Our sales leaseback program allows us to purchase your equipment, then lease it back to you. Typically, sales leasebacks are up to 80% of the forced liquidation value of your equipment. Not all equipment qualifies.
Our typical credit package consists of a lease application, a personal financial statement, the quote or invoice for equipment being purchased, a list of existing collateral/equipment, and depending on credit quality. We may require three months of bank statements.
For deals in excess of $100,000, we may require additional corporate financials, such as personal and business tax returns.
Equipment May Include
Max mileage will be verified - 600K with 3-5 trucks and 750K 6+ trucks. The maximum age of trucks to be financed shall be nine years.