Posts Tagged ‘credit’
Conventional Financing And Leasing For Construction Equipment, Trucking, Medical Equipment, Agriculture Equipment, And Franchises, Minimal Credit 680
Conventional financing and leasing, for new and used equipment, is still available for credit scores higher than 680 for construction equipment, trucking, medical equipment, agriculture equipment and franchises. There are application only programs up to $75,000 with full documentation packages up to $250,000. This lender is very disciplined in its lending requirements and will qualify only applicants that meet their standards.
This lender requires that a business must be established for at least three years. Additionally, this lender will consider irregular payment structures on a case by case basis.
Additionally, this lender has some repo and off lease equipment available to applicants that don’t qualify for their normal lending practices. These off lease and repos will offered out with less stringent credit and lending requirements.
Check out the program structure, credit and asset guidelines and the asset and industry restrictions as well below. There are many financing and leasing programs below a credit score of 680.These are great financing programs as well..
Happy hunting for your conventional financing for construction equipment, trucking, medical equipment, agriculture equipment and franchises.
Program Structure
Application-only transactions from $5,000 to $75,000
Transactions from $75,000 to $250,000 require a full financial package: Two years’ tax returns or business financial statements
Interim financial statements
Personal financial statements for all owners
Two years’ personal tax returns for all owners
Discounting available for approved lessors and with approved documents
Terms 12 to 60 months
Approvals are good for 20 days. Approvals may be extended upon request.
Irregular payment structures (semi-annual, deferred, seasonal, balloon payments) are considered and will require up front credit approval
Sale/leasebacks are will not be considered
Credit Guidelines
Minimum personal guarantor credit score of 680.
Minimum time in business of 3 years
Minimum Equifax business credit score of 480 and minimum D & B Paydex score of 65.
Corporation-only transactions considered for publicly traded companies only; however established companies may be considered with good financial statements and business credit scores.
All individuals with at least 10% ownership are required to personally guarantee.
A signed credit release is required in order to pull credit.
Asset Guidelines
Trucks and trailers ( model year 2001 and newer )
Construction Equipment- includes cranes, wheel loaders, crawlers, dozers, backhoes, skid steer loaders, excavators, etc.
Agricultural Equipment
Vocational Equipment
Limos ( 48 month term max. )
Furniture
Tow Trucks
Doctors Equipment ( must be licensed physicians )
Forklifts
10. Landscape Equipment ( zero turn mowers )
11. Franchises
12. Restaurant Equipment (serialized )
Assets and Industry Restrictions
Generally, only “hard” assets will be considered
No real estate or items permanently attached to real estate
Restaurant equipment for established franchises only
No airplanes and boats
No Computers and software
No direct to garment printers
No televisions and select audio/visual equipment
No hotel FF & E
No exercise equipment
10. No medical equipment to non-licensed physicians
11. No residential contractors or construction companies. Commercial and utility contractors are OK.
12. No real estate development companies
13. No timber or logging
14. No long haul trucking companies
Rick has over thiry years in the financial field, including leasing, working capital and hard asset money loans, and commercial lending.
U.S Corporate Capital Leasing assists the start up and seasoned business for financing in all different industries….
http://www.cclgequipmentleasing.com/lease_construction.htm
http://www.cclgequipmentleasing.com/truckfinancing.htm
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Tags: Agriculture, agriculture equipment, B Paydex, Business, Construction, Conventional, credit, E No, Equipment, Financing, Franchises, Leasing, Medical, Minimal, personal financial statements, personal tax returns, Rick, Trucking, U.S Corporate | 
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Semi Trucks, Big Rig Trucks, Over the Road Trucks, Work Trucks Financing Updates
There are many semi trucks, big rigs, over the road trucks, tractor semi, work trucks, new and used, financing program updates for the New Year. These financing programs are offered to the start up and seasoned business without good credit and/or a lot of front money for a down payment. Additionally, the paperwork requirements for these available programs are minimized as well..
PROGRAM DETAILS……START UPS WELCOME
1) We have lending programs for semi trucks, big rigs, etc without a credit check. This is a great opportunity for the start up and seasoned business with a down payment and can’t qualify because of bad credit…..You must select a semi truck out of the lender’s inventory.
2) We have a semi truck lending program that requires a minimum credit score of 550. This lender has an inventory that has semi trucks 2004 or newer with great financing terms. Additionally the minimum down payment starts at $4000 and accepts start ups. Full paperwork documentation isn’t required…
3) We have another lending program which includes over 500 trucks, construction equipment and trailers that require a minimum credit score of 550. The down payment required is somewhere between $1000-5000 down. The trucks, equipment, and commercial trailers are anywhere from 1998 to 2008.. Once again you must select an item out of the dealers inventory.
4) If you have a credit score of 600 and higher, there are conventional financing programs available for all types of trucks, including dump trucks big rigs, work trucks, construction equipment, commercial trailers. Etc. The down payment requirements can run anywhere from 10-30%. Start Ups should have a credit score of 650 or higher.. In conclusion, you can find the acquisition and bring it us and we will assist in the financing process.
5) We also have financing available for poor credit for hard assets. This financing doesn’t focus on the credit score but the underlying additional credit you are offering…. Free and Clear Assists such as dump trucks, bulldozers, excavators etc would be examples of qualified assets that could be used as additional collateral..
Check out our web pages below, Many of our dealers have repos for sale
There are over 1000 items available for sale to the start up and seasoned business to either expand a business or start one up. These economic times have given businesses a unique opportunity to acquire trucks, commercial trailers and construction equipment at special pricing and financing.
The following is a list of trucks, trailers and construction equipment available:
Tractor Trailers, Semi Trucks, dump trucks, day cabs, expeditor trucks, hot shot trucks, grapple trucks, delivery trucks and vans, cargo vans, car carriers, all types of medium duty trucks, asphalt and paving equipment, forestry equipment, excavators, skip loaders, skid steer loaders, off highway trucks, used semi truck and sleeper truck, big trucks etc
Happy hunting for your work truck, construction equipment and commercial trailer and its related financing
CHECK OUT OVER 1000+ TRUCKS, TRAILERS AND CONSTRUCTION EQUIPMENT BELOW
Rick has over thiry years in the financial field, including leasing, working capital and hard asset money loans, and commercial lending.
U.S Corporate Capital Leasing assists the start up and seasoned business for financing in all different industries.
http;//www.cclgequipmentleasing.com/semi_trucks.htm
http://www.cclgequipmentleasing.com/work_trucks.htm
Posted in Info |
Tags: commercial trailers, credit, Equipment, Financing, Over, paperwork requirements, Rick, Road, Semi, Trucks, U.S Corporate, Updates, work, work trucks |
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