OUR SOLUTIONS
Welcome to Trucking Funder, we're glad you've stopped by but we know you're here for a reason. You're probably trying to determine if you qualify for Commercial Truck Financing right? We've created a list of our 5 programs. The first 3 Tiers are for Businesses with more than 2 years time in business. Our other 2 Tiers are for Start-up Businesses. Please see below
Business Programs
Tier 1 Financing
Applies to Businesses that has 2 years Time in Business or more and the Owner or Owners of the company must have at least a credit score of 680 or Higher to qualify for Tier 1 Pricing. Normally App Approvals will come with 100% Financing but could require up to a 10% down payment if one is required.
Tier 2 Financing
Applies to Businesses that has 2 years Time in Business or more and the owner or owners have less than a 680 credit score but has a score above 550. Apps will normally come with an approval ranging from a 5-15% down payment
Tier 3 Financing
Applies to Businesses that has 2 years Time in Business or more and the owner or owners credit score falls below 550. Down Payment Requirements will be higher, ranging from 25-50% Down with possible age restrictions on the Truck being purchased.
Startup Programs
Tier 1 Financing
Applies to our Startup Clients who has been in business less than 2 years. If you the owner or owners have Relevant Industry or Military Experience along with a 680 credit score or higher, you can qualify for financing with a down payment requirement ranging from 5% to 25%.
Tier 2 Financing
Applies to our Startup Clients who's been in business less than 2 years and has no relevant industry experience. In this case your credit score doesn't play a major part in the terms you'll qualify for. You'll have a down payment requirement ranging from 25-50% .
LEASE PROGRAM
Our Lease Program that’s provided through one of our preferred lenders can be used by trucking companies who are facing some of the following challenges: Startup, Investor, Lack of Relevant Industry Experience and Challenged Credit.
- Borrower Qualifications: Needs to provide a 30% Refundable Security Deposit
- Equipment Qualifications: -Minimum funding amount is 100k -Truck Age: 2021 or 2022
- Truck Types: Box Trucks & Sleepers
- Available Terms: 60 Months – Monthly payments from $1900 – $2300 – Purchase Option Available at the end of the term
- Benefits: – Newer Equipment – Possible Tax Benefits with your Lease Payments – Your 30% Security Deposit will be returned at the end of your term if you choose not to exercise your purchase option