For now, our bank has been pretty aggressive on trucking equipment that is 3yrs old or newer:
Rates: 7%-11% APR for existing businesses 11%-13% for Startup Truckers Down Payment: 0%-5% down payment for existing businesses 5%-10% down for startups Here are the rules: -2017 or newer truck (as of 1/1/2020) -min 650 Experian Score with little or no derogatories (this program is for clean credit) -We will finance sales tax and FET Turn Around: -Application + Sales Quote up to $400k (financials needed beyond $400k) -1-2 business days to turn around an applicaiton As always this is only one of our programs; we have others for folks outside these criteria. -Spencer
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