New Semi Truck Loan Program
For now, our bank has been pretty aggressive on trucking equipment that is 3yrs old or newer:
7%-11% APR for existing businesses
11%-13% for Startup Truckers
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
-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.
Leave a Reply.