What are the credit score requirements?
Min credit score required is a 650 FICO.
What are the interest rates?
Interest rates are based on many different variables but typically fall between 13.5% -19.9%.
Do you charge early pay off fee's?
No. We do not believe in hidden fee's or any other ridiculous fee's you may see with other private lenders. We do charge a flat documentation fee that is wrapped into the loan.
Do I have to purchase equipment from a dealer?
No. We finance equipment from private sellers all the time. We will evaluate the equipment as needed to help ensure you, the buyer, are aware of any potential issues or discrepancies.
Are there limitations on age of equipment or miles?
We base all decisions on a case by case. We do specialize in older model equipment and take into consideration many factors including maintenance records and overhauled equipment. Remember, this is our specialty.
How much of a down payment do I need?
Minimum down payment required is 10% but can be more depending on a number of factors. Again, we look at every case individually. There is not a "one size fits all" mentality here!
What kind of terms can I expect?
Terms can range anywhere from 12 months to 60 months depending on many factors including, age of equipment and amount financed. We have built our business around the crazy idea of "setting you up for success". When you succeed in life and business, we do too. Remember, we do not charge "early pay-off fee's". EVER!
Have other questions or comments? Just give us a call and we will be happy to help...