Truck Fleet Funding
Truck Fleet Funding
We recognize that there is a major need within the trucking community for sourcing capital. We recently introduced a Subprime Truck Equipment Finance Program. Soon thereafter we rolled out additional programs leading to a suite of alternative Truck Funding solutions.
Non-Resource Factoring | (No Passenger Vehicles Allowed – i.e. Buses, etc.)
• Factor outstanding invoices to alleviate cash fl ow constraints
• Removes liability from client once the invoices are “sold” to the factor.
• This method is more expensive, however many in the trucking indutry prefer it.
“A” Paper Equipment Financing/Leasing | (Where signor/co-signer credit exceeds 700+)
1. “A” Paper Equipment Leasing | (See Equipment Leasing Product Info Sheet for Details)
2. Business and Personal Revolving Lines of Credit | (See LOC Product Info Sheet for Details)
3. Business and Personal Loans | (See Business and Personal Loans Product Info Sheet for Details)
Subprime Equipment Financing/Leasing | (No Passenger Vehicles Allowed – i.e. Buses, etc.)
• Works for New/Used Equipment for Vocational Use i.e. Tractors, Trailers, Box/Dump Trucks etc.
• All credit profi les considered – most are approved. (Start-Ups considered)
• Funding Amounts range from $5,000 – $200,000+ | Can include multiple pieces of equipment
• Structured as “No Buy-Out Lease” (Borrower owns equipment outright end of 24-48 mo lease)
Fleet Fuel Card Programs | (Valuable add-on for existing clients)
Small Business Fleet Card – (Great for most local gasoline & diesel fleets)
• Accepted at over 98% of all fuel stations | 1% Rebate at thousands of locations
• No setup, card, or ongoing fees | Easy to use online system that saves time and money
Over The Road Fuel Card – (Combines great fuel pricing w/ cash advance, factoring, tires, & fl eet)
• Accepted at 6,000 truck stops nationwide | Discounts at over 1,500 locations
• No membership, card, or montly fees
Mixed Fleet Fuel Card – (Great for small diesels using local stations & large diesels at truck stops)
• A single card for the entire company | Discounted fuel at thousands of sites
• Cash price or better at all truck stops