Loan Qualifications |
Loan Amount |
Time in Business |
Personal Credit Score |
Checking Account Balance |
| $5,000-$34,999 |
1 Year |
630 |
$1,500 |
| $35,000-$74,999 |
3 Years |
650 |
$5,000 |
| $75,000-$150,000 |
5 Years |
650 |
$8,000 |
|
|
 |
| |
- $15,000 - $50,000 credit line on application only basis without specified equipment
- Simple, 1 page application
|
Loan Qualifications |
Loan Amount |
Time in Business |
Personal Credit Score |
Checking Account Balance |
| $15,000-$24,999 |
3 Year |
700 |
$4,000 |
| $25,000-$34,999 |
5 Years |
715 |
$7,000 |
| $35,000-$50,000 |
5 Years |
725 |
$7,000 |
|
| |
 |
| |
- $5,000 - $250,000 loans available without having to provide business financials or tax returns
- Simple, 1 page application
- Secured by equipment assets
|
Loan Qualifications |
| Program |
Minimum TU FICO |
Time in Business |
D & B Data |
Finance Amount |
Term Length |
Residuals Available |
Financing Types Available |
| Tier1 |
725+ |
5 Years |
Strong |
$5,000 to $500,000 |
36-60 Months |
$1, 10% - 20% |
TRAC, or $1 out |
| Tier 2 |
680 |
3 Years |
Strong to Moderate |
$5,000 to $250,000 |
36-60 Months |
10% - 20% |
TRAC |
| Tier 3 |
600 |
3 Years |
Strong to Moderate |
$5,000 to $125,000 |
36-60 Months |
10% - 20% |
TRAC |
| Start up |
680 |
0 Years |
Strong to Moderate |
$5,000 to $125,000 |
36-60 Months |
10% - 20% |
TRAC |
| Corp-Only |
N/A |
5 Years |
Strong |
$5,000 to $500,000 |
36-60 Months |
$1, 10% - 20% |
TRAC, or $1 out |
|
Appoved Vendors |
| Only the following types of equipment sellers: |
- Licensed equipment dealers
- Financial institutions
- Private businesses
|
|
Commonly Approved Assets |
| Heavy Equipment & Yellow Iron |
Backhoe
Lift Equipment
Bulldozer
Chipper
Compactor
Cranes
Drill Rig
Excavator
Motor Grader
Motor Scraper
Piggyback Forklift
Rough Terrain Forklift
Skid Steer Loader
Skidder Grapple
Stump Cutter
Wheel Loader
Water Wagon
Agricultural Equipment
Paving Equipment/Curbers
Logging/Forestry
|
|
| All equipment financed must be: |
- Be ten years old or newer
- Be at least $5,000 each
- Be within 10% of comparable values
- Have a proven and accessible secondary market
|
| |
 |
| |
- $5,000 - $250,000 loans available without having to provide business financials or tax returns
- Simple, 1 page application
- Secured by equipment assets
|
Loan Qualifications |
| Program |
Minimum TU FICO |
Time in Business |
D & B Data |
Finance Amount |
Term Length |
Residuals Available |
Financing Types Available |
| Tier1 |
725+ |
5 Years |
Strong |
$5,000 to $500,000 |
36-60 Months |
$1, 10% - 20% |
TRAC, or $1 out |
| Tier 2 |
680 |
3 Years |
Strong to Moderate |
$5,000 to $250,000 |
36-60 Months |
10% - 20% |
TRAC |
| Tier 3 |
600 |
3 Years |
Strong to Moderate |
$5,000 to $125,000 |
36-60 Months |
10% - 20% |
TRAC |
| Start up |
680 |
0 Years |
Strong to Moderate |
$5,000 to $125,000 |
36-60 Months |
10% - 20% |
TRAC |
| Corp-Only |
N/A |
5 Years |
Strong |
$5,000 to $500,000 |
36-60 Months |
$1, 10% - 20% |
TRAC, or $1 out |
|
Appoved Vendors |
| Only the following types of equipment sellers: |
- Licensed equipment dealers
- Financial institutions
- Private businesses
|
|
Commonly Approved Assets |
Work Trucks |
Heavy Equipment & Yellow Iron |
Commercial Trailers |
Aerial Sign Truck
Boom Truck
Chpiper Dump Truck
Concrete Mixer
Concrete Pump
Crane Truck
Digger Derrick Truck
Dump Truck
Flatbed Truck
Fuel/Lube Truck
Garbage Truck
Grapple Truck
Mechanics Truck
Refined Fuel Delivery Truck
Roofing Truck
Sewer & Septic Truck
Vacuum Tank Truck
Van Body Delivery Truck
Water Truck
Water Well Drilling Rig
Yard Tractor
Day Cab Only
Pick-up Trucks
Sleeper Cab Only
Tow Trucks
|
Backhoe
Lift equipment
Bulldozer
Chipper
Compactor
Cranes
Drill rig
Excavator
Motor Grader
Motor Scraper
Piggyback Forklift
Rough Terrain Forklift
Skid Steer Loader
Skidder Grappple
Stump Cutter
Wheel Loader
Water Wagon
Agricultural Equipment
Paving equipment /Curbers
Logging/Forestry
|
Cement Silo
Drop Deck
Dump
Flatbed
Lowboy
Propane
Pup & Tandem
Roll-off
Tank
Car Carrier
Reefer
Van Body |
|
| All equipment financed must: |
- Be ten years old or newer
- Be at least $5,000 each
- Be within 10% of comparable values
- Have a proven and accessible secondary market
|
| |