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If you are talking to a trucking company who needs money, ask Use of funds - equipment financing, working capital or each/both?

Break it down.

Loans up to 7 years and rates 8% and up.

Programs for Fico 680 and up

620 to 680

Below 620

Amount of money requested...

Day cab, sleeper or what Long haul, short haul or what?

How many trucks current own

Type of products hauled

DOT number

Fico

Loan App

4 months business bank statements

Most recent business tax return

Do they require apportioned plate?

Are they Owner Operator or they have drivers?

If have drivers how many driver currently work with them?

If Owner Operator

How many years of CDL/ Industry hauling experience?

Is PG a Homeowner or they are renting?

Have they financed or leased a truck before?

How is their current payment history?

If required can we get loan reference from the other lender(s)?

Invoice on truck he wants to buy

Mileage on invoice. year on invoice

NOTE: Over 500,000 miles and over 10 years old makes it a C-D financing.

For a private party equipment transaction we would need the following: -

Complete condition report (showing make, year, model, with current condition and mileage) -

Photos of the unit

Once unit is approved then lender will request; - Copy of title (front and back) - Bill of Sale

Steve Benjamin

Professional Business Loans

Irvine, CA 92620

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