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Asset Based Loan

Loans on Trucks Video: Semi-Trailers, Big Rigs or Vehicles!

Get money on your Truck, semi-trailer, dump truck or business vehicle now!

Video Description: Get a loan on a Truck, Van, or Car owned by your business. Get monthly payments. Truck can be in the repair shop now.

Get a loan on your truck and any other business vehicle. You can get up to $200,000 against Trucks that stay with you! Fast process and quick offers. Credit scores as low as 500.
Author Biography: Will Sanio

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loan against my truck
loan against my Truck

Get a loan on a Truck, now.   Do you own it outright ?   Then get money against your company vehicles, fast. Pick up trucks, Ford F-Series, Dually Dodge, Chevy, Box trucks, Semi-trucks, FreightLiner, Peterbilt, International, Dump Trucks, Delivery, and Vans. Low, and very low credit scores can work.   To visit just the video page, visit Loan on a Truck Video

Watch: Trucks in action Video top of page!  Click or tap arrow to play. Apply: Commercial truck title loans below now, or call 919-771-4177. Transcript here

 

Top 7 vehicles to get a business loan against
1  Commercial Vehicles
2  OTR Over the road trailers
3  Big Rigs
4  Semi Trucks
5  Dump Trucks
6  Trailers
7 Vans

 

Get a loan on a Truck, now.   Do you own it outright ?   Then get money against the Truck, fast. Even more, very low credit scores will work.

If your business has vehicles and needs capital, it can get a loan against tractor trailers, semi trucks, Vans, Dump Trucks or any business or commercial vehicle.   Even 1 semi trailer truck can be enough to get capital.   Loan amounts starting as low as 2,000 and up.   Have a trailer?  The add more funds with our loan on a trailer program.

Is your Truck or Rig down and in the shop for repair and the bill is more than you can pay?     Get money specifically for a repair through a truck repair loan on a Big Rig or Truck that you cannot drive and is being worked on right now.    This program will get your truck out of the shop and back on the road to let you make money again.

We have several premiere loan programs to get semi-trailer truck financing and credit scores can be lower under this program.  Credit scores below 500 considered.  The truck or semi-truck has to be free and clear collateral.

To get a loan to acquire trucks and trailers, try the hot shot truck loan program.

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Call 919-771-4177 for more info.

Data Secure 15 Second Request Form Here.

How to get a loan on a semi truck trailer, big rig or business vehicle: How to steps, direction, and tips:

How to get a loan on semi-trucks, tractor trailers and business vehicles
Estimated Cost: $0
Total Time: 1 Day
Supplies Needed:  Semi truck trailer or business vehicle, title, picture of semi truck and odometer.  Time available.
Tools needed: Internet connection, phone, computer

Step 1:  Preparation

Research companies that offer loans against semi trucks, big rigs, dump trucks, or 18 wheelers. Search for programs that best match your business need for the amount needed, the value of your semi rigs, and credit.

Search for a program that offers loans on vehicles specifically of this type, including OTR Over the road trucks and trailers

Step 2: Have your information on your big rig semi trucks ready to go. Have a list of the value of your vehicles.

Tip: Start the process a few days before needing funding.  You may need to get together information you were not expecting to get.
Remember that regular business vehicles such as vans may also qualify.
Information on the trucks you will need includes manufacturer, year, model number, title, a picture of the odometer and a couple of

pictures of your truck.

Have the information ready that you will be asked for such as the title, year, manufacturer and model number.

Step 3:  Settle on the top 2 or 3 programs that best matches the value of the semi trucks you have and the amount you need.

Contact qualifying companies and ask about their approval requirements.

Tell the lender the basic information on the trucks and try to find out what your chances of approval are.    Also ask if you can be pre qualified.

Call the lenders and ask about what is required for approvals and if you can be pre-qualified

Step 4: Submit an application

Apply with the program that can most likely get your business a loan against your semi trucks based on the conversations you had with the lender and review of their criteria.   Complete an application for funding and provide the supporting items such as copy of the title, pictures and odometer reading.

When you have picked the most likely program, apply and submit your application information

Step 5:  Review approval offers

After approval, review all closing terms and conditions. Make sure you can provide required closing items. Complete transaction and receive funding.

If you were declined, contact the lender and try to find out why.  Try to find out if you are able to do anything to get the decision reversed and get approved.  If you cannot get approved, then go back to the other lenders you looked at during your search.  Ask if the reason for your decline will be a decline reason for them.   If not, then consider applying with one of the other lenders.

Review the terms and closing requirements of any offer received. Pick the best one, provide the closing documentation needed and receive funds for your business.

If you have many vehicles as a used car dealer, consider options under our used car dealer loans.

Show Video Transcript

Loan on a Truck

Mike drives a Kick [beep ] Truck! But fuel prices, repairs, and tires were high, and going up !
So he called us and we got him money with a loan on a truck. Get Money against any Truck. Ford F-Series, Dodge, dually, Semi Truck, delivery, box and cargo, over the road heavy haulers, dump trucks and many more. Low credit scores OK. Do you own that truck? Find out how much money you can get today. Apply at SmallBusinessLoansDepot.com, or Call: 919-771-4177.

FAQ on how to get a loan on a semi-trailer, truck or business vehicle

Can I get money against my semi-trailer?

Yes. Your paid off semi-trailer, tractor-trailer, big rig, 18 wheeler, dump truck or business vehicle can qualify. You have to prove ownership of the vehicle and have the title. It must be in your possession or in the shop. For smaller cars and trucks, the business name should be listed on the vehicle and used mostly for business.

How much can I get?

You can get about 40% to 50% of the retail value. This is close to the wholesale or auction value. You can also use the Truck as collateral to make it easier to get financing to buy another rig.

Can I get money against my broken down semi-trailer to pay for repairs?

You can get money against a semi-trailer, Truck or other vehicle types in the shop to pay for repairs for transmission, body work,  mechanical or other breakdowns. The shop will be paid directly to get your big rig back on the road asap. If the repair cost is less than the loan, then you will get the difference paid to you in cash.

Recent Customer requests

Recently, the owner of a single rig trucking company called and said his truck went down and was in the shop.  The customer needed $6,700 for repairs and his credit score was mid 500’s.   He wanted to get funds against his Semi-Truck.   The truck has a value of approximately $25,000.  He still owed about $16,000 on it and as a result, we referred him to another loan product because the semi-truck has to be free and clear.

A company should make up a list and provide it to the lender to get a loan against 18-wheelers.   Offering multiple trucks is also another way to get more money.   The trucks have to be free and clear.  The terms the customer can get are usually attractive because they are not short term and the collateral is valuable, so the lenders will give more attractive rates.  Customers can get a decision within one business day and close within a week.
Click on the contact link and get more information.

Get a loan on a semi-trailer truck, big rig, or tractor fast and easy.  Monthly payment loans start at $2,000. Damaged credit and scores 500 and below are O.K.

Loan amounts:

Loan amounts are based on roughly 2 to 1 collateral and also on the wholesale value.   Businesses with 2 semi-trucks worth $100,000 for example, will get an offer in the $40,000 to $50,000 range.

Online resources include an interest calculator.   Customers can type in the loan amount, the number of months and the monthly payment to find out the interest rate.

https://www.efunda.com/formulae/finance/loan_calculator.cfm

For example, on a loan for $100,000 for 60 months with a payment of $2,163, the interest rate calculates to 10.77% and a total repay of $129,780.

Additional collateral is not required.   A site inspection is normally completed before closing.

Tip: The trucks must be accessible and in working order.  A UCC filing is placed with the department of motor vehicles in the state the business resides in.

Thank your for visiting our loan against tractor trailer page.  The success of your business is our goal.

Apply now for a loan against your business vehicles

We are a leading funding source for all Small Businesses looking for the best alternatives to Banks.

Author Biography: Will Sanio, Owner of SCF Funding, dba SmallBusinessLoansDepot.com, has a Bachelor of Science Degree in Business Administration with a concentration in Finance from the University of Tennessee, Knoxville.

Over 20 Years experience including 10 Years with Wells Fargo, formerly Wachovia Bank headquartered in Winston-Salem, North Carolina, and First Atlanta Bank in Atlanta, GA. Specializing in Traditional and Alternative lending.

Follow me and our Videos below!

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Categories
Asset Based Loan

Loan Against Equipment Video: Monthly Payments!

Get a Loan on Equipment

Video Description: Use Business equipment to get money for your business. Construction Equipment such as Yellow Iron, Trucks Rigs, Vehicles, and Trailers. Low credit scores OK.

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Get a Loan against your Equipment. Construction Equipment as well as Trucks, Rigs and Trailers can qualify.  Monthly and Bi-weekly payments are available.   To visit the video only page, go to
How to get a loan against your Equipment:VideoA similar transaction is a Sale Leaseback. To watch the video visit
Sale leaseback on equipment Video or go to full instruction
page, Sale leaseback on Equipment.

 How to get a Loan against Equipment

How to get a loan on your business equipment assets.

Supply: List of your Free and Clear Equipment

Tool: Desktop, laptop, tablet or phone

1: Create a List

Make a list of your free and clear paid equipment

Get pictures and info on: vehicles, rigs and semi’s, pick up trucks, construction equipment, trailers and other
Equipment.

TIP: The lender may payoff valuable pieces with a low balance

How to get a loan against equipment: make a list

VIDEO CLIP below: Make a List of Your Free and Clear Equipment:  2 Seconds –
13 Seconds in Clip below.

2: Provide Cash Flow Information

Provide your last few months bank statements to show cash flow.

Get your last few months bank statements and any other financial a lender may request.

VIDEO CLIP below: Provide Cash Flow Information:  14 Seconds – 16 Seconds in Clip below.

3: Match with a Lender

Match with a lender that offers loans against equipment.

Call and ask about amounts and Terms

Match with a lender that makes loans against equipment

VIDEO CLIP below: Match with a Lender:  17 Seconds –
21 Seconds in Clip below.

4: Apply

Apply and get your best chance for approval by working closely with a rep.

Apply

VIDEO CLIP below: Apply:  22 Seconds –
25 Seconds in Clip below.

5: Complete

Close the transaction and gather all closing items: Proof of ownership, titles, pictures or more.

TIP: Low credit scores O.K.

Finish by signing the contracts and getting funded.

close the transaction

VIDEO CLIP below: Complete:  26 Seconds –
33 Seconds in Clip below.


Apply Now

We are a leading funding source for all Small Businesses looking for the best alternatives to Banks.

Author Biography: Will Sanio, Owner of SCF Funding, dba SmallBusinessLoansDepot.com, has a Bachelor of Science Degree in Business Administration with a concentration in Finance from the University of Tennessee, Knoxville.

Over 20 Years experience including 10 Years with Wells Fargo, formerly Wachovia Bank and First Atlanta Bank. Specializing in Traditional and Alternative lending.

Follow me and our Videos below!

VIMEO
YOUTUBE
LINKEDIN
TWITTER
https://developers.google.com/profile/u/willsanio
GitHub
StackOveflow

Will Sanio:  University of Tennessee Diploma – Bachelor of Science in Business Administration with concentration in Finance – Click or Tap to Enlarge Image.
Show Video Transcript

Loan against Equipment

Video Transcript: In minutes and seconds
0:00 Introduction
0:02 Make a List of Your Free and Clear Equipment
0:14 Provide Cash Flow Information
0:17 Match with a Lender that Offers Loans on Equipment
0:22 Apply
0:26 Gather required Documents and Close Transaction

[ desert wind whistling ] How to Get a Loan Against Equipment.

[ engine running ] Make a List of your Free and Clear Paid Equipment.

Get Pictures and Info on [ engine idling ] Vehicles,

[ engine revving ] Rigs and Semi’s, [ revving continues ] Pick Up Trucks,

[ pressure releasing ] Construction Equipment,

[ duck quacks ] Trailers and Other Equipment.

[ counting money ] The Lender may pay off valuable pieces with a low balance.

Provide your Last Few Months Bank Statements to show Cash Flow.

Match with a Lender that Offers Loans Against Equipment.

[ desert wind blowing ] Call and ask about Amounts and Terms.

Apply and Get Your Best chance for Approval by working closely with a Rep.

[ race car engines ] Close the transaction and Gather all Closing Items.

Proof of Ownership, Titles, Pictures or More.

[ water bubbling ] Low Credit Scores OK.

Finish by signing the Contracts and getting Funded.


Need more money than your Assets can get ? Get extra funds without putting up your equipment here using a bank statement loans option.   Or just visit the bank statement loan video page here.

Check out other options on our homepage smallbusinessloansdepot.com.

For businesses that do not have enough assets but need a larger business loan, read how to get a large business loan, or just visit the how to get a large business loan Video page and watch.

In a loan on equipment or vehicles, the owner keeps the equipment or vehicles and retains ownership when it is paid off.

This asset based option is often used as one way to get a large business loanOr Call us at 919-771-4177.

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Data Secure 15 Second Request Form Here.

Or Call 919-771-4177 for more info.

Qualifying equipment includes many types of construction and industrial equipment, business and commercial business vehicles. This includes tractor trailers, big rigs, commercial vehicles and semi -trucks.    Is your truck down?  Find out more about a truck repair loan here, or just watch the Truck Repair loan Video here. You can even get a loan on a trailer!   Low credit scores down to 500 and below may qualify.

Data Secure 15 Second Request Form Here.

Call 919-771-4177 for more info.


FAQ Frequently asked questions on a loan against equipment or vehicles.

What is a loan against equipment?
A loan on equipment lets businesses use the equipment or vehicles they own outright to qualify for a business loan. Borrowers can get a loan against construction equipment as well as tractor trailers and semi-trucks. Other qualifying assets include business vehicles and some types of machinery. The approval process is usually one or two days and the collateral stays on your property.

How much can I get?
You can get up to 60% against the current retail value of qualifying pieces. If your equipment has higher than market value, then provide documentation to prove the value from upgrades or customization.

How do put a value on the pieces?
Asset value data is used for each equipment type. The prices of comparable pieces on sale through industry leading vendors and suppliers may be used.

How old can my assets be?
Most trucks can be up to 8 years old. More than 8 years can still be funded with reduced approvals. Construction pieces and machinery can be older depending on the type, manufacturer, model and age.

Do I need to have proof of ownership?
Proof of ownership will be needed. Title, registration or bill of sale can be used for proof of ownership. Proof of purchase may also be needed and can be a paid invoice, loan or lease payoff letter, or bank proof of payment.

Can you take trucks or cars as collateral?
Free and clear trucks or cars including big rigs, semi trucks, OTR over the road tractor trailers, dump trucks, and vans may be used as security. Standard trailers such as big tex and gooseneck can be pledged. Cars, trucks and passenger vehicles may qualify if they are used partially for business.

Cnc milling machines, 18-wheelers, rigs, tractor  trailers qualify.   Machine tools may also bring significant working capital.

Construction equipment such as front end loaders, bobcats, skid steers, bulldozers, ditch witches, woodworking equipment, semi trucks, 18 wheelers, tractor trailers may also qualify.

Your business makes money by using equipment rather than owning it.   Get the unused cash in your equipment and use it for cash flow in your business.

Business loan programs are open, approving and funding small business loans on construction equipment, some large machinery, commercial vehicles, big rigs, semi trucks, Over the road tractor trailers OTR, vans, dump trucks, and even trailers such as gooseneck trailers.

Submit the one page loan against equipment application and also the equipment list . Decisions are usually made in 1 day.   Funding happens within five business days.   $150,000 total funding is available.

Tell us the type of loan you are looking for.   Callers ask for different types of loans, including a loan against construction equipment.   Others ask for a loan on equipment using their construction assets.  Some callers request a loan on machinery.

Underwriting reviews the age and condition of the equipment.  Complete the equipment list.  Use the most valuable and newest equipment on hand.   Older equipment may qualify.  This includes trucks and tractors.   Through this loan against equipment, loans against a tractor-trailer is approved.  It is also called a loan against an 18 wheeler as well as a loan against semi-trailer truck.   Other products are a loan against a big rig, and loan against a semi truck.

Top 7 vehicles to get a business loan against: 
1  Commercial Vehicles
2  OTR Over the road trailers
3  Big Rigs
4  Semi Trucks
5  Dump Trucks
6  Trailers
7  Vans

The following are examples of equipment and vehicles that can qualify under the program!

1. Cat 314ELCR
2. Cat TL943
3. Doosan DX 300LL-5
4. Ford F250XL and Ford F350XL
5. Ford F450
6. John Deere 225DLC
7. Kenworth T370

Thank you for visiting our loan against equipment resource page.

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