loan against tractor trailer or semi truck

loan against tractor trailer

If your business has tractor-trailers and needs capital, it can get a loan against tractor trailer or a loan against a semi truck.   1 tractor-trailer trucks can be enough to get capital.   Loan amounts normally start at $10,000 and up.   There are several loan programs and resources available in the marketplace to get semi-trailer truck financing.   Credit scores can be lower under this program.  Credit scores of the owner can be below 500 and still have a strong opportunity to qualify.   The truck or semi-truck has to be free and clear.    There cannot be any loans against the truck.

Complete the secure Docusign SBLD30SecondApplication”>Question?

How to get a semi truck loan or how to get a loan for a semi trailer or loan against a semi truck.
Join thousands of businesses who have gotten a business loan against a tractor trailer or semi truck.  Together, you will get you the best program for your business with Smallbusinessloansdepot, the first choice for a tractor trailer or semi truck business loan.

Recent Customer requests and problems:
Last week the owner of a single rig trucking company called.   He said his truck went down a couple of weeks ago and is in the shop.  He needs $6,700 for repairs.   Until then he is not generating any revenue because he needed to get get his truck back on the road.  He said his business account is overdrawn $200 and his personal account is overdrawn over $500.   His credit score is
mid 500’s.   He wanted to get funds against his Semi-Truck.   The truck has a value of approximately $25,000 and he still owed about $16,000 on it.   A loan against the truck is not possible in his case.   The truck has to be free and clear.
We referred him to another loan product which has a monthly payment.

A company should make up a list and provide it to the lender to get a loan against 18-wheelers.   The trucks normally 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.
A one page application is completed along with an equipment list.   The customer normally can get a decision within one or two days.   This type of business loan is closed within 1 or 2 weeks.
Click on the contact link to get more information.

loan against tractor trailer
Get a loan against a tractor trailer

Loan amounts:

Loan amounts are based on roughly 2 to 1 collateral and on the wholesale value.   If a business has 2 semi-trucks and they are worth $100,000, the loan amount will probably be in the $40,000 to $50,000 range.  For customers in Canada, this financing is available and should be inquired on under a related program.
Canadian callers should ask for a “loan against a transport truck” or loan using a transport truck.

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.

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

As an example, on a loan for $100,000 for 60 months with a payment of $2,163, the interest rate calculates to 10.77% with a total repay of $129,780.    Rates may be higher in most cases because the credits scores may be lower.

No other collateral is required.   If a company obtains this loan, a site inspection is normally done by the lender.  This may or may not have to be paid by the customer depending on the program.  Tips: The trucks have to 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.  Because the success of your business is our goal.

 

Loan against equipment

Get a loan against equipment

What is a loan against equipment or loan on equipment?  Definition of loan on equipment:

The seller obtains working capital by selling their equipment and financing it back.  They keep the equipment on their property and retain ownership when it is paid off.

How to get a loan on equipment

  1. Step 1 Make a list of the free and clear equipment assets your business owns.   Include description, manufacturer, year, model numbers#.
  2. Step 2 Contact lenders that provide loans on equipment or loans against equipment that match your asset types.
  3. Step 3 Apply for funding.   If approved, review terms and conditions including possible site inspection requirements and other stipulations.   If satisfactory, request closing documents and complete paperwork.
  4. Step 4 Close transaction with verbal confirmation and receive funds into business checking account.

Join thousands of business owners who have gotten a loan against their equipment.

Secure DocuSign 30 second Application here
Call us at Tel:  1-919-771-4177, or Question? Contact us here.

What is a loan on Equipment?
These loans against equipment options allow businesses to use equipment.  Borrowers get a loan against construction equipment, tractor trailers,  and also farm equipment or machine tools. There is an option to combine equipment with real estate.  Only a one page application with equipment list is required.  $10,000 to $250,000 is available. The approval process is usually one day. The equipment stays on your property and there are also no restrictions on how the funding is used.   The debt does not show on the credit report.

Is this the same as a collateral only loan, or collateral loan?

Yes, this is the same of very similar.    It is sometimes also referred
to as a loan on collateral or loan using collateral.  In these types of
financing, the value of the collateral is by far the most important part
of the approval or decline decision.   Many applicants contact us saying
they want a collateral loan.

This loans against equipment financing has a high approval rate.  Since most businesses have equipment, many businesses can qualify.

How can I qualify for  loan against equipment?

The $10,000 to $250,000 range means a high percentage of businesses will qualify.    More businesses will qualify for a $25,000 transaction than a $250,000 transaction.  As a result, a very high percentage of businesses qualify.

This loan against equipment niche has only a 1 page application.   cnc milling machines, 18-wheelers, rigs, tractor  trailers and more types of equipment are used.   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.

loan against equipment
Get a loan against equipment.

 

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.  Some ask for a loan against construction equipment.   Others ask for a loan on construction equipment or loan on equipment.   Some callers request a loan on machinery.

Underwriting looks at the age and condition of the equipment.  Complete the equipment list.  Use the most valuable and newest equipment on hand.   Older equipment may qualify.  The type and value is reviewed.  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 big rig, or  a loan against a truck.



f.a.q. frequently asked questions or requests

Questions or Requests:

I need a loan against my equipment

How do I get a loan on my equipment?  I need a loan on my equipment.

Does the equipment  stay at my business?   The equipment in this loan against equipment transaction must remain in the place of business.   Exceptions are businesses that must move their equipment.   Construction companies are an example.

The lien information is usually general and the serial number of the equipment is not often listed.   Liens are release after the loan is paid off.
Loan against equipment resources:

Other frequent requests:
“I need an equipment collateral loan”.    I need to borrow against my equipment.  How much can I get?
These requests are handled the same way as described above.

Representatives service the following cities in the Western Region and can be contacted.

Alaska, Hawaii and California

In Anaheim, CA and Anchorage, AK. Bakersfield, CA and also in Carlsbad, CA. Chula Vista and also Fontana, CA. Fremont, CA and in Fresno, CA. Hayward, CA and Honolulu HI.  Irvine, CA and in Madera, CA. Modesto, CA and also Merced, CA.  Oakland, CA and in Ontario, CA. Oxnard, CA and Riverside, CA. Roseville, CA and in San Francisco, CA. San Jose, CA and also San Diego, CA. Santa Ana, CA and in Santa Clara, CA. Santa Rosa, CA and Sacramento, CA. Salinas, CA and in San Bernardino, CA. In Santa Barbara, CA and also Santa Maria, CA. Sunnyvale, CA and in Stockton, CA. Thousand Oaks, CA and Vallejo, CA. Ventura, CA and also in Visalia, CA.

West Region:

Representatives in the following cities may also be contacted:

Nevada, Oregon and Washington:

In Bellevue, Washington and Eugene, OR. Everett, WA and in Henderson, NV.  Kent, Washington in addition to Las Vegas, NV.  Olympia, WA and also Portland.  Reno, NV and Seattle, WA. Olympia, WA and in Paradise, NV.  Portland, OR in Renton, Washington.   Salem, OR and in Seattle, WA.  Sparks, NV as well as Spokane, WA. Tacoma, WA, Vancouver, Washington and Yakima, Washington.

Arizona and Utah:

Albuquerque, AZ and Avondale, AZ.  Chandler, AZ and in Flagstaff, AZ.  Gilbert, AZ and in Glendale, AZ.  Goodyear, AZ and also Mesa, AZ. Nogales, AZ as well as Ogden, UT.  Phoenix, AZ and in Peoria, AZ.  Provo, UT and Scottsdale, AZ. Salt Lake City, UT and also Scottsdale, AZ.  Surprise, AZ and aslo in Tempe, Arizona.  Tucson, AZ, Yuma, AZ and San Tan Valley, AZ.

Colorado, Idaho, Montana, New Mexico and Wyoming:

In Albuquerque, NM, Aurora, CO.  Boise, ID and in Cheyenne, WY.  Colorado Springs, CO as well as Denver, CO.  Helena, MT and Lakewood, CO as well as Santa Fe, NM.

South Region:  

Consultants in the following cities can be called to schedule a same day appointment
or call: 

Kentucky, Virginia, Washington, D.C., and West Virginia: In Alexandria, VA and Arlington, VA. Chesapeake, VA and in Hampton, VA.  Huntington, WV and also in Kenner, VA and Lexington, KY. Louisville, KY as well as Lynchburg, Virginia.  Newport News, VA and in Norfolk, VA.  Petersburg, VA and also in Portsmouth, Virginia.  Richmond, VA and Roanoke, Virginia.  In Suffolk, Virginia and also Virginia Beach, VA.

North Carolina, South Carolina:

In Anderson, SC and Asheville, NC.  Cary, North Carolina and also in Chapel Hill, NC. Charleston, SC and in Charlotte, NC. Chattanooga, TN as well as Columbia, SC. Concord, NC and Davidson, TN. Dunn, NC, Durham, NC and Fayetteville, NC. Franklin, TN, Gastonia, NC. as also in Greensboro, NC. Greenville, SC,  Henderson, NC as well as Hickory, NC. High Point, NC, Kingsport, TN and Knoxville, TN.  In Maudlin, SC, Memphis, TN and also Morristown, TN. Murfreesboro, TN, Myrtle Beach, SC and Nashville, TN.  North Charleston, South Carolina as well as Raleigh, NC. Sanford, NC, Lenoir City, TN and in Shelbyville, TN. Spartanburg, SC, Wilmington, North Carolina and Winston-Salem, NC.

Florida:

In Cape Coral, FL, Clearwater, FL and Daytona Beach, FL. In Jupiter, FL, Fort Myers, FL as well as Ft. Lauderdale, FL. Hialeah, FL, Jacksonville, FL and Lakeland, FL.  Melbourne, FL, Miami, FL and Ocala, FL.  Pensacola, FL, Kissimmee, FL as well as Naples, FL. Orlando, FL, Ormond Beach, FL and also in Palatka, FL.   In Palm Bay, FL, Pensacola, FL and also Port St. Lucie, FL. Saint Petersburg, FL, Sanford, FL and Tallahassee, FL. In Tampa, FL, West Palm Beach, FL as well as Winter Haven, FL.

Alabama, Georgia, and Mississippi:

In Atlanta, GA, Augusta, GA and Birmingham, AL.  Gulfport, MS, Hoover, AL and also Huntsville, AL. Jackson, MS, Mobile, AL as well as Montgomery, AL. Savannah, GA,  St. Mary’s GA and also in Talladega, AL.

Arkansas and Louisiana:

In Baton Rouge, LA and Fayetteville, AR.  Forrest City, AR,  Lafayette, LA and Little Rock, AR. Metairie, LA and New Orleans, Louisiana. Baton Rouge, Louisiana, Shreveport, Louisiana and also Lafayette, Louisiana.

Oklahoma and Texas:

In Arlington, TX and Austin, TX.  Bartlesville, OK, Beaumont, TX and in Corpus Christi, TX. Dallas, TX, Edinburg, TX and in El Paso, TX.  Ft. Worth, TX, Houston, TX as well as Killeen, TX. Lafayette, LA, Mission, TX and Muskogee, OK.  Oklahoma City, OK, McAllen, TX and also in New Braunfels, TX.  Round Rock, TX, San Antonio, TX, as well as Shawnee, OK.  Sugarland, TX, and The Woodlands, TX as well as Tulsa, OK.

Midwest Region:
Representatives in the following Midwest cities can be contacted:

Illinois, Indiana, Wisconsin:

In Anderson, IN, Carmel, IN, and Aurora, Illinois.  Chicago, Illinois, Elgin, Illinois as well as Rockford, Illinois.  Joliet, Illinois, Lee’s Summit, Missouri and in Naperville, Illinois.  Springfield,  Illinois,  Peoria, Illinois and also in Elgin, Illinois.  Waukegan, Illinois, Cicero Town, Illinois as well as Champaign, Illinois.  Bloomington, Illinois, Decatur, Illinois and Eau Claire, WI.  Fort Wayne, IN, Gary, IN and in Indianapolis, IN.  Madison, WI, Milwaukee, WI and Naperville, IL.  Green Bay, Wisconsin, Kenosha, Wisconsin, and Peoria, IL.  Racine, WI, Springfield, IL and also Waukesha, WI.

Michigan and Ohio:

In Akron, OH, Ann Arbor, MI and Canton, OH.  Cincinnati, OH, Cleveland, OH and also Columbus, OH.  Dayton, OH, Dearborn, MI and in Detroit, MI.  Flint, MI, Grand Rapids, MI as well as Marion, OH. Maysville, OH, Muskegon, MI and Parma, Ohio.  Toledo, OH, Wilmington, OH, Wyoming, MI and also  Youngstown, OH.

Kansas, Nebraska, North Dakota and South Dakota:

In Council Bluffs, NE and Kansas City, MO.  Lawrence, KS, Omaha, NE as well as Wichita, KS.

Iowa, Minnesota, and Missouri:

In Bloomington, MN and Columbia, MO. Davenport, IA, and also Des Moines, IA.  Duluth, MN and also Independence, Missouri.  Kansas City, Missouri and Minneapolis, MN. Overland Park, MO as well as Rochester, Minnesota.  Springfield, MO, St. Charles, MO as well as St. Joseph, MO.   Springfield, Missouri and St. Louis, Missouri.  St. Paul, Minnesota and St. Cloud, MN.

Northeast Region:

New York:

In Albany, NY,  Batavia, NY and Buffalo, NY.  Cheektowaga, NY, New York City, NY as well as Niagara Falls, NY.  Rochester, NY, Schenectady, NY, Seneca Falls, NY and Syracuse, NY.

Maine, Vermont, New Hampshire and Massachusetts:

In Bangor, ME and Boston, MA. Burlington, VT, Cambridge, MA and Concord, NH. Montpelier, VT, Newton, MA as well as Portland, ME.  Providence, MA and Springfield, MA. In Warwick, MA as well as Worcester, MA.

Pennsylvania, Maryland and Delaware:

In Allentown, PA and Baltimore, MD.  Bethlehem, PA, Columbia, MD and Dover, DE. Harrisburg, PA, Lancaster, PA and in Lansing, MI.  Lebanon, PA, Manchester, PA as well as New Castle, PA.  Philadelphia, PA, Pittsburgh, PA and also Reading, PA. In Salisbury, MD, Scranton, PA and Towson, MD.  In Weirton, PA, Wilmington, DE and also in York, PA.

Connecticut, New Jersey and Rhode Island:

In Bridgeport, CT and Camden, NJ.  Hartford, CT, Jersey City, NJ as well as Milford, CT.  New Haven, CT,  New London, CT and Newark, NJ.  Norwalk, CT and Norwich, CT.  Providence, RI, Stamford, CT and also in Trenton, NJ.

Visit the SBA. for more information on how assets can also be used in business loans and personal loans.

Thank you for visiting our loan against equipment resource page.