Category: success stories

Freightliner Cascadia Purchase Loans

Success Story:

What:  $43K for a 2020 Freightliner Cascadia Loan for a driver with bad credit.

Who: An Owner operator with a low credit score, 594 Fico,  maxed out, late payments on credit cards and mortgage with charged off Accounts was approved to get a new Truck!

The Truck he had was not reliable anymore.

So why was this Loan a Deal?:

1. The Owner operator put down $11,000 on the Cascadia.
2. The Truck was priced well for a 2020 Model.
3. He is an experienced driver.

Apply Below now, or call 919-771-4177.

APPLY NOW

Freightliner Cascadia Loan Specifics:

2020 Freightliner Cascadia 126SLP: 507K Miles, 455 HP Engine: Detroit DD15  with a Detroit DT12 Transmission and raised Roof. 

Funded: $43,000

Terms: $11,000 Down with Monthly payments of $1,804.  Ask about Lease options.

 

Approval TIPS:  

• The Truck should be newer.   7 years or less is best, but that not required.
• Hours should not be too high based on the year.
• Purchase from a Dealer rather than a Private Seller.
• Provide pictures when applying.
• Provide Model and Serial numbers.
• Finally, it should be in good condition.

APPLY NOW

Why should you buy from a Dealer?

They have an unencumbered title on the Equipment.

They do not hide Vehicle problems.

Dealers often guarantee the Vehicle, so lenders
take less risk.

Private sellers may have hidden liens on the Truck and do not tell the buyer.

Private sellers may be selling because of defects.

Want to consider other type of loans?   Visit our Homepage here.

Conclusion

In summary, get Monthly Payments and use the cash flow savings for your other critical business needs.

Learn how to win contracts.    Use the link to the left and let
SBA Experts help you get more customers and contracts.

The page also has databases to find federal contracts to bid on.

Even more, there is information on how to market to the Government.

    Source for Track Loader Loans

Track Loader Loans

Success Story:

What:  An $84K 2023 New Holland C337 Track Loader for a Subcontractor.

Who: The Sub-contractor had over 20 Years Experience needed a newer Track Model for his Business. He initially tried to get a lease but was not able to because of his credit history and score.

So why was this Loan a Deal?:

1. The Equipment was newer and had low operating hours.
2. 40% 1st rental payment at closing.
3. Long Established industry Experience.

Apply Below now, or call 919-771-4177.

APPLY NOW

 

Track Loader Loan Specifics:

2023 New Holland C337

Funded: $84,000

Lease Payments: Month 1 = $38,000 + taxes followed by
38 months = $2,200 + taxes

Residual: 4 monthly payments = $2,260 + taxes

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Why the customer closed this loan rather than a Cash Advance?   The approval was with Monthly payments for 36 Months.

Loan Approval TIPS:  

• The Track Loader should be newer, so 5 years or less is best, but not required.
• Hours should not be too high based on the year.
• Purchase from a Dealer rather than a Private Seller.
• Provide pictures when applying.
• Provide Model and Serial numbers.
• Finally, it should be in good condition.

APPLY NOW

Why should you buy from a Dealer?

A dealer has an unencumbered title on the Equipment.

Dealers will not hide equipment problems.

Dealers often guarantee the equipment, so lenders
take less risk.

Private sales may have hidden liens on the loader.

Private sellers may sell equipment because it has defects.

Need more similar Equipment?   Get a Skid Steer here.

Conclusion

In summary, get Monthly Payments and use the cash flow savings for other critical business needs.

Learn how to win contracts.    Use the link to the left and let
SBA Experts help you get more business.

Use the page above to learn how to find contracts.

The page has databases to find federal contracts to bid on.

Also included is Marketing to the Government.

Skid Steer Loan

Success Story: Skid Steer Loan 

What:  A $34K Replacement Skid Steer for Experienced Contractor

Who: A New York contractor started his business in 2016 wanted a newer skid steer to grow his business.

He had a low Credit Score – 536 FICO, and also had a charge off.

This made it hard for him to get lease financing.

So why was this loan a Deal?:

1. Strong collateral
2. Buyer’s long track record
3. Well-priced equipment

Apply Below now for a loan, or call 919-771-4177.

APPLY NOW

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2021 Bobcat E60 Skid Steer Terms: 

Funded: $34,000 lease

Terms: Payments: 1st = $4,000 + taxes and 26 rental payments = $1,795 + taxes

Residual: 4 monthly payments = $1,795 + taxes

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Why should the customer use a purchase loan when they can easily get a Cash Advance?

Monthly payments are for 24, 36, or 48 months.

Payments are also much lower than what the Merchant pays for a 6 Month MCA.

The customer can use this monthly savings for other things.

Skid Steer Loan Approval TIPS:  

• The Skid Steer should not be more than 5-10 years old.
• It should be in good condition
• Hours should not be too high based on the year
• Purchase from a Dealer not a Private Seller.
• Have pictures ready when making the financing request.
• Provide Model and Serial numbers

Why buy from a Dealer?

A dealer will have a clean title on the Equipment.

Dealers usually guarantee the equipment, so lenders
take less risk.

Private sales may have liens on the equipment.

Also, Dealers are less likely to hide equipment problems.

Private sellers may sell equipment because it has defects.

Conclusion

Get Monthly Payments with a Skid Steer Loan and use
the cash flow savings for other parts of your business.