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Equipment Lenders

in Other Business Finance

Hey guys - is anyone setup with or have experience with any of the equipment lenders listed on this site?

I have a borrower with 60-80K monthly rev, 600ish score, looking for 65K for a commercial excavator.

Thanks in advance.

4 answers0 replies

4 Comments

STEVE BENJAMIN

Jan 14, 2023

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

Amount of money requested... Use of funds - equipment financing, working capital or each/both? Break it down. Day cab, sleeper or what Long haul, short haul or what? How many truck 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) - see attached - Photos of the unit Once unit is approved then we will request; - Copy of title (front and back) - Bill of Sale Steve Benjamin Professional Business Loans Irvine, CA 92620 SteveProBiz@gmail.com https://probizloans.net/ 949-228-1050