El Paso, TX PRWEB 31, 1st Commercial Credit provides truck financing to startup operators and trucking companies with no financial history
PRWeb disclaims any content contained in these releases. According to Raul Esqueda President of 1st Commercial Credit If you find truck that you want, we can finance it for you. Spurl Although there are more lenders willing to finance small commercial trucks with regional travel of less than miles, very few lenders are willing to take the risk with applicants who want financing for longhaul truck equipment. The credit line authorized is based on the credit quality of the account debtor customer that is billed and not the client seller or supplier.
They provide truck financing to startup operators and trucking companies with no financial history or that have been turned down by other lenders. Shadows It is very appealing as an inhouse financing program for independent trucking companies that need to retail their equipment. Our important requirements are that applicants be current on substantial installment loans and have the ability to pay for the truck equipment. 1st Commercial Credits truckleasing program is not only for used truck dealerships.
Although there are more lenders willing to finance small commercial trucks with regional travel of less than miles, very few lenders are willing to take the risk with applicants who want financing for longhaul truck equipment. Prospective buyers with medium to low credit scores and fast growing trucking companies with sales histories that cannot justify increased borrowing have created market segment of their own. In recent years, many lenders have dropped out of the trucking business due to high default rates.
Furl It Demand for financing used trucks for first time buyers is increasing.
In addition to Commercial Truck Financing, 1st Commercial Credits truckleasing program is not only for used truck dealerships. According to Raul Esqueda President of 1st Commercial Credit If you find truck that you want, we can finance it for you. Prospective buyers with medium to low credit scores and fast growing trucking companies with sales histories that cannot justify increased borrowing have created market segment of their own. Demand for financing used trucks for first time buyers is increasing. This has left financing void in the market.