Truck Financing
Truck Financing
Financing for Semi-Trucks and Trucks
We are the premier lending firm that gives truck financing to organizations. Loads of shipping firms struggle getting to the genuinely necessary financing choices from loaning organizations. Our objective at ONKOURE Financial Services Monetary has consistently been to progress cutthroat credit offices to these shipping organizations to empower them to deal with their incomes appropriately.
The shipping business is a capital escalated adventure with high and low months when business and the resultant incomes vary broadly. The credits for drivers cover various expenses like covering the various costs, employing new drivers, extending your current armada and general support costs.
Why choose to borrow from us?
Traditional lending institutions typically require lengthy documentation and extensive credit verification processes. This simply means even if you are approved it might still take a couple of days before your loan facility is disbursed. At BP Financial we want to cut through the red tape to help you get the much-needed credit in a short time so that you can take care of your pressing financial needs. That’s why our loan application process is fast, simple, and straightforward. Once you avail your basic business data, we will review the business and financial performance and inform you about your application process within a matter of hours.
How to qualify for our trucking business loan
Trucking is such a rewarding yet high-risk industry. This means that there are very few lending institutions that are willing to provide loans for truckers. There are a few things you can do to make your trucking business loan-worthy. First make sure your insurance is adequate and updated for all the trucks, employees, and inventory. Secondly, you’ll need to be able to demonstrate your ability to repay the loan facility by having the monthly revenue minimums. It’s also vital that your business has been operating for a while because we do not offer loans for opening businesses, only to the existing businesses.
The equipment we finance
The reason why you should secure a loan from us is that we provide business loans for trucking companies covering a broad range of equipment. These include heavy-duty tractor and trailers, medium-duty commercial trucks, box trucks, and tow trucks, dump trucks, the PTO & blowers which are free of any liens, as well as all sizes and types of trucks. We extend the trucking loans to owner-operators, existing freight transport companies as well as private parties and vendor/dealer deals. Even if your trucking business doesn’t fall under any of these categories, we can still evaluate it on a one-on-one basis and advise you on your loan legibility.
When should I apply for a trucking loan?
It doesn’t matter whether the business climate is on the upswing or the downswing, firms and individuals will always need a way to transport their goods. This means that at any point in time your trucking company may be in need of trucking business loans. If you are seeking to expand your fleet, automate your business, or open up new branches, then you will need a loan facility. Most importantly, if your business is going through a short-term financial crisis where your books aren’t balancing, then a trucking loan will help you plug that hole.
The benefits of our commercial truck financing
One of the reasons why we’ve been able to have such a great pool of clients is because we have a quick approval process, with funding occurring in two business days or less. A poor credit record is not necessarily a problem since we take an in-depth look at the overall business performance. We also provide a wide array of Trucking Business Loans that can be used as capital for any business expense. Keep in mind that our repayment process is tailored to meet your business’s unique cash flow model. These are some additional benefits of equipment financing for a trucking business.
We are industry leaders
We have an impressive team of professional and competent staffers who are well versed in the trucking industry and who handle our excellent loan facilities and can help you to structure competitive repayment plans. So far we have extended over $150 Million in Loans in all fifty states with an Approval Rate of 92%. If you seek a trucking loan facility from us, you’ll be joining a long list of satisfied clients in the industry who have used our services to sustain their trucking business.
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