Commercial truck financing is not always easy to get when you have bad credit, but for many, they are essential. Many people have bad credit, often due to issues beyond their control, such as losing a job. If your credit is less than perfect, it might not be easy to get commercial truck financing. Thankfully, when you know where to turn, it makes the process far easier to get bad credit truck loans. Reasons to Look Into Bad Credit Truck Read More
There may come a time when you want to purchase a new semi-truck for your business. When this time comes, you must take your time with the decision. The truck you buy, and the terms under which you purchase it, will have a major impact on your business. There are several steps involved with commercial truck financing, and you’ll want to give your attention to each one to ensure you end up with the best possible truck at the right Read More
Commercial trucks are vital equipment for companies that need to haul goods, make deliveries, or transport materials. However, semi-truck financing can be a challenge for many business owners because of the substantial costs involved. Commercial truck financing is an option for businesses that don’t have the budget to purchase a truck outright. How Commercial Truck Financing Works Many commercial truck financing loans involve using the truck as collateral for a loan. This works similarly to an auto loan. The lender Read More
The seek for financing by startup contractors for construction equipment seems to have increased this year, as mentioned by First Capital Business Finance president, Dustin Doi. Many of these startups are rejected by banks, because with less than two years in the business, they are usually considered as “high risk” which leaves them without many financing possibilities. Even with the pandemic, this year has been busier when compared to years before for First Capital Business Finance. Popular items have Read More
According to the American Trucking Associations, over 90% of trucking companies have less than six trucks. And Convoy estimates that over 10% of drivers are owner-operators. That means the trucking industry is primarily driven by small businesses. If you’re interested in becoming an owner-operator, semi truck financing gives you the terms you need to buy the right vehicle. At First Capital Business Finance, we provide customized commercial truck financing that adapts to your business more than traditional loans ever could. Read More
What Are The Semi Truck Financing Requirements That You Need To Qualify? Is it time to grow your transportation business? Semi truck financing can help you reach your goals. The right loan or lease makes it easy to get the trucks and equipment you need. What are the requirements? The specific semi truck financing requirements depend on whether you’re applying for commercial truck financing, a title loan, or a lease. For success, plan on six essentials. 1. Down Payment Most Read More
Have you tried and failed to get bobcat financing or skidsteer financing in the recent past due to credit issues? Many business owners deal with this problem, especially when business slows down and it’s hard to pay bills on time. Fortunately, just because you’ve been turned down by one or more lenders before, that doesn’t mean First Capital Business Finance will turn you down. We regularly offer equipment financing bad credit options that help business owners like yourself get financing. Read More
According to the American Trucking Associations, over 90% of trucking companies have less than six trucks. Convoy estimates that over 10% of drivers are owner-operators. That means small businesses primarily drive the trucking industry. If you’re interested in becoming an owner-operator, semi truck financing gives you the terms you need to buy the right vehicle. At First Capital Business Finance, we provide customized truck finance options that adapt to your business more than traditional loans ever could. Semi Truck Finance Read More
Equipment tends to make all the difference in a business. With the correct tools, a company can drastically improve its products and processes. The Improvement often leads to an expansion in their consumer base and profitability. Unfortunately, not many businesses have the working capital available to purchase brand new equipment, despite the many advantages requiring Bobcat financing. Bobcat equipment is the gold standard for many Industries. Due to its initial cost, many companies cannot afford such quality Bobcat equipment financing Read More
If you are searching for equipment loans for bad credit, you are probably concerned about finance rates. Several factors play into the cost of financing equipment. This guide will help you understand how heavy equipment financing rates work. Factors That Affect Your Equipment Loans for Bad Credit Financing Rates When you are looking for equipment financing bad credit, your circumstances will play a role in your offered financing rates. Five main factors determine the cost of your heavy equipment financing: Read More
