No Doc - Secured Term Loans
- No Financials needed
- No Minimum Credit Score
- Loans to $3m
- Fully amortized term loan with 4-year terms.
- 75% LTV based on auction value
- Loan amounts from $100,000 to $3 Million
- No end of term buy-out and no balloon payment
- Terms to 48 months
- A real interest rate NOT a factor
- Borrowers out or pocket costs are for appraisal and legal docs (to close loan)
Approvals are based on any equipment that the lender deems viable.
An appraisal will be ordered and LTV's are generally based on the auction value of the equipment that will be pledged as security on the loan
An appraisal will be ordered and LTV's are generally based on the auction value of the equipment that will be pledged as security on the loan
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Equipment Loans
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Semi Truck & Trailor Loans
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Commercial Vehicle Loans
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