Box Truck Financing | Box Truck Loans for Newer Businesses | Box Truck Equipment Leasing

In this video we talk about Box Truck Financing, More specifically Box Truck Financing for New Businesses.

🔥🔥🔥For more info about Box Truck Financing, semi truck loans, big rig financing, and more, connect at:

Email -- Info@TheBroker.Finance or (714) 271-8524 (call or text)

In this video I talk about Box Truck Loan Start Up Businesses. Here's a loose / rough transcript:

Let's first define what a new business is. Some lenders consider you a new business if you're less than 2 years old. However, others consider you to be new if your business is less than 3 years old and others even consider you new if you're less than 5 years old in terms of equipment financing or leasing.

For the purpose of this video, we're really just talking about brand new start ups or business that are less than 2 years old.

I will talk about perfect credit and then I'll talk about really poor credit.

Let's just say you're a newer business and you have perfect credit and you're like 700 or 720 or higher credit score. here's what it will take to finance a box truck in terms of a down payment. If you're looking to make a box truck equipment financing request of $50,000 or less, you can potentially finance it with no down payment. However, you'd have to bring 1st month and last month's payment to the table up front when you sign your loan papers and take delivery of your truck.

Now, if you're looking at an equipment / box truck finance request of more than $50,000.00, then as a newer business you'll need to put down more like 10-20% and again it depends on all the particulars. Every lender looks at like 15 different things to determine your credit worthiness, etc.

Ok, so now let's shift over to a newer business with really bad credit. Let's say that you're a brand new business, you have really bad credit and maybe even a BK discharged, like yesterday. I can still finance you. I still have options for you. If you can muster up a 40% down payment, I can finance anybody......including the scenario I just mentioned.

Obviously, it can be a cash down payment, but you can also pledge secondary collateral to finance your box truck. If you have other business equipment that's free and clear, then you can pledge it as secondary collateral (assuming it's equipment they will allow as secondary collateral). You can even use real estate if there is enough equity. Of course you want to be careful because you need a place to live and you want to make sure you can make the payments so your home's not put in jeopardy.

Now, let's just say your credit's not the worst it could possibly be. It's just a little tarnished and you have decent credit scores. Well, your down payment requirement will probably be somewhere between 15 and 35%. It just depends on all the particulars.

No matter how you slice it, I'd love to help you finance or lease your box truck for your newer business.

🔥🔥🔥Email -- Info@TheBroker.Finance or (714) 271-8524 call or text

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