Commercial Fleet Financing
specializes in providing fast and effective financing solutions. We channel
our efforts into niche markets that are predominately occupied by small
to medium size businesses which are typically ignored by finance organizations
who primarily pursue large transactions.
We provide our customers with:
Quality Customer Service.
We work hard to get our customers’ credit approved, promptly generate
contracts, and coordinate obtaining the documents necessary to close the
After all documents have been received, we fund the transaction propmptly.
Wire transfers are also available.
With our strong financial backing, our pricing is the most competitive
in the market.
We understand the transportation business as well as new and used equipment.
Our Commercial Financing group has been providing financing to the transportation
industry for over 10 years.
Fixed Rate Loans:
With this product, the customer owns the vehicle, makes monthly payments,
and can take tax benefits such as interest deductions and depreciation.
Because the customer is the legal (titled) owner, there is no change of
ownership at the end of the financing term. The customer is responsible
for all costs of ownership including insurance, maintenance, and applicable
taxes. Floating rate loans are also available.
Our most popular leasing program. A TRAC lease is a tax-oriented lease
on qualified motor vehicles and trailers. The TRAC amount is agreed to
by the parties at lease commencement. A TRAC lease requires an adjustment
of rentals at lease termination based on the amount realized upon sale
of the vehicle compared to the TRAC amount. In all TRAC leases the lessor
is the legal owner of the vehicle for tax purposes. The lessee makes tax
deductible rental payments.
Closed End (FMV) Walkaway Leases:
With this product the customer has no obligation to purchase the equipment
at the end of the lease term. The lessor is the owner of the vehicle for
tax purposes, the customer makes tax deductible rental payments. At the
end of the lease term, the customer may return the vehicle, extend the
lease, or purchase the vehicle at fair market value.
All products can be modified for a specific market or for a customer’s
cash and tax
planning needs. The modifications can include special features like skipping
certain times of the year, lowering payment at the start of the lease,
or deferred or
graduated payments. Specialized leases like Tax-Exempt leases for state
governments are also available.
Financial Package Requirements (For Requests Over $
In order to expedite your credit review and offer you our most competitive
financing, we will need the following financial information:
- FYE 2006/2007 and most current 2008 financial statements. Please provide
corporate tax returns if financials statements are unaudited.
- Bank account reference. Current equipment lease or loan references
numbers and phone numbers. Please list any bank that your company has
loans or leases with.
- Background information on your company and breakdown of ownership.
- Name and address of your insurance company and vehicle liability
- Equipment specifications.
- Signed credit application.
We look forward to working with you on your transaction. Please feel free
to contact us toll-free at (888) 320-4CFF if you should have any questions