For many businesses, a fleet of trucks is a necessity. These are the vehicles that help businesses to move their inventory and equipment from location to location, or that provide support and delivery to customers and clients across the country.
However, these commercial trucks are not cheap to purchase, nor are they cheap to maintain.
Do you need a dump truck, commercial van, or another vehicle to add to your logistics fleet? Well, this requires some investment.
What’s more, if you’ve been rejected for commercial truck funding in the past, or if your credit history is not sufficient to help you get the capital you need, you may feel helpless.
In fact, you’re not. You have an alternative — First Down Funding.
we help small businesses with working capital funding for short & long term projects
Apply nowWe do things differently from other funding providers. We have designed our application process in such a way that any business owner seeking funding for a truck purchase can get what they need. It is a two-step process, requiring only a few basic answers to get you approved and well on your way to a more effective business.
We work closely with you, gaining an understanding of what you do and what you need and then working to provide you with the truck funding options that are best for you.
The PlayBook by First Down Funding
Overview, Calculations and Case Study
There are options open to you if you do not have a good credit score. Take a look at some of these possibilities below and make sure your credit history does not preclude you from getting the truck you and your business so desperately need.
If your business is earning money, this is proof that you will be able to meet any repayment requirements in the future. Use your current contracts and recent credit card receipts to prove this. You may also use this option to draw a cash advance to cover all or some of your commercial truck purchase. First Down Funding can offer this.
Just like people get positive references from former employers or landlords, you may also decide to get a reference from previous funding providers. If they can vouch for your responsible attitude to funding, this may help you with future applications.
A recourse dealer may be able to give you the funding you need on vehicles, without the same stringent application processes as those implemented by mainstream funders.
There may be a good explanation for your poor credit history. If this is the case, make this known. Put it into writing so future funding providers understand what is going on. You may also need to provide receipts and other documentary proof to back up your claims.
Remember, for a funding provider, the risk of bad credit is that you will not be able to keep up with the repayments. Collateral is an easy way to minimize this risk. If you have a high-value asset that can be signed over to the funder as collateral, this may make the application process easier.
Of course, the best choice for any business struggling with bad credit is to reach out to First Down Funding. We have a wide range of funding options, even for those with a poor credit history.
Make us your first point of contact and let’s get you the capital you need to grow your fleet.
we help small businesses with working capital funding for short & long term projects
Apply nowOur team has the experience and skill you need to build your commercial truck fleet. We work with you, understanding your problems and pain points, and putting together a funding package that provides the solution.
There are many reasons to choose us.
You may also benefit from our cash advance product.
This involves selling your projected sales to our team at a discounted price. Then, you pay us a percentage of each sale you receive until the full amount is covered. You can gain up to $1.5 million in funding at any one time via this method.
You’ll be able to use this service again and again, whenever you need working capital or any other income boost. You might find that this is a far better option than a traditional funding package. Reach out or apply today.