equipment financing for personal vehicle
Need a Funder or Vendor? START HERE

Results 1 to 4 of 4
  1. #1

    equipment financing for personal vehicle

    Hello. I have a client who is looking for a business loan to purchase a personal vehicle. The business is doing about $450k per year and the client has a 680 fico. Is it possible he can qualify for an equipment loan? Thanks

  2. #2
    Senior Member Reputation points: 68639 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,157

    Dealers have better deals....both new cars and used cars....Also go to a credit union if he wants to finance a private party purchase.

    Toyota Low-APR Deals -- Only very well-qualified buyers will qualify for the lowest APR
    Toyota low-APR finance deals are like money in the bank. You can find a wide range of low-APR car deals for cars that fit your budget and lifestyle. From cars and trucks to SUVs and hybrids, you can find low-APR financing Toyota specials at a dealer near you. Perhaps you have had your eye on one of the new C-HR models. A 0-4% APR Toyota deal can help put that new car in your driveway. You can also find APR deals on cars like the reliable Camry, fuel-efficient Corolla, and even the all-new Highlander Hybrid. Different deals come with different APR rates and term lengths, as well. Just ask your local Toyota dealer about your options for Toyota 0% or low-APR finance deals. Only very well-qualified buyers will qualify for the lowest APR. APR stands for Annual Percentage Rate and reflects fees or interest on top of your car payment. A 0% APR Toyota deal means that you don't pay that additional fee. With possible 0% financing, Toyota puts you in control of your car ownership. Get the car you've always wanted without a high APR rate. Interested in Toyota financing deals? Find a local dealer today and inquire about low-APR financing Toyota offers. Make that dream car a reality today.
    Last edited by Olderguy; 10-24-2022 at 10:07 PM.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  3. #3
    Senior Member Reputation points: 23085
    Join Date
    Nov 2013
    Posts
    597

    Quote Originally Posted by Keysade View Post
    Hello. I have a client who is looking for a business loan to purchase a personal vehicle. The business is doing about $450k per year and the client has a 680 fico. Is it possible he can qualify for an equipment loan? Thanks
    He can buy under business name a personal vehicle through Ally bank as long as business credit is sufficient.

  4. #4
    Ok. Thank you

Similar Threads

  1. Equipment/Vehicle Financing
    By mross@LENDBUG in forum All Other Lending
    Replies: 0
    Last Post: 06-10-2022, 04:38 PM
  2. Commercial Vehicle Financing
    By creloan in forum Promotions
    Replies: 0
    Last Post: 01-28-2017, 05:28 PM
  3. Replies: 2
    Last Post: 01-04-2017, 12:35 PM
  4. Truck and vehicle Financing scource
    By bdshaw in forum Deal Bin
    Replies: 1
    Last Post: 02-04-2016, 10:02 AM
  5. equipment financing without personal guarantee...
    By lovetofund in forum Deal Bin
    Replies: 2
    Last Post: 06-11-2015, 02:29 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendica partners w/ EBizCharge
Pipe plans to fund $1B to SMBs
URBN partners with Stripe


DIRECTORY