Bad credit equipment loans
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  1. #1
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    Bad credit equipment loans

    Can anyone do anything for scores under 600 on equipment loans? I have some owners looking to buy equipment or semi trucks but low scores. Some high income but scores are really bad. No forms of collateral and not wanting working capital.

  2. #2
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    Trucks

    Quote Originally Posted by tbrown View Post
    Can anyone do anything for scores under 600 on equipment loans? I have some owners looking to buy equipment or semi trucks but low scores. Some high income but scores are really bad. No forms of collateral and not wanting working capital.
    How much does the client have as a down payment

  3. #3
    I can help. Email me for details.
    Sbatchelor@umsfunds.com

  4. #4
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    For downpayment most can do up to 10% or more if needed.

  5. #5
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    Bad credit equipment loans

    You only have two assets. Your time and knowlege.
    You are waisting your tome on a truck finance deal that could only be done with 50% or the equivilent equipment down.
    Perhaps UMS can offer 18-24 months for your client.
    Bob

  6. #6
    I have seen transactions get funded with FICO scores as low as 520. Sometimes it is more about time in business and overall financial situation than the credit score. We have a specific program for subpar credit. Feel free to shoot me an email for more info : Joeh@firstfinancialweb.com

    Joe,
    Joe Hanine | VP Business Development
    First Crest Capital
    444 West Ocean Blvd, STE# 800,
    Long Beach CA, 90802
    info@firstcrestcapital.com
    Tel:323.205.5326
    www.firstcrestcapital.com

  7. #7

    Bad credit equipment loans

    Iso@everlastingcapital.com 888 777 8144

  8. #8
    we dont care about credit ..... its all about cash flow . throw em my way 347-897-0298 The LCFGroup

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