(847) 282-4933
520,000
Equipment Refinance
Long Haul Trucking Company
Case Background

Financing for trucking business could be expensive and our client was in similar situation. He owned a 10 years old trucking company with 30 trucks and 20 trailers in fleet, out of which 11 trucks and 8 trailers were financed with APR ranging between 10-15% and the monthly payments were around $21,000.

Challenge

The client wanted a lower APR but the current lenders did not want to lower the APR despite the client’s good payment history.

Result

We connected the client with a Credit Union which refinanced all of the trucks and trailers with an APR of around 6% and the clients’ monthly payments decreased from $21,000 to $15,000 saving the client $6,000 every month.



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Project details
If applicable, don't include rehab funds being requested at this point in the application. You'll be asked to include the rehab figure later.

PLEASE BE REASONABLE WHEN SELECTING CLOSING TIME. Timing effects your financing options. Usually, the less time we have to close your loan, the more expensive the financing options will be.
"Verifiable improvements" are those improvements that can be substantiated by paid contractor invoices or receipts (no sweat equity)
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