Simplify Your Commercial Vehicle Financing with National Truck Loans
If your business is thriving but you need funding for heavy investments or upgrades, you’re in luck. National Truck Loans has been a leader in the field for 15 years, providing comprehensive box truck financing solutions. As direct lenders, we streamline the process, eliminating the need for intermediaries and ensuring faster, more cost-effective service. From start to finish, we’ll be by your side, guiding you through every step.
Tailored Solutions for Your Box Truck Financing Needs
Arranging box truck financing can be daunting due to the overwhelming number of options available. We understand the challenges and strive to provide you with a quick, transparent experience that caters to your specific needs. Even if you have a poor credit score, you can still count on us for the best box truck loans. Our assessment criteria go beyond credit scores, taking into account your payment history, collateral, and overall financial profile. We specialize in assisting startups and small business owners with lower credit scores (C or D) in securing seamless loans.
Our Quick & Easy Process: Get Pre-Approved Today!
Obtaining box truck financing is just a few steps away. Start by filling out a simple form to get pre-approved today. Our team of experts will carefully review your application and provide you with the best possible solution. If you have any questions about the preapproval process or any general queries, feel free to give us a call at 855-562-6875 or shoot us an email at [email protected]. Our customer support representatives are ready to assist you promptly.
Required Documents for Preapproval
To expedite your preapproval process, it’s essential to have all your documents ready. Here’s what you’ll need:
A Detailed Business Plan and Relevant Documents
If you’re seeking funding for a startup, a well-prepared business plan that outlines your vision, goals, and features is essential. If you’re expanding your existing business, provide key documents such as proof of registration, business licenses, box truck registration/license number, cash flow statements, a balance sheet, and a profit and loss account for the past 12 months.
Credit Score Assessment
Your credit score is another crucial document necessary for box truck loans. Aim for a credit score of 680 or above. If your score falls below 680, we’ll consider other documents that demonstrate the strength of your financial profile. You may need to provide collateral to secure approval for the loan, such as property documents or your cash flow statement. Lenders use credit scores to evaluate outstanding loan payments, bad debts, and other financial factors that determine your reliability as a borrower.
Proof of insurance is mandatory for box truck financing. Secure an insurance policy that covers not only the box truck itself but also its equipment and driver’s compensation, ensuring the safety of your workers in case of a lawsuit.
Commercial Driver’s License
Before applying for a box truck loan, you’ll need to present a commercial driver’s license. This license indicates whether your business operates interstate, intrastate, or in foreign commerce. In general, you should have held a commercial driver’s license for over three years. This requirement helps us assess whether you’re a high-risk or low-risk borrower, which determines the applicable interest rate.
Providing tax documents that cover at least 12 months’ worth of returns offers valuable insights into your business’s expenses, revenue, and other operating statements.
Once you’ve gathered and submitted all the required details, our team will determine the best box truck finance solution for your company. We’ll review the documents and email them to you for confirmation. After you’ve confirmed the authenticity of the information provided, we’ll initiate the processing of your documentation and update you as soon as it’s complete.
Why Choose National Truck Loans for Box Truck Financing?
There are numerous reasons why National Truck Loans stands out as the ideal choice for your box truck financing needs. With our 15 years of experience leading the commercial vehicle financing industry, we have the expertise to provide the best solutions. Our services extend beyond box truck loans; we also specialize in financing options for various vehicles, including food trucks, commercial trucks, and dump trucks. Whether you need funds to purchase a new vehicle or upgrade an existing one, we’ve got you covered.
What sets us apart is our commitment to simplicity and transparency. Most of our procedures are completed online, eliminating the need for you to constantly visit our office. We prioritize guiding our customers through each step of the process, ensuring clarity and alignment with your specific requirements.
We also take a holistic approach to credit assessment, considering factors beyond just credit scores. Even with a poor credit score, you still have a fair chance to apply for box truck finance. Don’t miss out on the opportunity to expedite your box truck financing process—get in touch with us today!