Posted by admin on Oct 16, 2010 in
Finance Second chance finance option is available for semi trucks, over the road trucks, tractor trailer owner operators. Second chance financing and leasing is available to start ups and seasoned businesses due to current economic conditions. Today’s economy is all over the place and conventional semi truck financing has dried up at many banks and/or lending institutions. Semi Truck owner operators can seek and find special financing in the secondary markets where there are repossessions and off lease Semi trucks to be secured for acquisition.Â
Due to a contracting economy, many lenders have excess inventories on their books that they need to put back on the street. These in-house inventories are non income producing, therefore putting pressure on the lender to make a deal with the consumer. These deals can be found in the price, the financing or a combination of both.
 Some lenders are will finance repossessed and off semi trucks in the repo market   with a minimum credit score of 550. This gives the startup and/or seasoned business a second chance financing opportunity to start and/or expand their fleet with bad credit. This opportunity would have never existed in the past.
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 REQUIREMENTS OF ONE AVAILABLE FINANCE PROGRAM
    Credit scores must be 550 or higher
  Discharged bankruptcies up to twelve months
  Financing up to $60,000
  Lease to Purchase with 10% buyout
  Trac Lease only
  Special finance program for drivers with less than two years owner operator experience
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         UNABLE TO QUALIFY FOR********************
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    Back child support with no payment plan
    Tax Liens
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The applicant must have a minimum $4000 down payment
 The types of semi trucks, over the road trucks, and tractor trailers we are talking for the finance program are : Read more...
Tags: Available, Chance, Finance, Operators, Option, Over, Owner, Road, Second, Semi, Tractor, Trailer
Posted by admin on Sep 18, 2010 in
Finance Many a time, it is seen that small or medium business owners find it hard to manage different functions at the same time. They have to deal with regular or even daily needs of funds for various things like paying employees, daily wages, organizational maintenance, transportation and so on. Transport businesses, construction businesses and sometimes even big organizations are faced with this problem of funds when it comes to smooth functioning of their business.
Situations for small businesses, like new trucking companies, become even more difficult as they have to meet recurring expenses like fuel, maintenance, tires etc. They cannot postpone such payments to a later date, just because their customers have engaged their services on a credit period of 30-60 days. Organizations find it very difficult to manage their finances this way. They often find themselves trying to arrange funds rather than concentrate on activities like staffing, routine checks of vehicles, marketing, contacting and dealing with new customers and so on. As funds are unavailable at the time when they need it most, they may miss out on new contracts. Thus the growth that they hope for may be stunted.
The issue that arises with banks, for finance, is that it takes some time to process loans. If it happens to be for new or small businesses, banks are not ready to provide finance for various reasons like their credit ratings, the number of years in business and so on. There are, however, various options available for financing, other than bank loans. Read more...
Tags: Accounts, Financing, Over, Receivable, Rough, Tiding, Times
Posted by admin on Aug 15, 2010 in
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Product Description
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Tags: Credit, eBook, Improve, Legally, Over, Score, Tips
Posted by admin on Jul 29, 2010 in
Loans Lenders are known to be difficult when it comes to loan modifications. But did you know that they benefit at least as much from the process as you do? The main reason they balk at Mortgage Modification is that they have to train agents to handle them, and each case requires individual attention. But it also saves them a good deal of time compared to foreclosure, and may even have a few long-term benefits. Here are some good reasons why your lender might prefer a loan modification over a foreclosure.
It’s faster and cheaper. In a foreclosure, there are specific wait times that allow the borrower to get current with their mortgage. It’s not uncommon for the process to drag on for almost a year. These delays can cost your lender a good deal of money. A loan modification, on the other hand, takes an average of 30 to 60 days. All they have to do is go over your documents, talk to your loan modification attorney, and see if you qualify. The negotiations are the hardest part, but they don’t cost quite as much as foreclosure expenses.
It’s less work. To start the foreclosure process, your lender will have to assess late charges, file a Notice of Default, pay heavy lawyer fees, and arrange an auction to sell your home. And if you manage to get back on track and stop foreclosure, all the work simply gets filed away. Loan modifications involve less work on their part. You and your Loan Modification Attorney will do most of the work and provide most of the documentation. Often, all they have to do is assess your case and decide what kind of mortgage assistance you will need. Read more...
Tags: Foreclosure, Lenders, Loan, Modification, Over, Prefer