We Strive to be the Very Best
Call us at: 773-234-6322
Big Rig Funding Solutions
Our Credit Criteria and Guidelines:
At Big Rig Funding, we take care to provide our customers high quality services personalized for their unique needs. We are available to take your order 24 hours a day, 7 days a week. Our staff members are professional, courteous and efficient.
If you have any question concerning deliveries, pick-ups or prices, please don't hesitate to contact us. Our friendly customer service staff will help find the best solutions for you.
OUR CRITERIA AND GUIDELINES:
Transactions from $30,000 to $200,000.
Minimum FICO score of 650 and above credit score (We have an affiliate program if the score is lower)
Minimum time-in-business of two years
Personal Guarantor required (unless company is very strong)
Minimum bank balance of $10,000
Minimum net worth including real estate of $100,000
No bankruptcies or major derogatoriness such as a repossession, foreclosure or open lien
Owner/Operators and sole-props are okay
2007 or newer with fewer than 500,000 miles
7 years and newer on trailers (1-2 year window on specialized collateral)
2 years minimum in business
Owner Operators and Start ups (on a case-by-case basis)
3 or more trucks in fleet (Can be adding a Third if it’s a solid deal)
Terms
Term lengths are often determined by the requested financing amount, customer’s industry and marketability risk of the collateral, and range from 24 months to 60 months. The lenders offer proposals for TRAC leases, capital leases, PUTs, and loans or EFAs. Customers should expect total out-of-pocket inception expenses between 5% for great credits, and 20% for difficult credits.
