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Lease Financing Over-the-Road Interstate Sleeper Trucks

 

Atlantic can help you with tractor and trailer financing whether you are a small and large over the road hauler; owner operators or one with a fleet of units and employees.

 

Through our network of private investors, community banks and insurance funds, we can help expand or upgrade your fleet.

 

Call us today 1-800-503-1972.  Here's what we will ask about:

  • Your exact legal business name; its physical address, telephone, fax, cell phone (required for owner/operators), business structure, tax ID number, type of business, and time in business.

  • Your full name, home address, home phone, time at current address (years and months), and Social Security Number .This is requested for each owner.

  • Your gross Annual Revenues and what type of documentation is available for verification

  • Your business bank and trade references to include account numbers and name and phone number of direct contacts.

  • Use of proceeds (i.e. replacement or addition to fleet).

  • The Number of tractors owned, and number of trailers owned (identify units to be replaced if applicable).

  • Are you a driver? If fleet is less than 5 trucks and you, the borrower are not a driver, an explanation must be provided.

  • Complete description of equipment to be acquired including specific type of truck (sleeper, day cab, etc.) and specific type of trailer (dry van, flat bed, car hauler, etc.). If dry van trailer, is it air ride or spring ride? Truck and engine mileage is critical to the deal.

  • Your down payment or equity must be explained. Down payments will require a copy of the check before funding.

  • Any additional information including a brief overview of the company, and anything pertinent to the deal not included in the above.

What About the Credit Requirements?

 

These will vary from investor to investor but there are a few basic criteria every investor will review:

  • Credit Score:   Most investors will look for your personal credit score to be 675 or higher.

  • Time in Business: Generally, we need to show you have been in operation no less than two years; more favorable terms are available after you have been operating for five or more years.

  • Business Credit Rating: If your business has been extended payment terms, and that vendor is reporting your prompt payment history, your Paynet rating should be satisfactory and your Dun & Bradstreet Paydex rating should be 65 or higher.

  • If the business does not have five employees and five tractors, the owner must be a home-owner and provide owner operator history for the last three consecutive years.

 
 
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