|
Types of Financing
Special Programs for Very Damaged Credit
Running your own business can be challenging. Often times, particularly early on, it can be extremely taxing on your credit. You either stretch yourself thin with start-up costs or you do a job for a client and it takes them 45, 60, or even 90 days to get you paid. Ouch, that hurts. Not only is it hard on you mentally, but it can be very hard on your credit.
Vitality Finance Group has many programs & we cater to businesses with good credit AND poor credit. If your credit has been damaged, Vitality Finance Group has programs custom tailored to credit challenges spanning two separate categories:
- Damaged credit with a 600 or higher Trans Union score (similar to our Special Programs for Truckers . If your score is not higher than 600, we can add a co-signer & we'll simply average your Trans Union scores. There are many other special perks to this program, but the key is selecting an off-lease piece of equipment from our website's CURRENT INVENTORY. We have over 400 pieces of equipment to choose from including trucks, yellow iron, specialty work trucks and much more. We always like to help you use the vendor of your choice to get your equipment, but this is a great option if you've had a tough time getting qualified elsewhere AND you fit into the following parameters:
- 600+ Trans Union score
- Bankruptcy Requirements currently WAIVED
- 1st payment due at closing, zero down
- Time in Business Requirement currently WAIVED
- No Financials needed up to $250,000
- Obtain equipment insurance
This program is truly an awesome option & offers great terms for credit that would not be considered to be sterling. We've had great success with it for our clients. Call now or apply now online. The decisions are usually issued on the same day or the following day depending on the time the application is submitted. Remember, it's this easy: pick your equipment, fill out the application online, we'll call you if we don't hear from you first & find out the decision within 24 hours. From there, the rest is very easy & we'll be with you every step of the way.
- Our second option is a collateral based program (400 plus Trans Union Score). We can get nearly anyone financed to acquire the equipment needed to ensure the vitality of their business. If you need equipment, but can't finance it anywhere it can be done if you have secondary collateral. Here is how it works:
- Decide which equipment you'd like to buy (feel free to choose from our CURRENT INVENTORY
- The collateral can be any of the following & we need roughly a 2.25 to 1 ratio (collateral to equipment being purchased):
- Real Estate (yours or co-signers)
- Land works too
- Other equipment you own outright
- Equipment a co-signer owns outright
- Stocks, bonds, mutual funds, or any other non tax advantage accounts.
- Personal vehicles you own outright & valued over $10,000
We can be creative here. This is strictly based on collateral. We've been able to get equipment for companies that have an owner that has a 405 Trans Union Credit Score. Wow! With the right collateral, (for land & real estate the formula is 70% of the appraisal less existing liens) there are not many things that can get in the way. The key to this program is to remember the following: WHAT IS THIS EQUIPMENT (or cash in a sale lease-back transaction) GOING TO DO FOR ME? WHAT KIND OF MONTHLY REVENUE WILL IT GENERATE? DO I HAVE SECONDARY COLLATERAL AVAILABLE? Here are some special highlights of the program:
- Zero payments due up front (with enough collateral & not all will qualify)
- Programs that reach below a 500 credit score if need-be
- Sale lease-back program to get fast cash
- Application only + a collateral list
- Fast Funding
- Discounted payoff if you pay off the lease early (ask us for details)
- Flexible payment options
APPLY NOW FOR A FAST ANSWER.
IF YOU'RE INTERESTED IN CREDIT REPAIR, CHECK THIS OUT. Credit repair is not that hard. The trick is getting someone or something (books) to show you how. I prefer a do it yourself approach and have read many books that touch on credit repair. I've reviewed 4 of my favorite books that can be found on the following link http://vfgfair.com. This teaches you how to do it yourself & there is no need to spend hundreds or thousands of dollars at a credit repair company. If you prefer, we can also put you in touch with one of our valued and trusted affiliates that handles professional credit repair. Check out this section of our site. The first thing you'll see is a link to contact Vitality Finance to get professional credit repair. Below that are several reviews for guides that teach you all you'll need to know about credit. After each review, there is a link to read more & purchase each product if you wish.
|
