Contact For Acquiring Equipment For Your Business

Here's what you can expect:

This application takes about 3-5 minutes to complete. Share your business information so we can run a soft credit pull, which means it won’t affect your credit rating. Upon completion, please have ready to upload your equipment spec sheet, bid or invoice from vendor, and your last 3 months bank statements. A 1st Commercial Credit representative will contact you with available options.

If you rather have a PDF version to fill out our Equipment Finance app, simply click here to download it.

If you rather have a PDF version to fill out our Fleet Owner Financial Information form, simply click here to download it.

EQUIPMENT FINANCE APP

CLICK TO OPEN THE FORM

Tell us about your company:

Please fill-out the form below for more information about integrating Connecteam with financing your receivables.

Note: To qualify for approval, construction contractors need a minimum of one year in business and $100,000 monthly revenue from multiple clients.

Please fill out the form below and an account representative will call you to discuss and answer any questions you may have about our Fuel Card Programs.

Custom Rates Available for Fleets over $100,000/Mth

Tell us about your company:

Business Name*Email Address*Federal Tax ID #Time In Business*Industry*

Date Established*

City*State/Region*ZIP Code*Legal Structure*

Equipment You Are Purchasing

Are you replacing your vehicle?*YesNoCompany Providing Your Equipment*Is Your Business Address The Same As Your Equipment Address?*
YesNo

Equipment Type*Equipment Cost*

Ownership Information

First Name*Last Name*Owner's Email*Phone Number*

State/Region*Owner's Address*Zip Code*City*

Assets

Cash on hand as of today:Accounts receivable amount:Real Estate Assets:‍Description Of Trucks Owned:

Liabilities

Accounts Payable (Credit Cards, Fuel Bills, etc)Financiers (Loans, Lines of Credit, etc)

Application Comments

Comments

Thank you! Your submission has been received!

A member from our team will respond to you shortly.

Oops! Something went wrong while submitting the form.

Here's what you can expect:

Completing this application typically takes about 5-10 minutes. Ensure all fields are filled out, using "Not Applicable" where a particular section doesn't apply to you. DO NOT APPLY if you are under 1 year in business or under $25,000 a month in sales volume.

To begin with the Semi-Truck Finance App, please select the number of owners that have more than 20% ownership in the business.

CLICK FOR 1 OWNER

CLICK TO OPEN THE FORM

CLICK FOR 2 OWNERS

CLICK TO OPEN THE FORM

CLICK FOR 3 OWNERS

CLICK TO OPEN THE FORM

Please read our general credit guidelines before proceeding with your application.

DOT infractions on the SAFER Report above the national average are Grounds for Denial

All Business must be conducted in the USA with the exceptions of New York, California and Louisiana. Applications from these States will not be considered

FINANCIAL STATUS AND STRUCTURE OF THE BUSINESS

‍No Sole Props Will Be Considered, Must Have Corporation

Minimum Monthly Revenue Of 25k Required

At Least 10% Ending Balances Of Monthly Revenue To Be Considered

Bank Statements Required

3 Months of Complete Business Bank Statements (All Pages)

NSFs (Insufficient Funds) and Overdrafts are Cause for Denial / Use of Overdraft Protection is Allowed

Start-Ups must have 1 year active in Business – 3 Months of Personal Bank Statements

Merchant Cash Advances (MCA) on Bank Statements – Grounds for Denial

THE EQUIPMENT

‍Any Equipment Older Than 5 Years Of Age Will Not Be Considered

Equipment Over 650,000 Miles Will Not Be Considered

Must Be Clear Of All Brands Including But Not Limited To: Salvage / Rebuilt / Cumulative Damage

Power Units - USA Titled Trucks Only, No Trucks Titled Out Of The USA

Any Truck With MaxxForce, Navistar, International Engine Will Not Be Considered

625 - MINIMUM FICO 2 CREDIT SCORE

12 Months With No Child Support Delinquencies

12 Months With Minimum History With Installment Loans - No Late Payments

25% Or More Available On Revolving Credit

For Applicants With A Under 700 Credit Score Must Have At Least 2 Term/Installment Loans

Education And Affirm Loans Will NOT Be Considered As Credit For Installment

Accounts For Scores Under 700 CBR

All Accounts With Past Due Balances May Be Considered As Sufficient Reason For Denial

Fraud Alert On CBR Must Have A Corresponding Phone Number To Verify And Process

Past Dues With Balances Are OK On Utility, Phone, And Medical Obligations Only

PRIVATE PARTY SALES/SELLER (PPS) DEALS

For Titled Equipment Only - Title Must Never Be In The Possession Of The Buyer

1st Commercial Credit Or An Independent Third Party Must Have Control Of Title / Prior To Or At Funding

Buyer, Seller, And 3d Party Inspector Must All Be Present For The Exchange Of Funds And The Equipment/Title

Minimum Finance Amount Is Generally $50,000

The Buyer And Seller Must Be An "Arm's Length Transaction" (Not Related)

BUSINESS OWNERSHIP/PERSONAL GUARANTORS

‍All 20% Or More Owners Must Apply Under The Business Name

All 20% Or More Owners Must Be A Personal Guarantor (PG) On The Deal

Only 1 (One) Of The Owners Needs To Be Real Estate Owner (For OTR Trucking Deals Only)

All Personal Guarantors Must Have A CBR FICO 2 Greater Than 625

If There Is A Question On Business Ownership - IRS Schedule K And/Or Articles Of Incorporation Are Needed

TIB (TIME IN BUSINESS REQUIREMENTS)

1 Year ACTIVE And Applicant Must Exhibit Competence In The Business/Industry

All Applicants Are Required To Be Responsible For Operating The Business Day-To-Day / No Absentee Investors

Applicants With More Than 3 Years Of TIB Are Not Required To Possess A CDL

START-UPS

Must be Driving their First Truck or Operating the Equipment - 1 year minimum / No - Investor Start-ups

Real Estate Ownership is Required for OTR loans

$100,000 Net Worth is Required / 1st Commercial Credit will Finance up to 50% of the Net Worth or $75,000 / or 80% LTV – Less of the 2

GOVERNMENT LOANS

‍SBA (Small Business Administration) & PPP (Paycheck Protection Program) may be Excluded from the Balance sheet due to US Federal Government Loan Forgiveness

EIDL (Economic Injury Disaster Loans) will be Included

PERMANENT RESIDENT / GREEN CARD HOLDERS (NON-EXPIRED) - NON-USA CITIZENS

Must Own Real Estate

Must have a “Non-Conditional” 10-year Permanent Resident Card (2-year Conditional Cards are not accepted)

ADDITIONAL COLLATERAL TO REDUCE DOWN PAYMENT (TITLED/VIN ONLY) AT 50% OF 1ST COMMERCIAL CREDIT'S DETERMINED COMPARABLE VALUE

‍Third Party Inspection is required

ACH Payments Required for all Deals

EXPRESS SETUP Your Account In 24 Hours

100% Non-Recourse Credit Insured Trucking Factoring

A Simple Way To Acquire Equipment For Your Business

Custom Rates Available for Fleets over $100,000/Mth