Vendor Setup Form | 1st Commercial Credit

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20+ Years In Business

Providing A Convenient Way To Acquire Equipment

Wide Credit Score Range

Easy Application Process

Access The Form

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.

Company information

Company Name and DBA (if applicable)*

Legal Business Structure*

Business Address*

City*

State*

ZIP Code*

Federal Tax ID #

Date Established*

Company Website

Company Main Phone*

MC Authority

DOT #

Owner’s Information

Owner #1 First Name*

Owner #1 Last Name*

Date Of Birth*

Phone Number*

Owner #1 Email (For Documents)*

City*

Home Address*

Zip Code*

State*

Social Security # *

% of Ownership #1*

Any Bankruptcies in the Last 5 years?*
YesNo

Owner #2 First Name

Owner #2 Last Name

Date Of Birth

Phone Number

Owner #2 Email (For Documents)

City

Home Address

Zip Code

State

Social Security #

% of Ownership #1

Any Bankruptcies in the Last 5 years?
YesNo

Truck and Trailer Assets

Number of Power Units Running

Average Miles per Power Unit

Total Monthly Truck Payments

Total Balance Owed On Truck(s)‍

Total Monthly Trailer Payments‍

Number of Trailers Buying/Leasing

Total Monthly Insurance Premium

Name of Insurance Company

Type of Freight Services

Sales and Expenses

Average Monthly Sales

Avg. Monthly Expenses/ Maintenance /Fuel

Average Monthly Fuel Purchase

Outstanding Fuel Card Balance

Last Year Sales

Last Year Taxable Income Amount

Year to Date Sales

Year to Date Net Profit

Ending Bank Statement Balance Last Month

Term Loans – Banks - Financing

Do you have any Short-Term Loans?

If Yes, How much is owed?

Total Receivables (Unpaid Invoices)

Do you use a Factoring Company?YesNo

Equipment to Purchase

Describe Equipment / Truck / Trailer*

Equipment Cost*

Serial Or Vin Number

What State will it Be Registered In?*

Vendor / Seller Company Name

Vendor Phone Number*

Vendor Sales Person*

Vendor Email*

Any Deposit Given?

Current Balances with Trade references

Name of Supplier (1)

City/State

Telephone No.

Contact person

Years/Months as Supplier

Payment Terms (net 30,60)

Balance 0 to 30 days

Balance Past 30 days

Name of Supplier (2)

City/State

Telephone No.

Contact person

Years/Months as Supplier

Payment Terms (net 30,60)

Balance 0 to 30 days

Balance Past 30 days

Name of Supplier (3)

City/State

Telephone No.

Contact person

Years/Months as Supplier

Payment Terms (net 30,60)

Balance 0 to 30 days

Balance Past 30 days

Application Comments

Comments

By submitting this form below, the undersigned individual, who is either a principal of the credit applicant or a personal guarantor of its obligations, authorizes 1st Commercial Credit, LLC and/or debtor and affiliates, successors or its designee (and any assignee or potential assignee thereof) to obtain consumer credit reports relating to his/her individual credit history and/or creditworthiness. Such authorization shall extend to obtaining a credit profile in considering this application and subsequently for the purposes of update, renewal or extension of such credit or additional credit and for reviewing or collecting the resulting account. A photostat, electronic signature or facsimile copy of this authorization shall be valid as the original. By signature below, I/we affirm my/our identity as the respective individual(s) identified in this application

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.

Tell us about your company:

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.

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.

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 $25,000

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 / 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