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Off lease and repossessed construction equipment, new and used, specials are available for sale in this recession with conventional and off lease and repo financing. This economy has given the start up and seasoned business a tremendous buying opportunity. As the construction season has heated up, there are truckloads of construction trucks and equipment waiting forclientele. The best deals come in the form of cash buyers who can control their purchase price with the power of cash. Conventional financing is obtainable to businesses that have good and/or excellent credit. The makes and models of used construction equipment and trucks include Caterpillar, Case, John Deere, Kobelco, Komatsu, Peterbilt, Kenworth, Mack, Freightliner, Volvo, GM, Ford Sterling Etc , Thekinds of equipment will are talking about include wheel loaders, excavators, backhoes, telescopic forklifts, dozers, For those who have good credit, they have the chance to apply for application only programs. These construction financing programs offer thecandidate financing on construction equipment and truck acquisitions withnegligible paperwork. Usually the summary page of the last three months business bank statements plus the signed and dated application is the required paperwork. The application only programs run up to $50,000 to $75,000. Furthermore, the candidate must be in business for a minimum of two years. For those applicants looking for more than $50,000-$75,000, the financial institutions require full documentation. These full documentation programs offer the applicant a great rate and flexible buyout terms. Below is the minimum requrements that the applicant must get hold of in order tocomplete this level of financing. Usually, banks will go up to $250,000 or possible more of qualified new and used forklift financing. General Credit and Other Paperwork Qualifications for Construction Truck and Equipment Financing Time in Business More than Two Years Personal Credit Score 650 or higher Copy of your 2008 business tax return Copy of the owners 2008 personal tax return Summary page of your last three months business bank statements A hauling reference A copy of an invoice detailing seller information and complete specs on the construction truck and equipment In this economy,lenders are looking for a healthy balance sheet with a decent average balance in the bank account for a seasoned business. For the start ups and seasoned businesses, special off lease and repo used construction trucks and equipment is obtainable for credit scores starting as low as 550.In addition, the down payment monies are minimal and the financing requirements minimal. This is a great chance for the start up and/or seasoned business for the opportunity to acquire used construction equipment and trucks. In conclusion, construction truck and equipment financing, new and used, is available to qualified applicants. These special financing arrangements are available to good and excellent credit candidates. Usually the credit qualifications should be 650 or higher and they should be in business two or more years. Also there are alternatives for applicants without good credit. These involve secondary financing for repos and off lease equipment. The lender needs to move these inventories and great buys and financing can be located in this special area. The credit scores start in the low 500s and the down payments are minimal. Happy hunting for your construction equipment and truck , new and used, specials for sale with conventional and or off lease and repo dealer financing….
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J.M Luna has over thirty years experience in the financial field. This includes financing, leasing, hard asset money and commercial loans. U.S Corporate Capital Leasing assists the start up and seasoned businesses for all its acquistion and financing needs. www.jaguarequipmentleasing.com/leaseconstruction.htm www.scribd.com/doc/36270393/Construction-Equipment-and-Trucks-New-and-Used-Specials-For-Sale-With-Conventional-and-Off-Lease-and-Repo-Dealer-Financing
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