Negatives;

-12 Year old Truck

-Private Sale

-Short Term project (Work Source)

-Recent restructure of family company

Positives;

- Property Backed

- Clean Credit

Solution;

-5 Year Term, No Balloon

- 100% Finance (No Deposit)

- Low Doc ( 3 months bank statement's to prove income)

Applicant wanted $50,000 to fund a 2005 Prime mover.

One of their major clients took on a large project which involved deploying bottle and can collection stations (for recycling) at various locations, including shopping centres etc. Our client needed the truck FAST rather than subcontracting out the work.

The client knew that they would not qualify for bank funding, as the truck was purchased via private sale and was 12 years old. Furthermore, the clients restructured business was only setup just over 1 year ago.  

To make things even more difficult, the business had no accountant-prepared financials.

Victor at The Finance Group was able to lodge an application with a Lender who had a low-doc product. They also accepted vehicles up to 20 years old, and accepted Private Sales. As a result, the loan was Settled on-time and the client didn’t need to engage any sub-contractor to complete the work.

The Non-bank truck lenders that we use consider the Strength's and Weakness's of each deal and if the clients plans make sense overall , they will approve the deal.

Since we have over 20 different lenders and in-depth understanding of the lenders approval criteria, we know which lender to lodge the application to first time to make sure you get a positive outcome.

Engaging The Finance Group Parramatta as your preferred Truck Finance Broker, we will present your situation and clearly explain any mitigating circumstances to justify negative aspects about your financial situation and emphasize the positive points about your situation and how you plan to ensure you new business or business growth will be a success.

If you want someone on your side who can put your deal with the right lender first time, giving you certainty so you can plan your business with confidence, then pick up the phone and dial 1800885626 or 180088LOAN  7 Days per week and we will aim to take your call 24 hours per day.  Australia wide.

Alternatively, you can complete the form below and tell us a bit about your goals and requirements.