Crane Financing – Fast Funding, Easy Application, A–D Credit

Crane Financing – Fast Funding, Easy Application, A–D Credit

  • Crane Equipment Leases and Loans From $10,000 to $5 Million––even more
  • Approvals in 48 hours or less
  • Best rates for A to D credit profiles (Bankruptcies OK if discharged)
  • Flexible Terms for Your Individual Business Needs

Matching the financing program that best suits the needs of your company is an important consideration. Call CFIC Funding today and learn how quick and easy it is to get the money you need to acquire new and pre-owned crane equipment. You’ll get fast moving transactions and competitive rates whether you have AAA or D credit.

A variety of Crane Equipment Finance programs may suit your situation best:

Loans

Lease Purchase

Sale Leaseback

True or Tax Lease

Capital Lease

Operating Lease

Tax Lease Purchase (TLP)

Off-Balance Sheet Financing

Fixed and Floating Rates

Application only Credit Program

You can get crane equipment financing for virtually any type of crane with CFIC Funding.

>>>>>Click Here For Crane Inventory<<<<<

You can even get money for your now or pre-owned crane plus, you can have extended warranties included in your lease or loan. Just call Wayne or David at 310-421-7370 or 310-370-4871 today.

Class 8 Truck Trailer Loan Older Collateral Program

CFIC Funding, Inc., offers this program with the following highlights:

650+ credits (owner/operators), any age equipment up to $50K

500+ credits (owner/operators) any age equipment with equal value in additional collateral or 30% downpayment

Truck Equipment Financing Older Collateral Program

Any type of collateral (sleeper trucks, trailers, day cabs, etc.)

No age restriction programs

No mileage restriction programs

Limited down payment requirements – 1st and last payment in advance in many programs

Up to 36/48 month terms on used equipment

Up to $750,000 transactions

No previous commercial credit required

Must be in business a minimum of 1 year

Engine rebuilds OK

Get money now… Pick up the phone and Dial 1-310-421-7370 or 310-370-4871

Fill out and send in your application today: CFIC Lease Application

Fax: 1-315-410-6823

Email: wayne@cficfunding.com

Email: david@cficfunding.com


Inventory – Commercial Trucks and Trailers for Sale or Lease


Class 8 Truck Trailer Loan Challenged Credit Program

Class 8 Truck Trailer Loan Challenged Credit Program

This CFIC Funding Equipment Loan Program Highlights

525+ credit scores

Previous bankruptcies are accepted

1st time owner-operators are accepted

Previous delinquency issues are accepted

Smooth and quick documentation process

Past credit problems include foreclosures

Will lend up to $35,000 (higher amounts under certain conditions)

With our Challenged Credit Programs, we will profile a transaction with just an application and a bill of sale or invoice on the equipment, which will allow us to advise you within minutes with  what we will need to proceed.


Get money now… Pick up the phone and Dial 1-310-421-7370 or 310-370-4871

Fill out and send in your application today: CFIC Lease Application

Fax : 1-315-410-6923

Email: wayne@cficfunding.com

Email: david@cficfunding.com

Inventory – Commercial Trucks and Trailers for Sale or Lease

Working Capital Loans – Business Loan $5k to $500k

Often a merchant or business cash advance against future sales is how to get money for your business. Many business owners and merchants caught in a cash flow crunch find a working capital loan (a type of business loan where the loan is based on future sales) is the ideal solution for their cash flow needs.

Announcing a new Express Working Capital Loan Program, with a streamlined application and funding process for loans from $5k to $500K!  Pick up the phone and call 1-310-421-7343 or 1-310-370-4871 now!

Working Capital Loan/Merchant Cash Advance Loan

Here’s What to Do Now:

Fill out and return a one-page application

Send us three months of bank statements and 3 months of your merchant account statements

(If you don’t process credit cards, then send 6 months of bank statements)

Send a copy of your Drivers License

Send a copy of your Business License

Send a copy of Voided Check from the account where you want your funds deposited

When Business Owners Ask… How Can I Get Money?

I have cash flow challenges… I need to buy/lease new equipment… I need money to advertise… I need money to purchase inventory… I need to make payroll.  How can I get money?  When You Need to Get Money:

A Working Capital Loan or Merchant Cash Advance Loan may be your best choice…

Here’s A Few Reasons Why Business Owners Choose This Program:

Business Loans up to $500,000 Per Location

No Additional Collateral Required

Approval Based on Gross Sales (Not credit card sales)

Funding is 5 Business Days

Interest is Tax Deductible

No Application Fees

Loan up to 18 months

Decision in 2 Business Days

Renewable for Additional Capital

Business Borrower Guidelines:

Minimum time in business – 1 year

Minimum FICO score 500

5 deposits per month

Maximum of 10 NSF’s per month

Minimum Annual Revenue: $100,000

Since this is not against credit card sales, businesses without credit card sales can get approved and funded. Take advantage of unexpected opportunities even if you are short on funds. Whatever your money needs, think of CFIC Funding, Inc. CFIC Funding is where to get money!

Get money now… Pick up the phone and Dial 1-310-421-7370 or 310-370-4871

CFIC Working Capital Application

Fax : 1-315-410-6923

Email: wayne@cficfunding.com

Email: david@cficfunding.com

Business Transportation Loans – Class 8 Truck Loans/Trailer Loans

More vendors and business owner/operators are tuning to CFIC Funding, Inc for their business loan needs. Our commercial trucking specialists have over 35 years in industry experience… what does that mean to you? It means the business loan offered to you will match the cash flow needs of your business, your market and your business history.

It doesn’t matter if you have perfect credit or challenged credit. We offer programs for every need. We finance all commercial classes as well.

Highlights of CFIC Funding, Inc

Truck/Trailer Loans

Transactions up to $2,000,000 and more

24-Hour Decisions

Single Owner Operator Loans and Leases

Fleet Loans and Leases

A-D Credit

Long Terms and Low Down Payment Options

Dealer Participation

At CFIC Funding, Inc. we look at every application as an opportunity to serve you and fund your business loan needs. In order to serve you better, we ask that you fill out the application legibly and as complete as possible.

Fill out your application today and start building your business the right way!

When you need to get money, think of CFIC Funding, Inc. CFIC Funding is where to get a Truck or Trailer loan!

Get money now… Pick up the phone and Dial 1-310-421-7370 or 310-370-4871

Fill out and send in your application today: CFIC Lease Application

Fax : 1-315-410-6923

Email: wayne@cficfunding.com

Email: david@cficfunding.com

Inventory – Commercial Trucks and Trailers for Sale or Lease


Sharpen Your Axe to Get Your Commercial Loan Funded

Often the secret for success in any funding effort comes by asking for the right type of loan. If you’ve had problems getting a loan it’s time to sharpen your axe by taking a new approach. As an example, we had a client a few years ago that called us because his local banks were not willing to give him the loan he was after. He needed to get more equipment and hire some additional staff. He had an excellent opportunity to lock down some long-term commitments from a couple of his regular customers. He was just about at his wits end and didn’t know what to do. He decided to call us.

He explained that he had gone to a couple of private lenders he was referred to and still couldn’t get to 1st base. Talking to him we discovered that he had some credit problems revolving around his divorce a few years earlier. His ex knew his social security number and decided to get some new credit cards then ran up the bills and never told him about it. Even though he had paid everything back, it still looked bad on his credit report.

However, he did have some used equipment in good condition that was free and clear. He also had regular income from several creditworthy customers. His problem was that these customers didn’t always pay him on time. This added to his problem, as this would cause him to be a little late making some of his payments.

It immediately became clear to us that he was not asking for the right type of loans to accomplish his goals. We restructured his loan request and freed up some immediate cash for him with his used equipment. At the same time, we got him several hundred thousand dollars for new equipment. Then we took his slow paying customers and got him a commercial line of credit for $300,000 using receivables as security for financing.

He was soon in a position to lock down the long-term contracts and hire the additional staff he needed to grow. This was all done without one penny coming from a bank.

Sadly, this is not uncommon. Many times a good, honest business owner can really struggle to grow their business because they just don’t realize that there are other lenders that will work with them if they provide the right information. Often, it’s just because they can’t find the right lenders that are comfortable with their industry and credit history.

They are out there. Plus, they’re looking for more business people to fund.

If you need help, ask for it. Visit us tomorrow for another free commercial loan secret and be sure to subscribe to our RSS feed.

You can also contact us to ask questions and voice your concerns. Just pick up the phone and dial, CFIC Funding, Inc. today at 310-421-7370! Ask for David Young or Wayne Clinton. You can also visit http://www.cficfunding.com or mail david@cficfunding.com or wayne@cficfunding.com

To Get Funded… Be Prepared

By now, you should have a sound understanding of the importance of providing your lender or investor with good documentation to support your request for funding. This really is one of the secrets to getting a commercial loan. But, do you actually know what documentation you should share with your lender or investor?

Below is a comprehensive list of the standard documents required to close and fund the loan for your business. Some of the documents listed may not be required depending upon the amount and type of financing you apply for. As many of the documents listed are things you merely need to copy or get from your bookkeeper or accountant, the list should not be something to make you apprehensive.

Be prepared to provide the following to your lender or investor and you can expedite the funding process:

1. Business Plan and/or Executive Summary
2. Resume on each principal & key personnel
3. Financial Projections – Profit & Loss, Bal Sheets (Excel Spreadsheet)
4. Financial Projections – Proj Income 10 years’ minimum (Excel Spreadsheet)
5. Cash Flow Statements -Proj cash flow 10 years minimum (Excel Spreadsheet)
6. Business Operating Cost Breakdown & Analysis
7. Copy of all Intake and Off-Take Agreements
8. Architectural Drawings / Engineering Plans
9. MAI Appraisals of properties
10. Photos (inside-outside) or photographs of land
11. Maps of Project Area – Vicinity Map
12. All Permits and Zoning Documents, Approvals
13. Market Analysis Overview or Demographics
14. Corporate Financials on Business, audited, 3 yrs (if available)
15. Use of Proceeds (in detail) for first-tier loan
16. Use of Proceeds (in detail) for second-tier loan
17. Construction Budget-Business Expansion Budget
18. Corporate Documents – Articles of Incorporation (if applicable)
19. Corporate Documents – Bylaws or Minutes (if applicable)
20. Corporate Doc –Resolution-Authority to Borrow
21. Builder’s Statement, Ins., Licenses, Credentials
22. Warranty Deed (certified copy) proof of ownership
23. Personal Financials – each principal – 20%owner
24. Corporate – Business Tax Returns (3 years)
25. Personal Tax Returns (3 years)
26. Environmental Reports – Phase 1&2
27. Formal Request for Loan/Investment – Business Letterhead
28. Good Standing Certificate
29. EIN Letter
30. Company’s Bank Reference Letter and Bank Statement (for your existing account)
31. Color Copies of Passport and/or Drivers License for Main Signatory and/or Principal

Again, not all of the documents will be required to complete the financing you want. But, regardless to the type of loan you want, you will need to provide several of the items listed.

If you need help, ask us for it. Visit us tomorrow for another free commercial loan secret and be sure to subscribe to our RSS feed.

You can also contact us to ask questions and voice your concerns. Just pick up the phone and dial, CFIC Funding, Inc. today at 310-421-7370! Ask for David Young or Wayne Clinton. You can also visit http://www.cficfunding.com or mail david@cficfunding.com or wayne@cficfunding.com

Discover the Keys to Unlocking Your Lender’s Cash Vault

You want financing to increase your revenue and profitability, but do you really know what a lender or investor is looking for? Well pay close attention because, regardless of whether you want $5,000 or $500 million dollars, lenders and investors want pretty much the same thing. They want a transaction with minimal or no risk.

No surprise there, huh? Well how do they determine the level of risk associated with a transaction? There is no short answer to that question, but we can start with a responsible, experienced and innovative management team. They look for management teams that:

• Are interested in building a sustainable and profitable business model
• Has industry experience in developing a successful business
• Works well together, complementing each other’s collaborative style
• Has skin in the game from investing their own funds in the business
• Has a management integrity that incorporates respect for their employees

Strong management teams are far more likely to establish the day-to-day operational procedures that lead to success. They have that rare perspective gained by experience to identify changing market trends and know what to do to address them and still gain market share. With a strong management team, even prior credit issues are less of an issue during the funding process.

If you have a well-planned project, credit worthy customers, sensible contracts and a willingness to cooperate, then you can find a lender or investor that will be privileged to help and finance you in growing your business. If one lender or investor won’t do it, another one will. You just have to provide them with a well conceived, compelling proposition

What we’re talking about here goes right back to good, comprehensive documentation. If you’re not sure what that documentation should be or how to say it, feel free to ask for help. Remember, the only bad question is the question never asked.

Visit us tomorrow for another free commercial loan secret and be sure to subscribe to our RSS feed.

You can also contact us to ask questions and voice your concerns. Just pick up the phone and dial, CFIC Funding, Inc. today at 310-370-4871! Ask for David Young or Wayne Clinton. You can also visit http://www.cficfunding.com or mail david@cficfunding.com or wayne@cficfunding.com

Peeling Back the Curtain of a Typical Funding Process

Want to know what happens when you your loan application or request is received? In most cases, it will go something like this…..

The first look

In most cases, your lender wants to make an initial determination of interest and fit in a matter of a few minutes after receiving a business plan or formal request for investment. So, be sure to provide a compelling description of how your plans for the loan or investment proceeds are safe and profitable.

If they do decide to move forward, the review process moves at a deliberate pace from there. But if your company is too early stage or your opportunity doesn’t quite suit them today for other reasons, don’t stop here. I assure you, there are other lenders that may be a better match for your individual situation.

A longer conversation

Those companies that do meet with the lenders financing or investment criteria move on to the next step in the process. Often that’s a meeting or conversation with the management team. The lender’s goal in this meeting is to learn more and evaluate the company’s management team, business model and market prospects. They will want to see if there is a good overall fit between their operating philosophy and yours. If there is a mutual interest in proceeding further, additional conversations or meetings will typically follow.

The conversations and meeting will include additional research and analysis of the business with the goal of better understanding the company’s long-term potential for success and how they might contribute to that success. You should be prepared to discuss your products and services, your market’s dynamics and competition as well as your market positioning and what individual attributes will spell success for you. You should have already developed and shared some comprehensive financial models to help bring the range of your upside potential into sharper focus.

Virtually all of our applicants and development partners find every lender’s due diligence process to be overly thorough and too time-consuming. In a typical scenario, the entire financing process from first meeting to funding can range anywhere from 45 days to several months, depending in part on how long it takes to negotiate a term sheet and provide any additional documentation required. The time from signing a term sheet to closing an investment typically ranges from 45 to 90 days, depending in part on how well the lender or investor knows the business and borrower at the start of due diligence but also how quickly you can facilitate their due diligence process.

You probably won’t like it, but the truth of the matter is, lenders and investors rarely communicate actively and openly through the entire investment process. Many find that this approach facilitates a natural timing to a successful close that fits the particulars of the investment. So, don’t hesitate to call them every couple of weeks if you haven’t heard from them or made other arrangements.

If you need help, ask for it. Visit us tomorrow for another free commercial loan secret and be sure to subscribe to our RSS feed.

You can also contact us to ask questions and voice your concerns. Just pick up the phone and dial, CFIC Funding, Inc. today at 310-421-7370! Ask for David Young or Wayne Clinton. You can also visit http://www.cficfunding.com or mail david@cficfunding.com or wayne@cficfunding.com

Don’t Overlook the Obvious — Share Your Vision to Get Funded

Earlier today I spoke with a very successful gentleman that specializes in financing dairies. We both had to agree that many more loan applications would be approved and funded if the borrower or developer did a better job with their documentation. So what’s the secret of getting deals funded? Funding gets approved based on the documentation… not based on conversation.

So when you’re ready to complete your application or send in your loan request, ask yourself: Have we included all the documents requested by the lender? If you cannot provide a specific document that was requested, explain in writing why not. If you’re business is too new, say so. If you haven’t got your tax returns back yet, say so. It doesn’t matter what the reason is, say so. Obviously, you always want to be tactful in how you say it, but say it.

Ask yourself: Have we been very thorough in describing what you want to accomplish? Can the lender or underwriter see the vision and embrace our request? This is accomplished by being thorough, but not too technical. Yes the entire point is to get the lender to embrace your vision. Have you told them why you are a safe applicant to lend to and/or partner to work with?

You also want your financial model or proforma to be clear and thorough as well. Cab you show the lender you understand your business and know how to make it grow? Have you shared realistic numbers with them? Don’t base your projections on the high end nor do you want to be too conservative either. If you do, you run the risk of looking like you don’t know how to run a successful business. That will likely get you a big red NO stamped on your application or loan request.

It is also very likely that you will need to share several prior years of tax returns and financials. Make sure they are legible and in order. If not, take the extra few hours necessary to make sure they can be easily read. Again, the easier you make it on the lender or underwriter, the better your chances.

As an example, we’ve had clients in the past that had very strong applications and loan packages, but didn’t qualify for the lender. On several occasions, the lender or I have referred these applicants to other lenders that were the right match so the applicant could get funded.

So please, don’t overlook the obvious. Be honest, be thorough. And feel free to ask if you need help.

You can also contact us to ask questions and voice your concerns. Just pick up the phone and dial, CFIC Funding, Inc. today at 310-370-4871! Ask for David Young or Wayne Clinton. You can also visit http://www.cficfunding.com or mail david@cficfunding.com or wayne@cficfunding.com

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