Liberty Capital Financing: A Key Player In Reducing Dump Truck Accident Casualties
Do you know that more than 500,000 commercial truck accidents occur in the USA every year? The rate is 51% higher than that of 2009. Thus, it states how road safety is key when you drive dump trucks.
Moreover, the experts suggest that you should regularly check on your trucks to find the liabilities and issues and replace them instantly. If you lack money, you can always apply for a loan to get new equipment or buy a new dump truck.
There are various banks and investment firms that provide short-term and long-term loans to boost your business growth. Similarly, one of them is the Liberty Capital Group, which is one of the best investment groups in the market and offers solutions at low interest rates. Let’s get to know them in the next section.
Different Types Of Dump Truck Loans Available In The Market
Here are a few of the different types of dump truck financing you can access from the market –
- Short-term loans: You can access the loan when you want to replace or buy truck equipment. The annual sum is low, and so is the interest rate.
- Working capital loans: You can access the short-term loan when you see an issue with the cash flow. With the loan, you can boost your business operations and keep the cash flow stable.
- Long-term business loans: You can access the loan when you are running a successful business with great profits, or you have a proven track record of success. That way, you can expand your business or bring a new product line into the business.
Why Choose Liberty Capital’s Dump Truck Financing?
Liberty Capital is one of the groups where you want to access loans for business. They offer the most competitive rates in the market to help startups, both pre-and post-revenue, expand their business properly.
Similarly, when it comes to dump truck financing in America, they help vendors, truck drivers, and businesses to access loans and continue their business.
They complete the whole financing process within a day, which ensures you have the cash in your emergency time. That way, you can purchase a used or a new dump truck and reduce the rate of accidents.
Moreover, you can access the loan without great credit scores. They create a solution where you get the maximum benefit to bolster your business and manage the cash flow.
Here is the credit requirement to get dump truck financing –
- You must have a credit score of 650+
- There shouldn’t be any cases of bankruptcy in the last 7 years
- All the owners should give their personal guarantees
- No tax issues in the past years
When it’s all checked, the financing process begins.
Ways Liberty Capital Can Help You To Get Dump Truck Financing
Here are a few ways you can easily get dump truck financing from the Liberty Capital Group –
- You will get 110% of the dump truck cost
- The group provides access to the money within 24 hours
- It comes with 90-day deferred payment options
- You can finance both used or new dump trucks, as per your requirement
- For qualified and trained truck drivers, a down payment is not required
- The provision for finances is the best in the country
- You need to pay a prepayment penalty
- The financing is accessible to private sellers, vendors, and dealers
- Easy application process: you can fill it out without any intervention
- You can get up to 250,000 USD with a single page of the application
- Lastly, you can get 5,000,000 USD with financial closure
That way, you can replace the old and broken dump trucks, which can lead to road accidents and harm the business. Instead, you can use the dump truck financing from the Liberty Group and get the cash flow to buy a new or used one and continue your business.
Moreover, the capital group is way different than the traditional banks and financing options. It looks to support the construction, and the truck drivers to build a more sustainable business and gain major profits to expand their ventures.
How To Apply For Dump Truck Financing At Liberty Capital
Here is how you can apply for the dump truck financing at Liberty Capital –
- Fill out the online application: Here, you need to fill out all your personal and business specifics. After that, there will be a soft query to preapprove the application, followed by a thorough underwriting to get the funding process to go smoothly.
- If you’re looking to finance equipment, you may need to attach the invoice: You need to attach the invoice for the dump truck whether it’s new or old. Also, you can attach multiple invoices from different vendors, they will combine them together into a single payment. That way, you can get the whole amount with one payment, one agreement.
- Attach bank statements: Lastly, attack your bank statements for the last 3 or 4 months. It should showcase the proof of income, banks, and profit funds available. This is just to gain the trust of the group and highlight the fact that in case of any issue, you can pay the sum.
Once all the boxes get ticked, you can pick up a dump truck and continue our business once funding has been released to the vendor.
The whole process is completed within 48 – 72 hours as long as the vendor, equipment, and client all cooperate to make sure funding is released quickly; after that, the money will be in your account.
The Bottom Line
In the end, Liberty Capital Group is an American company for American companies that can provide the right financing for your American business. The vendor and client both must be US-based companies.
As a small business financing lender, they look after the truck drivers, transportation, and construction industries ensuring they get the maximum funding, so they have their new dump trucks working. Liberty Capital helps with easy loans even if there are issues with credit scores.
They look to create a middle path that suits all the parties and ensures you have the right vehicle. Furthermore, they also have a list of the types of trucks you can access with their loans. That way, you can make your own decisions and buy the best one to reduce accidents and build your business properly.
So, you can read the article to see the advantages of taking dump truck financing from the Liberty Capital Group.
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