Underwriting Review: What We Look For

Before an application is approved, our in-house underwriting team reviews the applicant’s information and conducts a phone interview to determine eligibility for our lease-purchase program.

Here are the factors we look at for each applicant.

Credit

One of the first things we do is pull a personal and business credit report when receiving the loan application.

It is not based off a credit score; we base our decision solely off payment history. We work with all types of credit.

Business Plan

We conduct a phone interview that consists of discussing a business plan for the truck. In other words: what the applicant intends to do with the truck. We want them to have a realistic expectation and have a general understanding of the business and what becoming a truck owner entails.

Finances

Everyone is expected to have a full down payment saved and reserves to operate their trucks at the time of applying.

Experience

We require 1 full year of recent full-time tractor trailer experience, with stable work history.