PREMIER FINANCIAL SERVICES
The Truck Financing Specialists

General Credit Guidelines

The following are general guidelines only.  Keep in mind that for every rule there are always exceptions.  We understand some customers’ credit histories contain extenuating circumstances and will require extra consideration be given when arriving at a credit decision.  Should you have any question whether a deal meets our credit criteria, please call us to discuss.  We are available to you and want to do our part in helping you meet your customer’s financing expectations.  One of Premier Financial’s main goals is to try to be flexible with our credit decisions as long as the deal still makes good business sense for all parties involved.  When you need an extra amount financed or a few extra months in the term of your customer’s loan, let us know and we will do our best to help. Remember, if you have questions, don’t hesitate to call us to discuss your deals.  

• 2 or more years verifiable owner/operator experience.  Will consider first time buyers with sufficient driving experience, good credit and increased down payment.
• Minimum 625 FICO.  May consider lower scores if borrower has strength in other areas of the application.  Maximum revolving debt should be less than $20K and not exceeding 50% of total available.
• 10% down payment.  Less may be possible if previous truck credit paid AA.
• Transaction size:  $20,000 - $75,000 with app only.  Up to $500,000 with full financials.
• Term:  18 – 60 months.
• Collateral Age:  Trucks up to 6 years old, trailers up to 7 years old.

We offer you a simple-interest loan product, not a lease where you have the “additional insured on liability coverage” hassles.  App only to $75,000 – no tax returns, no personal financial statements, no bank statements.  Just your ordinary credit application.

Please contact us today to discuss how Premier Financial’s competitive owner/op financing can help your dealership deliver more trucks and trailers each month..