Trucking is an essential component of nearly every business in the country, and small trucking companies, including independent truckers, bear a significant portion of the weight for our shipping demands. So, why is it so difficult for small businesses to secure the money they require to keep the transportation processes running?
At Sandhu & Sran Leasing & Financing, we make commercial truck financing in Abbotsford and Surrey all easy and stress-free. From trucks to trailers and tractors to semi-trucks, we got a network of vendors who are ready to provide you with your choice of commercial vehicle on finance or lease.
If you’re wondering how to secure commercial truck loan in Abbotsford to start a logistics business or expand your fleet, we have compiled four easy steps for you to get started.
- Compile All Documents and Information
Before you begin the financing procedure, obtain all of the necessary papers and information. Before commencing the process, you need compile the following documents:
- Bank Statements
- Tax Returns
- Income Proofs
- Proof of insurance
- LLC and operating agreements
While this is not an exhaustive list of all the necessary documents needed, it serves as an excellent source of documentation to get started with your application process. If you want to know in detail what all documents and information needs to be prepared, talk to our financing advisors.
- Finalize the Truck You Want To Buy
Finding the right vehicle for your business might take time, so start looking as soon as possible so you have one lined up when you apply for funding. Be as thorough as possible in your search, and ensure that the trucks you’re looking at can haul the types of items you work with.
Once you’ve selected a truck that meets your needs, acquire a written price and truck details, such as the title and car registration.
- Get Insurance Coverage That Meets Your Needs
The type of insurance you require depends on your business, so you may wish to check with an expert. Insurance is not required before applying for commercial vehicle finance, but it might assist speed up the process.
- Submit Your Financing Application
Once you’ve gathered all of the necessary information and documents, you may complete and submit your financing application. You should work with someone who has experience in truck financing to guarantee that you get the best rate and conditions feasible.
Get Your Commercial Truck Financed With Sandhu & Sran
Now that you know which documents your need to file a financing application, the type of vehicle you want to purchase, and insurance you need to acquire before submitting an application for truck loan in Abbotsford, there’s no reason to wait.
Apply your commercial truck financing application with Sandhu & Sran Leasing & Financing, and get hands on to your choice of vehicle. For more details, give us a call today.
