TopMark Funding LLC offers a range of services for customers, particularly those who wish to purchase a trailer or truck and opt for equipment financing. This company is rated as the number 1 commercial truck and trailer financing company to help business owners grow their fleet and optimize revenue.
The company has an ideal track record of helping various business owners develop and grow their businesses. It offers numerous financing options specifically customized for the customer's needs.
However, its most unique feature is that it does not carry out hard inquiries when deciding on lending to a particular customer. Therefore, there is no overall impact on the customer's credit.
TopMark Funding LLC has a quick and easy application process and offers the opportunity to customers to get pre-approval for their loans. It provides a variety of trucks and trailers for lease and purchases to aid customers in keeping their business operational. These include semi-truck trailers, box trucks, commercial trucks, and other commercial vehicles.
What Does Top Mark Funding LLC Offer
TopMark Funding LLC offers immense help to customers who wish to acquire semi-truck financing. This company provides great funding solutions with a proven track record of aiding owner-operators, trucking companies, and fleet owners to increase their revenues and fleets.
The company particularly specializes in the semi-truck financing and equipment finance industry to provide customers with the option of flexible and affordable monthly payments. The company's ultimate aim is to get the customer on the road, improve their cash inflows and outflows, and help them generate more profit.
TopMark Funding LLC's credibility as a reliable semi-truck leasing and commercial vehicle ensures that the customer is in good hands.
The company offers all kinds of loans and leases regardless of the customer's truck preference. Therefore, whether they seek to buy a new trailer and truck or used semi-truck on sale, the company offers numerous exceptional semi-truck loans, semi-truck leases, and other services and products for customers' equipment financing needs.
Beyond offering semi-truck financing, lease options, and loan options, this company also incentivizes businesses to opt for equipment financing by taking up a lending partner. Therefore, if the customer is a business owner, fleet owner, or owner-operator looking to expand their commercial trucking or construction business, TopMark Funding LLC is the best option.
This company offers a range of business loan programs and equipment financing options that are likely to fit the customer's business needs. The best part is that this process does not involve any hard inquiries and, therefore, will not leave a stain on the customer's credit.
Under equipment financing, this company offers a range of financing options for construction equipment and commercial vehicles. Moreover, it provides lease and loan programs for commercial cars and trucks.
Lastly, an added service of financing programs for emergency equipment and vehicles is added. Hence, businesses in need of catering to emergencies that require certain equipment can opt for these programs to keep their business from slowing down.
If the customer needs a trailer for their business, TopMark Funding LLC also offers numerous trailer financing options that will fit their budget and help them generate profit. This company has various unique financing requirements for leasing tractor-trailers. With decades of semi-tractor financing experience, this company knows everything about truck financing.
Therefore, partnering with a company with years of experience in the trucking industry is the best solution if the customer needs a semi-trailer lease or a traditional trailer loan. This company also helps customers choose between a used or new Dry Van Trailer, Reefer, Drop Deck, Flatbed Trailer, or Low Boy.
Therefore, TopMark Funding LLC is just what the customer needs to acquire knowledge of everything that comes with trailer and tractor financing, such as registration, titling, warranties, and insurance. These aspects are essentially crucial to a business's growth or success in the trucking industry.
All of TopMark Funding LLC's Services
Essentially, this company offers semi-truck financing, commercial trucks, vehicles, and small business loans. Further division of these categories shows services that are integral to business success and can aid the business in keeping up with its finances and operations simultaneously without disrupting the cash flow.
This company offers semi-truck leasing, semi-truck loans, semi-truck fleet financing, used semi-truck financing, owner-operator financing, and tractor-trailer financing. Therefore, each type of financing has relevance, benefits, and ultimate uses.
TopMark Funding LLC also sells dump trucks, box trucks, garbage trucks, grapple trucks, cargo trucks, and bucket trucks to businesses that need commercial trucks to keep their business on the go. Furthermore, they offer various other commercial vehicles, such as construction vehicles, limousines, emergency vehicles, passenger vans, taxi cabs, and amazon delivery vans.
Lastly, this company also offers small business loans, including various types of business loans, working capital financing, equipment financing, merchant cash advance, IT equipment, and medical equipment.
Suppose you wish to acquire any financing for your existing business or need essential equipment for your particular company. In that case, TopMark Funding LLC has it all without the fear of hard inquiries. Therefore, release yourself from the stress of your credit getting impacted while pursuing this company's financing options.
“TopMark Funding LLC has a proven track record of helping various commercial truck companies and fleet owners grow”
Who Should Apply for Commercial Truck Financing with TopMark Funding LLC?
If a particular business owner requires expanding their fleet and increasing their revenue through commercial truck financing, TopMark Funding is the ultimate expert in the department. The company aims to aid business owners in growing their business and commercial truck fleet while optimizing their profitability. They do so through their proprietary FleetSequence commercial truck financing program.
This company has a proven track record of helping various commercial truck companies and fleet owners grow by providing exceptional commercial truck financing solutions. The company's vast experience spread across decades in the commercial truck financing industry aids in providing customers with affordable monthly payments, better cash flow, and optimal revenue.
Therefore, you can start by referring to TopMark Funding LLC for advisory purposes regarding the type of fleet you should invest in for your particular business. If you have to choose between financing a used or new Peterbilt, Freightliner, Kenworth, or any other truck brand, partnering up with this company is the best solution due to their immense knowledge of commercial truck leasing and commercial truck loans.
This company's commercial truck financing department extends the promise of offering up to $250,000 with same-day approval. Additionally, it promises a safe and secure quote without any hard inquiries. Therefore, if you require used or new commercial trucks and wish to acquire up to $250,000 of financing to aid your business operations, TopMark Funding LLC is the best option.
How Do You Qualify for TopMark Funding LLC Commercial Truck Financing?
It is important to note that traditional vehicle leasing and financing differ from commercial truck financing. Traditional truck and vehicle loans generally require the borrower's business revenue, credit, and time spent in business to pass them through the eligibility stage.
On the contrary, for commercial truck financing, the truck the customer decides to purchase is their collateral, which aids in limiting the lender's risk for lending the commercial truck loan or lease. If you've reduced the risk through collateral, it is more likely for you to be qualified for commercial truck financing.
Determining The Customer's Eligibility To Get Pre-Approval
Several factors determine a customer's eligibility or financial requirements for loan approval. The common suggestion before the customer goes shopping for their semi-truck is to get pre-approval for semi-truck financing.
This ensures that the process is simple, convenient, and smooth. Therefore, TopMark Funding LLC offers customers the opportunity of a simple and quick process for pre-approval.
The process will begin with the company's finance specialists asking the customer some questions about their business history and credit. Moving forward, the company will conduct a soft check on credit as opposed to most of the company's competitors who choose to do a hard inquiry, which is harmful to the customer's credit score.
Therefore, the company ensures that its process for pre-approval will not damage the customer's credit score.
Once the company receives the customer's credit results, it will get them pre-approved with the specific amount that applies to the customer's eligibility. Some of the factors which determine the customer's eligibility include:
- The credit score- should be 650 or more for ideal semi-truck financing rates.
- Business time period with an official CDL license- more than three years is preferred. (However, the company also finances start-ups)
- The amount for down payment that the customer can afford to pay for their semi-truck.
Therefore, it is essential to choose the best option for semi-truck financing. TopMark Funding LLC offers an easy and quick funding process so that business owners can keep their business operational without any delays using their new truck. The steps are fairly simple:
Step 1: Get pre-approval for financing. For this, the customer has to fill in the contact form available on the website, which will lead to one of the semi-truck finance specialists reaching out to the customer for assistance.
Step 2: Choose a financing program. A finance specialist is likely to contact the customer after filling out the contact form to go over the technicalities of your business requirements and funding needs. This process is integral as the company wishes to understand the customer's needs to offer the best solution that aligns with their business goals.
Step 3: Look for your desired semi-truck. Once the customer has been pre-approved, a finance specialist will contact them to go over funding details. This pre-approval is valid for up to 90 days. Therefore, it is best to start your shopping for a semi-truck as soon as you get it.
Finding A New Commercial Truck
Shopping for the semi-truck is the most fun part. Once the financial and eligibility technicalities are out of the way, the customer can go on a hunt for what they require to carry on their business.
However, while shopping for a truck, the customer has to consider some of the lenders' requirements. The common recommendation is to buy a used or new semi-truck from a reliable semi-truck dealer.
If the customer lacks knowledge of reputable semi-truck dealers, they can contact TopMark Funding LLC for some suggestions from their list of the best dealers within the United States.
The requirements of the lenders when it comes to the semi-truck include:
- Model, Make, Year (Ideally should be less than ten years)
- Mileage (Should be less than 700,000)
- The truck has to be for the customer's intended use
- A condition report
- Whether there are major repairs in the past
- A semi-truck dealer should sell it
- The truck's serial number
- Whether the semi-truck is used or new
- At least three pictures of the truck
The ultimate priority of the lender is to ensure that the semi-truck the customer is buying is a viable investment for them and will be enough to last throughout the financing term. Moreover, the truck being purchased is the collateral.
Therefore, the lender has opinions on it. If the customer defaults on a loan or, for some reason, cannot pay the lease or loan, the lender will have to re-acquire the semi-truck to recover their investment capital.
Finding Good Commercial Truck Insurance
Before the customer's semi-truck loan approval, they will require semi-truck insurance. Lenders will ensure that the customer has good semi-truck insurance. In case of default, they want their collateral to have the best insurance. Like the customer's personal vehicle, they will require adequate insurance for their truck.
A semi-truck and a business are a business owner's assets of great value and, therefore, should not be low on insurance. This may lead to the customer being liable for huge amounts of legal and repair bills. Therefore, to avoid this, commercial truck lenders need the customer to have the following as part of their insurance plan:
- Coverage on liability
- Coverage for physical damage
- Non-trucking use bobtail coverage
- Storage and cargo coverage which covers what the customer is hauling
If the customer owns a semi-truck fleet and has staff driving for them, they will need compensation for the workers. Therefore, it is best to contact the insurance agent in your locality for further details.
Since this is a prerequisite for qualifying for commercial truck financing, lenders won’t finalize the agreement if the customer has not acquired the right type of insurance for the semi-truck. Customers can contact a finance specialist at TopMark Funding LLC for further questions at 866-627-6644.
Submitting Documents and Acquiring Funding
Once the customer has found a semi-truck that aligns with all of their requirements and caters to the lender's needs, such as a set insurance plan, they can move onto the stage of finalizing their funding. Therefore, the customer can contact their lending specialist to complete their application and acquire financing.
The procedure involves documents being generated and sent for signature via email for review of the borrower. Most records can be passed through an electronic signature.
Once the contract has been signed and returned, the company will process the customer's documents. In most cases, transactions are funded between one to three days. Particularly in TopMark Funding's case, they have a quick turnaround time and ensure that the customer's truck is fully functional soon after finalizing the application.
“TopMark Funding’s ultimate aim is to offer convenience through a simple and quick application for commercial truck financing”
TopMark Funding LLC Loan Application Process
The process of applying is fairly simple for TopMark Funding LLC. Their ultimate aim is to offer convenience through a simple and quick application for commercial truck financing. Therefore, the financing process is divided into four main steps:
Step 1: The first step is to apply online. The customer has to click the "Get Pre-Approved Today" button on the official website and fill out the contact form that opens up. Once the customer has submitted the contact form with their name, email address, and phone number, a truck funding specialist will reach out as soon as possible. If the customer needs immediate assistance, they can call at 866-627-6644.
Step 2: The second step is to choose a viable solution. A commercial truck funding specialist is likely to contact the customer to understand their business needs and funding requirements. Therefore, this will help them give the customer adequate advice so that their financing option aligns with the business's objectives.
Step 3: The third step is to review the documents. Once the company provides the customer with the ideal truck finance solution for their business, the system generates documents and emails them to the customer for thorough reviewing and a signature. These documents can be signed electronically.
Step 4: The last step is to acquire the funding. Once the customer signs the contract and returns it to their truck finance specialist, the company will process their documents and transfer funds within one to three days.
Therefore, TopMark Funding does not require the customer to visit a particular office to acquire funding repeatedly. Instead, they offer consistency in communication and services through phone calls and email, which saves the customer's time and aids in the convenience of the process.
TopMark Funding LLC Commercial Truck Financing Interest Rates
Many factors impact the interest rates. These include, but are not specific to, the business's strengths, the industry, the business owner's credit profile, the equipment type, the current market trends, the funding type, etc. Moreover, interest rates can also vary depending on the market conditions.
TopMark Funding LLC's thorough network of funding partners ensures that this company offers the most competitive rates, terms, and payments available in the marketplace for numerous industries. Interest rates normally fall in the range of 4.9% to 6.9%, given that the borrower has an immensely strong credit profile and is eligible for financing.
Through its transparent equipment financing solution, the company also has fixed monthly payments and payback amounts for working capital. This ensures that the customer knows the total finance charges right off the bat. Therefore, this method of financing provides that the customer can easily calculate the rate of return from the working capital or equipment finance product.
Frequently Asked Questions (FAQs)
How does TopMark Funding finance a commercial truck?
TopMark Funding specializes in commercial truck financing and has all the required expertise and resources to offer adequate funding for a customer's business needs. This company provides numerous truck financing programs that appeal to bad credit, great credit, credit truck leases, commercial truck loans, etc.
The customer can apply for free through an online contact form available on the website without any hard inquiries on their credit. This also ensures that the customer's credit does not negatively impact.
How much time can a customer finance a commercial truck for?
The length of the commercial truck loan or lease is dependent on a variety of factors. TopMark Funding LLC has programs ranging from 12 to 72 months. The exact period depends on the customer's business needs, credit conditions, and various other factors.
To find out the best term for your business, you can call one of the company's finance specialists, who will help find the best contract agreement for you.
Is it possible to finance a commercial truck if I have bad credit? How?
TopMark funding has a truck financing program that fits all needs and budgets, regardless of the borrower's credit score. There are no hard inquiries conducted upon applying, and customers can use for a no-obligation quote. The customer can easily start up the process by contacting 866-627-6644.
TopMark Funding LLC is known as one of the best financing companies for commercial truck financing. Their decades of experience in the commercial truck financing industry ensures that their customers will experience the best type of commercial truck loan or lease through the professional advice of their finance specialists.
Therefore, if you wish to acquire commercial truck financing at competitive interest rates without causing harm to your credit through a hard inquiry, TopMark Funding LLC is your best option. May it be a loan to acquire a truck or a lease to rent it for a few years, this company offers financing options specific to the customer's business needs and funding requirements.