Question 1

What services does First National Equipment Financing offer?

Accepted Answer

We specialize in equipment financing for businesses across the United States.

Question 2

Who can apply for financing?

Accepted Answer

US business owners with at least 2 years time in business looking for construction, agricultural, or vocational trucks or trailers are eligible to apply. Unfortunately no startups or brand new businesses at this time.

Question 3

What does the application process involve?

Accepted Answer

Our application process is streamlined and straightforward. It’s simply a one-page application through DocuSign and you provide us what type of equipment you're looking to buy.

Question 4

How long does it take to receive financing?

Accepted Answer

Depends on what you’re getting. Most of our clients receive preliminary approvals within a few hours and ultimately find their equipment and purchase shortly after that.

Question 5

What factors influence the financing rate I receive?

Accepted Answer

Rates start at 5.99%. The rate offered to your business can vary based on multiple factors:
Time in Business: More established businesses may receive lower rates due to their proven track record.
Credit History: Both personal and business credit scores are considered. Higher scores generally lead to better rates.
Type of Collateral: The nature and value of the collateral you provide can affect your rate, with more valuable collateral helping secure lower rates.

Question 6

Are there any industries that First National Equipment Financing specializes in for financing?

Accepted Answer

While we offer financing solutions to a broad range of industries, we have extensive experience with sectors such as manufacturing, construction, vocational trucking and agriculture. If your industry has specific needs, we’re equipped to offer tailored financing solutions.

Question 7

What are the typical terms of the financing?

Accepted Answer

Financing terms vary based on your business's qualifications, but terms generally range from 24 to 72 months for both new and used equipment. We work closely with you to find the most favorable terms that fit your business's needs and goals.

Question 8

Can I still receive financing if I have a low credit score?

Accepted Answer

Yes, you may still qualify for financing. We assess each application on a case-by-case basis and consider a variety of factors beyond credit scores, including business potential and current financial health.

Question 9

How can I get started with my application?

Accepted Answer

To get started, simply Click here and complete the online application form. If you need assistance or have any questions, our customer service team is ready to help you through the process.

Question 10

Is there a minimum request amount?

Accepted Answer

Yes, you must be looking for at least $20,000 in financing.

Frequently asked questions