Credit Profile

We understand that speedy approvals and fundings are critical to your success. Our process is built on moving transactions through the system quickly while treating your customers with respect.

Application Information

Trucking Application
Non-Trucking Application

Please provide:

Signed Credit Application
Truck specs, cost and mileage
Last 3 mos bank statements (first page only)

Turnaround Time

We approve most transactions within 24 hours
We overnight or email a loan document package
We fund dealers within 24 hours after receipt of executed documents

ABL focuses on two types of customers, Class 8 Truck Drivers (owner operators) and Vocational Truck Drivers (Dump Trucks, Bucket Trucks, Straight Trucks, etc). We finance trucks up to 10 years old. Our A Credit Program Guidelines* are as follows:

	Class 8 Trucks		Vocational Trucks
	New Owner Operator	Existing Owner Operator	New Business	Existing Business
Down Payment	10-20%	0-10%	10-20%	0-10%
Credit Score *	650+	640+	675+	640+
Time in Business	2 years driving	2 years as O/O	0	2 years
Homeowner	Yes	Yes	Yes	Yes

* These are credit guidelines. Strength in some areas can help overcome weakness in other areas. ABL can also fund scores as low as 550 if driver participates in one of our Carrier Programs.

ABL's Structured Lease Program is available to help applicants who may not qualify for conventional financing due to low FICO scores (as low as 525), start up business, bankruptcies, over extended credit, repossessions, slow pay, federal/state tax liens, type and age of equipment.

Structured Lease Program pre-approvals require our Owner Operator Application plus 3 months bank statements. Transactions are typically structured with 20 - 25% down with terms up to 60 months. Applicants must have minimum driving experience of 2 years.