
No. Most of the contracts we write are loans written on an Equipment Finance Agreement (EFA). The driver is the owner of the truck and ABL is a lienholder.
2002 for over the road trucking, although we typically look at mileage rather than age. For new owner-operators we will finance trucks with less than 500,000 miles. We will finance trucks with over 500,000 miles with proof of an engine overhaul. We can finance specialty trucks over 10 years old.
We provide no down payment financing for companies in business 2 or more years with guarantor credit scores above 650. With down payments from 10-20% we can approve credit scores as low as 525.
$20,000, however if you are an approved dealer we can work with you to process transactions as small as $10,000.
No. We can approve transactions up to $150,000 using a simple application.
ABL is an independent finance company and a direct lender. We have multiple investors that periodically purchase our loan and lease portfolios. ABL services the majority of our transactions.