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New Internal Buying Program

No Money Down for Startups with Good Credit

EQUIPMENT

  • Sleeper Trucks – 2015 or newer – Any class 8 truck will require a Truck Master warranty provided by the lender (if miles are over 325k).
  • Day Cabs – 2013 or newer.
  • Trailers – 2013 or newer.
  • Vocational – 2011 or newer.
  • Warranty Info: $6 – $6,800 depending upon miles. Lasts 36 months or 500k miles. Covers engine, transmission, after-treatment, and comes with roadside assistance.

A CREDIT

  • 725+ FICO
  • Homeownership required.
  • 5+ years in business.
  • Revolving available 60%+ (only needed if Revolving Balance exceeds $10,000)
  • 50% Comp Debt (commercial OR personal, mortgages included) paid on for at least 2 years.
  • 6 Tradelines / 7 Years in Bureau.
  • 1-2 Advance payments + Documentation Fee.

B CREDIT

  • 650+ FICO
  • 2+ years in business.
  • Revolving available 50%+ (only needed if Revolving Balance exceeds $10,000)
  • Non-Sleepers: 50% comp debt of all comps with 24 months+ of payments and no late pays in that period
    (commercial OR personal, mortgages included) paid on for at least 2 years.
  • Sleepers: 70% comp debt (same parameters).
  • 8 Tradelines / 7 Years in Bureau.
  • Non-Sleepers: 1-2 Advance payments + Documentation Fee.
  • Sleepers: 10% Down + 1-2 Advance payments + Documentation Fee.

C CREDIT

  • 600+ FICO
  • 2+ years in business.
  • Revolving available 40%+ (only needed if Revolving Balance exceeds $10,000)
  • Non-Sleepers: 50% comp debt of all comps with 24 months+ of payments and no late pays in that period
    (commercial OR personal, mortgages included) paid on for at least 2 years.
  • Sleepers: 70% comp debt (same parameters).
  • 8 Tradelines / 7 Years in Bureau.
  • Non-Sleepers: 7.5% Down + 2 Advance payments + DocumentaTIon Fee.
  • Sleepers: 15% Down + 2 Advance payments + DocumentaTIon Fee.

STARTUPS (LESS THAN 2 YEARS IN BUSINESS)

  • 650+ FICO
  • Under 2 years in business.
  • Revolving available 40%+ (only needed if Revolving Balance exceeds $10,000)
    Non-Sleepers: 50% comp debt of all comps with 24 months+ of payments and no late pays in that period
    (commercial OR personal, mortgages included) paid on for at least 2 years.
  • Sleepers: 70% comp debt (same parameters).
  • 8 Tradelines / 5 Years in Bureau.
  • Non-Sleepers: 2 Advance payments + Documentation Fee.
  • Sleepers: 10% Down + 1-2 Advance payments + Documentation Fee.
  • Note: For start-up sleepers, must be leased on to a Carrier with 50+ Units in fleet.

Note: Comp debt does not have to be a single trade line, we can include a combination of more than one tradeline. Ex: a $50k comp is needed to get a transaction approved. The customer does not have a mortgage or a $50,000 auto loan, but he does have a $40k auto paid on for 26 months and a $10k auto paid on for 24 months, this would still qualify.

To learn more about our New Internal Buying Program please contact Larry at (817) 717-9777 or email larry@topmarkfunding.com

Larry-Molenburg

Larry

Molenburg

SVP of Business Development

Larry Molenburg oversees TopMark’s Dealer Division and Dealer Programs. He is responsible for welcoming new Dealers into TopMark’s programs. Larry ensures that through their relationship with TopMark Dealers receive the proper support needed from our Transaction Coordinators to ensure their applications are funded with competitive terms and their customers are able to complete the purchase quickly. To learn more about participating in TopMark’s dealer programs contact Larry!

jeff musser

Jeff

Musser

Business Development Mgr

Jeff Musser is responsible for originating new dealer relationships and oversees your orientation and onboarding into the TopMark dealer partner program. Jeff works to ensure that TopMark has a good understanding of the dealer’s existing finance office and their needs and works to ensure the dealer is maximizing their use of the TopMark platform. Jeff is also involved in training new dealers on using the TopMark Dealer Portal to enhance the speed and efficiency of submitting and funding transactions.

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