|By PR Newswire||
|January 29, 2014 10:33 AM EST||
PANAMA CITY, Fla., Jan. 29, 2014 /PRNewswire/ -- Financing for the trucking industry just got easier with a slate of recently announced options from Equity Equipment Finance, LLC (www.equityequipmentfinance.com). Now, owners/operators and trucking companies have three new programs to choose from: equipment refinancing, consolidation loans and DPF modification financing. Each of these programs comes with the same competitive rates and commitment to customer service that has made EEF a recognized leader in equipment financing.
"Our low rates rival those of the largest financial institutions," commented EEF's Jason Giese. "As a dedicated financing company for the trucking industry, we understand the unique needs of our clients, from individual owners and operators to major, national trucking fleets. We then tailor a selection of products designed to offer the most benefit at the least cost."
High interest rates can be a serious bottleneck on profit, making it hard to get ahead. EEF prides itself on offering some of the lowest rates in the equipment financing industry. For those with existing loans at exorbitant rates, EEF now offers a low-rate refinancing program for qualified owner/operators and trucking companies. Equipment must be no more than 10 model years old and have less than 850,000 miles on tractors. EEF promises a fast decision and fast financing on all approvals.
Trucking companies, especially startups, often find themselves juggling several high-interest loans, which makes sustainable growth all but impossible. A consolidation loan through EEF can lump all of these loans into one manageable payment. As with the equipment refinance program, certain restrictions apply. Consolidation loans can significantly improve the health of the bottom line, not to mention simplify a company's accounting.
Recent changes in California emissions standards have added yet another burden to the trucking industry. Diesel trucks older than 2008 now require an expensive modification to their diesel particulate filter (DPF) to be compliant; these modifications can range in cost from $12,000 to $15,000. EEF is extending DPF modification financing up to $15,000 for truckers who would rather make their current rides compliant than invest in costly new equipment.
In addition to competitive financing programs, EEF provides best-in-class warranties to help defray the cost of inevitable repairs. Some of these programs even allow for 0% interest financing. EEF also helps companies cut costs and get paid faster by offering some of the lowest factoring rates anywhere.
According to company principals, Equity Equipment Finance has created the conditions for success both today and moving forward. By working with all types of credit, financing all kinds of equipment, and continuing to offer innovative products and services, EEF has quickly made a respectable name for itself.
About Equity Equipment Finance LLC
Equity Equipment Finance LLC was formed to help independent Owner-Operators and Fleet Owners to finance the trucks and equipment needed to successfully run their business. We have helped many startup companies and those with bad credit. Just because you have bad credit doesn't mean you don't deserve respect and the opportunity to be successful. Our staff fully understands your business and how hard you work. That is why we will always provide you the best financing terms you qualify for. We aim to be the largest and best commercial finance company in the nation. Our strategy to accomplish that is by putting you and your needs first. We are here to assist you in any way possible.
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SOURCE Equity Equipment Finance LLC