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The Commercial Vehicle group is comprised of seasoned industry professionals with an understanding of the market, the customer, the vendor, and the vehicle. We develop financing programs based upon 4 guiding principals: simple, fast, convenient, and competitive.
Highlights
- New and used vehicles
- Financing terms from 12 to 84 months
- Customized payment schedules
- Application-only (up to $150,000)
- Minimum finance amount = $25,000
- Maximum finance amount = $10,000,000
- Refinancing programs
Industry Specializations
- Towing and recovery: carriers, self-loaders, heavy-duty units, and wreckers
- Commercial school bus contractors
- Transportation equipment for daycare and head start, non-profit rehabilitation facilities, and assisted living facilities
- Paratransit: wheelchair vans, mid-sized buses, ambulances, and ambulettes
- Pavement: vacuum trucks, sweepers, pavers & stripers
- Limousine/For-Hire transportation
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A signed and completed application must be received by Sovereign Bank, N.A. ("Sovereign Bank") before a credit decision can be rendered. Additional information may be requested. Financing available to qualified applicants only. All terms, offers, rates, and payment plans are subject to the underwriting and credit rules, policies, guidelines and criteria of Sovereign Bank, which are determined by Sovereign Bank in its sole discretion and are subject to change without notice. The 24 hour time frame is applicable only to days in which Sovereign Bank is opened and doing business. |
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Equal Housing Lender - Member FDIC
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