Commercial Financing Options

Commercial Line of Credit (CLOC) Key Attributes

What is a Commercial Line of Credit?

It is and agreed upon level of credit that you may use for the purchase or lease of commercial vehicles it is established when you request a line of credit or when your total outstanding with Ford Credit exceeds $250,000.Utilizing a Line Of Credit comes with combined billing availability so it allows you to receive a consolidated monthly statement and the convenience of writing one check

CLOC Program Benefits

With a Commercial Line of Credit, you'll be able to get the vehicles your business needs: faster, easier and with less hassle. It provides the availability of credit when you need itn with no set up or non-utilization charges. It also is Credit that frees up your capital for other business needs.

How Long Does It Take?

Estimated Approval Time (after receipt of all required documentation)

$250K - $1.0 million requests – up to 5 business days

$1.0 million - $2.0 million requests – up to 10 business days

Over $2.0 million requests – up to 15 business days

How Often do I have to Renew?

A renewal notice will be sent to you 90 days prior to the expiration of your CLOC (the approval could be for 6 or 12 months), the notice will contain the required documentation to renew your CLOC

** Tip: Maintain regular contact with your dealer to determine future needs!!

Required Documents:

Complete and signed commercial credit application, the customer name must be exact legal name (no abbreviations). Federal Tax ID # and the Name of owners/members and % of ownership/membership (must total 100%).You will also need Bank/trade references (minimum of 3) as well as your previous two year-end financial statements. If the statements are not CPA reviewed or audited, complete tax returns from the past two years must also be included. You'll need to provide your Current YTD Balance Sheet & Profit/Loss Statement (90 days old) and full copies of Corporate authority documents confirming which individuals are authorized to act on behalf of the entity (Corporate Resolution/By-Laws, Operating Agreement (LLC), Partnership Agreement).Also Other Documents (as provided by Ford Credit or your dealer) such as Personal Credit Application (if personal guarantor or sole proprietor).And finally Personal Financial Statements (if personal guarantor or sole proprietor), Continuing Guaranty Lease Addendum (if applicable), Signed Cross-Collateral / Cross Default Agreement Authorization for Bank or Credit Reference, General Information Form Customer Service

 

If you have any questions about our Commercial Line of Credit program or other Ford Credit programs, please visit your local Ford or Lincoln dealer.

Commercial Retail Financing

Our Commercial Retail Financing program provides options that can be tailored to meet your objectives.

Benefits

Competitive rates with Flexible terms and Combined billing available. There are no early payoff penalty or hidden fees

Plus

Financing of Ford Extended Service Plans (ESP) and Commercial GAPCoverage

Availability of Commercial Service Plus – a customizable fleet management program

Eligible vehicles

New/used Ford vehicles

Upfit vehicles with added equipment

 

Vehicles used in livery

Commercial Lease

Our TRAC lease program puts you in control. This customizable, open-end lease program allows flexibility to set the residual based on your business requirements. At lease-end, you are responsible for the residual.

This program can accommodate:

• High-mileage and heavy-usage vehicles
• Vehicle modifications and upfits

Benefits

• Lower monthly payments
• Flexible terms ranging from 12 to 60 months*
• Combined billing
• No acquisition, up-front administration or termination fees
  Plus
• No mileage restrictions
• No wear and use lease-end charges
• Financing of Ford ESP ( Extended Service Plan)

Commercial Red Carpet Lease

For predictable-use vehicles, choose this closed-end lease with no residual risk. When you complete your lease as agreed, simply take the vehicle to your Ford Dealer. You are only responsible for any excess mileage and wear and use charges.

You have the opportunity to enjoy the quality and technology of a new Ford more often, as well as select from a variety of flexible terms, mileage options and payment choices.

Benefits

• Lower monthly payments Allows for increased cash to be invested in your business
• Lower maintenance costs Short-term leasing means new vehicles more often
• Combined billing
• Advantage of gap protection
• Plus Financing of Ford ESP
• Availability of Commercial Service Plus