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TOOLS - FOR - HIRE FLEETS AND PRIVATE CARRIERS
Customers can improve cash flow with customized programs that tap the hidden equity in transportation companies’ most valuable asset, their trucks and trailers. FCC has many tools to reduce customers’ monthly obligations including:
Lengthening the term of loans
Consolidating existing loans
Restructuring loan payments
WHO QUALIFIES FOR DEBT RESTRUCTURING?
Generally FCC considers the following information:
Current relationship with FCC
Number of years in business
Ability to service the restructured debt
Payment history
Equipment available for collateral
HOW MUCH CAN YOU REDUCE YOUR LOAN PAYMENTS?
The chart below shows an example of FCC cutting a customer’s payments by $15,493 per month or 63%*. In January 2006, a company financed $1 million in equipment with FCC. On October 1, 2008, the customer refinanced the loan with FCC at his original interest rate.
| Initial Loan |
Refinanced Loan |
| Amount financed: $1 million |
Amount refinanced: $372,060 |
| Loan term: 48 months |
Loan term: 48 months |
| Monthly payment: $24,696 |
Monthly payment: $9,203 |
Contact your local Regional Sales Manager to learn more about how FCC’s debt restructuring can benefit you.
Call us today at 800-207-9286.
* Actual amounts will vary.
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