The Forklift Pro is excited to announce a new partnership with APPROVE, bringing enhanced financing options to our customers. APPROVE is revolutionizing the way equipment sellers offer financing, providing a seamless and accessible solution for businesses of all sizes.
With their extensive network of diverse lenders, APPROVE can approve a wider range of credit profiles and business types, ensuring that more customers can secure the financing they need. This partnership allows The Forklift Pro to deliver flexible payment options, making it easier than ever to acquire the new or used MHE available at The Forklift Pro.
APPROVE Financing: Frequently Asked Questions
The following frequently asked questions can give you a better idea of how APPROVE works. We hope this serves as a valuable resource to assist you in making informed purchasing decisions. If you have any questions or concerns about the buying process, don’t hesitate to contact a Pro at 704-716-3636.
How many lenders will review my application?
APPROVE’s expansive and continually growing network of lenders ensures your application is matched with the one(s) most likely to offer the best rates, based on your business type and credit profile. If multiple lenders are a good fit, you may receive competing offers, giving you the opportunity to compare options.
Will this affect my credit?
Your personal credit won’t be impacted unless a personal guarantee is required. In cases where personal guarantees are necessary, some lenders may perform a credit inquiry. However, since these inquiries occur within a short time frame and for the same purpose, credit bureaus treat them as a single inquiry, minimizing any potential impact.
How long does the application process take?
For established businesses with strong commercial credit, approval can be instant. If additional information is needed, the speed of the decision depends on how quickly you provide the required details. In many cases, decisions are made within hours once all necessary information is submitted.
Can I get financing for personal use of equipment?
Equipment financing is available to businesses and organizations, including corporations, LLCs, sole proprietorships, partnerships, and nonprofits. It is not available for consumers looking to use the equipment solely for personal purposes.
What is the average cost of financing?
The cost varies based on factors such as your business credit, industry, time in business, and any additional guarantees. Generally, equipment financing has an equivalent APR ranging from 5% to 25%. With our wide network of lenders, you can rest assured that you’ll get the most competitive rate available.
Is financing available outside the US?
Currently, equipment financing is only available for US-based companies that intend to keep the equipment within the country.
What is the minimum value of equipment that can be financed?
The minimum equipment value for financing is $1,500. There is no maximum, and our lender network offers competitive rates for equipment valued into the millions.
Go with the Pros
When you’re in the market for a reliable and cost-effective forklift, The Forklift Pro is your go-to source. We specialize in offering high-quality used MHE and accessories tailored to meet the needs of businesses of all sizes. With our extensive inventory, you’re sure to find the perfect equipment to keep your operations running smoothly.
With the addition of APPROVE Financing, securing the right forklift for your business has never been easier. Let us help you take your operations to the next level with affordable, dependable equipment and flexible financing options.