Business Auto Loan
Getting a business auto loan quickly and easily
Finance business vehicles with the added security of knowing you have fixed payment amount and repayment terms – an excellent solution for needs ranging from one car or truck to entire fleets.
Loan Amounts:
Up to $500,000; Minimum $10,000. Some limitations apply based on size and type of business, age of vehicle and down payment
Terms:
Up to 7 years, depending upon whether the vehicle is new or used
Interest Rate:
Fixed rates also available, just speak with a CB&T banker.
Loan Fees:
One-time loan fee of $60. Other closing costs may apply.
Maximum Advance: New and Current Year Autos: Up to 100% of MSRP.
Used Autos: Limited to 80% of purchase price less sales tax and DMV fees. 0r,
a maximum loan amount 100% of wholesale/ trade-in value, whichever is less.
For approvals of up to $50,000, all we typically need is your completed application and:
- Three months of bank statements
- Legal entity documents
- Purchase order
For larger credit lines and loans, additional information will be required.
For information on how you can apply today, click here.
All loans and lines of credit are subject to credit approval. Restrictions apply, see banker for details.