800.771.4287 5 LOCATIONS GATR Truck Center Semi Truck Financing in Iowa & Minnesota If you need help with financing, we're here to help! We make Semi Truck Financing Easy! We finance individuals and businesses, large and small, identify their needs, enhance their strategic planning and structure proper terms to minimize depreciation costs. Our teams of knowledgeable finance professionals analyze each unique situation and structure a plan to match your equipment utilization, trade cycles and cash flow. About Credit Applications A Credit Application is a questionnaire that a lender or business will require you to complete before lending you money or extending credit. The information you supply on a credit application helps the lender determine whether to lend you money, how much, assess your ability to repay, and offer the best terms possible for your loan. These applications will vary, but the basic information required is explained below. As always, whenever entering into any agreement, be sure to take the time to read and understand the agreement. Before entering into any agreement you do not completely understand, seek the advice of a financial or legal professional. Generally, the first part of a credit application will ask you to provide basic identifying information about you and/or your company. This information will include such items as name, address and phone number. This section will also typically ask for your social security number if you're applying as an individual, and both your SSN and the employer identification number or EIN of the business if you're applying for a business loan. The application will usually request the amount of the loan you are seeking and the purpose of the loan, (equipment make, model, VIN, condition, etc.). The financial information section will ask you about your income and financial background. As an individual, you will be asked about your salary or annual earnings, assets, home ownership status, other outstanding debt obligations and banking information. If you are applying for credit as a business, you will be asked about your annual sales and net income in addition to the items above. The application may also request that you submit a copy of recent tax returns or audited financial statements with the application. A work history, section may also be included. Typically, an application will ask for a five to ten year work history. The lender may ask for contact information for past employers, in addition to length of employment, and salary history. The references section will ask you to list individuals or businesses with which you have worked, and paid for services. The creditor will ask for contact information for these references, including phone numbers and email addresses, as well as details about the relationship, such as the length of your relationship, and payment history. If you have a Loan Guarantor (co-signer), the lender will ask for contact information for each co-signer as well as social security numbers, driver's license numbers, work or income information, and other financial information. The credit application will also contain the Terms and Conditions of the loan. You must agree to these when you submit your credit application. This section will include your permission to run a credit check on all loan applicants. This section may also include details of the credit approval process, details about the approval process, and specific terms of the loan. Also included may be information regarding interest rate, fees, conditions of the loan, and the lender’s dispute resolution process that you are agreeing to by submitting the loan application. If you're considering financing your new Volvo trucks, Hino trucks, or Mack trucks, you're in good hands with our finance department. Let us help you set up a financing plan that gets you the truck you want as soon as possible. Our friendly and professional staff can get you on the road to your destination in no time. Apply Today for Truck Financing Our knowledgeable finance staff is here to make the process of purchasing your truck easy, so there's no reason to put it off. To get a quote, apply now. Our staff will contact you about our available financing options. CONTACT US CONTACT US 800.771.4287 CONNECT WITH US Facebook (opens in new window) Instagram (opens in new window) LinkedIn (opens in new window) QUICK LINKS New Truck Inventory Used Truck Inventory Parts Dept. Service Dept. Financing Body Shop Big Bunks About Us Contact Us Careers Leasing/Rental Dealer Spike (opens in new window) Copyright© 2021 Dealer Spike All Rights Reserved Policy | Privacy | Terms | Accessibility | Site Map