Heavy vehicles are also valid to avail loan

In general, banks would not be supporting companies to provide asset loan companies with more heavy vehicles. Unfortunately a factory needs only trucks and heavy trucks and other transportation vehicles. These vehicles are used every day. Therefore, the depression value would be reduced every day. In case a heavy vehicle is running for hundred kilo meters. That vehicle would be slightly gets repair. In case, the service is not done properly, the spares should have to be changed. The spares of the vehicle would be with huge charge. However, the service contractors would do their best service, and send the vehicle with good running condition. However, bank considers all these things and not providing any loan for the normal vehicle or heavy vehicle. At the same time, banks would be ready to provide loans for purchasing new vehicles even expensive vehicle gets loan.

All the factory owners buying all the vehicles and paying regular dues to the banks, for used vehicle no bank is ready to provide loan, the important reason is the vehicles could not be sold by the bank to any buyers. Buyers are also not buying any vehicle comes in action. Action vehicle runs at some time, and in sometime the vehicle would not be in good condition to run. However, Trucking, Transportation, and Freight Factoring is helping all the companies and providing money. The interest rate is also very less when comparing to the bank loans.  The general loans are availed by all companies, when the company needs money only private lender is helping all the companies.

 

How the private lender is considering providing loan is very interesting. The lender company is checking all sales and profits of the company; apart from this the lender is checking the outstanding of the company, which would more enough to provide the loan amount. Apart from all these things, the lender is considering the asset as on date of the company. Once they found a company has enough assets to pay the interest money, this is absolutely enough for the lending company to provide loans to the company. Apart from this, to take the interest money, the lending company is helping in collecting money from all the customers and paying to the supplied company. However, any factory no need to worry about the money to bid for any new orders and for getting new customers to develop the company.

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