Industries We Serve
From tow trucks to garbage trucks to cherry pickers, Universal Finance can help you find the vocational vehicle that you need and provide you with the loan that is necessary to purchase it. Universal Finance provides a dedicated, single point of contact for premier commercial lending to companies that use vocational vehicles.
Universal’s extensive experience in asset-based lending gives us a unique edge when relating to our small business customers. In many cases, Universal Finance will travel to meet new customers to gain a better understanding of their operation and to look over their vocational vehicles and related machinery.
As an experienced lender, we understand the economy and we can appreciate the financial ebbs and flows that impact companies that use vocational vehicles. Universal’s decision to provide a loan to a customer is determined by the “Three C’s – Credit, Collateral, and Character.” Unlike a traditional bank, our decision to finance a customer goes beyond just how they look on paper. We develop a complete understanding about who the customer is and what they have to offer. This approach solidifies our relationship with the companies that have secured commercial financing from us over the years.
The foundation of our business is built on client relationships, convenient financing, and fast turnaround. By working closely with our customers to understand their needs, we possess the unique ability to provide borrowers with the funds they need to purchase vocational vehicles and obtain working capital. Our customers never have to wait long for an answer, and we work diligently to provide them with funding as quickly as possible.
At Universal Finance, it’s our belief that a business shouldn’t suffer because of under-funding. Many businesses fail due to insufficient funding or capital to support their operations. We work with customers to help them utilize their vocational vehicles and equipment as collateral in order to obtain an equipment or working capital loan. By using their existing equipment and machinery, customers can receive a loan based on the value of these assets.