Atlantic Union Bank will now offer specialty vehicle lending services, providing financing for fleets of vehicles such as motor coaches, shuttles, school buses and transit buses. Operating within Atlantic Union Equipment Finance, the newly formed specialty vehicle group will offer financing solutions for new and used vehicles, as well as an “application only” credit decision model designed to simplify the borrowing process.
“With lending in 50 states and more than 100-plus years of combined experience in the specialty vehicles business, we are well positioned to ensure business owners have the equipment they need to get the job done,” Jule Kreyling, president of Atlantic Union Equipment Finance, said. “Whether it’s for a new or used vehicle, we have a wide range of financial solutions available to meet individual tax, accounting and budgeting objectives.”
The new specialty vehicle group’s financing solutions will include loans, refinances, lines of credit, TRAC leases, operating/FMV leases and seasonal payments. The group will provide up to 100% financing with funding amounts starting at $50,000.
In an effort to simplify the borrowing process, Atlantic Union Equipment Finance recently launched a new application to reduce the amount of paperwork needed to start the lending process, with no financial statements or tax packages required.
“With our new application, business owners can get the financing they need when they need it and keep their businesses running efficiently,” Kreyling said. “Our equipment finance experts and consultants — Scott Baer, Garland Tillery and Dave Scoular — know how the specialty vehicle business works and we’re ready to help.”
Atlantic Union Equipment Finance will share more about its new specialty vehicle group’s finance solutions at the upcoming United Motorcoach Association Expo, which will be held from Feb. 23 to Feb. 26 in Long Beach, CA.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!