Smart Business Credit On-site Financing!
Smart Business Credit has provided on-site instant financing at select heavy equipment auctions throughout North America since 1996. For over 25 years, Smart has consistently exceeded auction buyer expectations with the fastest and easiest approval process, quick funding, and the lowest rates.
Smart will approve over 95% of applicants that apply. The reason for the high approval ratio is simple. We won’t discriminate based on your business or personal credit condition. We simply get creative, and place every approval into a program that makes fiscal sense for both the company applying for credit and one of our many loan portfolios. As a result, an “A” credit company in business over 5 years could enjoy a simple interest rate as low as 3.5%, while “B” and “C” credit companies are still approved at higher rates. Typically credit challenged “B” and “C” rated companies are not bankable at traditional lending institutions. However, Smart has investors that are willing to take the risk with a higher yield because of the strong resale value in used Heavy Equipment purchased at auction.
Smart’s aggressive approach has allowed our agents to approve over 1 Billion Dollars in total auction applications since we started this process in 1996.
The benefit of having an auction approval is that funds are not limited to one auction. Assuming you don’t win your bid, the funds can be used at another quality auction, dealership or a private party seller within 90 days of your approval.
Of course, it’s always easier to get approved prior to the auction. If you’d like to know what your payment would be before you bid, just complete this quick application and one of our agents will reach out to discuss your options.