New program will allow for access to much-needed specialty and highway trucks for companies and owner-operators who would not qualify for standard loans, BFE Financial reports

Burlington, ON -- (SBWire) -- 12/05/2014 --BFE Financial announced the launch of a new B-credit commercial truck financing program for businesses and owner-operators. Aimed at individuals and companies with credit histories that do not meet standard financing requirements, the new program will afford greater flexibility and financial leverage to those in this situation. BFE Financial is a top provider of financing for specialty and commercial trucks, and works with both dealers and buyers to arrive at the most satisfying financing arrangements possible.

"Ever-rising lending standards mean that many worthy borrowers have a hard time getting the loans they need to pay for crucial new business assets," BFE Financial representative Barry Penner said, "Our new 'B' credit financing program is going to make a real difference for those with flawed credit records as they seek to buy commercial trucks of any sort."

Many car buyers who have fallen behind on loan payments at one time or another are familiar with how devastating these lapses can be when it comes time to get a loan for a new personal vehicle. Passenger cars, however, normally cost a mere fraction of what commercial trucks do, with price tags for the latter often starting at $100,000 or more.

Because of the increased stakes involved, securing financing for a new tractor-trailer, dump truck, bucket truck, or other such vehicle can therefore be difficult for companies and individuals with blemished credit records. BFE Financial's new B Credit Financing Options For Specialty Trucks is targeted at providing much-needed relief for those grappling with such issues.

With no set financing maximum, the new program will allow for consideration of all prospective borrowers, whatever their credit histories. Even brand-new businesses and borrowers who have recently gone through bankruptcy will be considered, a rarity in an industry where such borrowers are often written off from the beginning. Furthermore, both corporate borrowers and individual owner-operators are eligible under the new program, and financing for all sorts of commercial truck purchases, from tractor-trailers to a wide variety of specialty trucks, will be available.

As one of the Canadian truck-lending industry's standouts, BFE Financial has a strong record of providing assistance to borrowers who can best use it. The company's Sub Prime Truck Leasing Programs, for example, supply the same kind of flexibility and business-enhancing opportunity that the new B-credit financing program is designed to provide. Under those programs, companies and owner-operators with marred credit histories have often been able to obtain term-lease use of refrigerated trucks, pumper trucks, water trucks, and other truck assets that have allowed their businesses to function at higher levels of capability.

BFE Financial also works closely with dealers to develop similarly productive and valuable partnerships. BFE Financial's Bad Credit Vendor Truck Financing Program, for example, allows resellers of specialty trucks to improve their own bottom lines as they become able to conclude deals with customers who would previously have been turned away, at the same time giving those buyers access to the vehicles they need to allow for the growth of their own businesses.

More information about the new B-credit truck financing program, as well as the company's many other services, can be found at the BFE Financial website. Visitors to the site can also conveniently request lease quotes and find contact details.

About BFE Financial
Focusing on flexible, attractive financing and leasing options for those with imperfect credit histories, BFE Financial helps buyers of all sorts acquire the highway and specialty trucks they need to allow their businesses to grow.