Commercial Line of Credit

ExploreBusiness Auto Finance and Lease

An Credence Global Bank Commercial Line of Credit is your business customer’s pre-approved credit line for vehicle purchases. Offering a commercial line of credit to your business customers is a smart way for them to build commercial fleets, and for you to keep your customers doing business with you.

Key features

• Provides an additional source of funding designed for the purchase or leasing of business vehicles
• Offers the flexibility to use the line of credit funding to finance or lease or do a combination of the two
• May be used to purchase or lease passenger cars and light- and medium-duty trucks sold by affiliated dealers
• Covers vehicle conversions/up-fits by an approved vehicle up-fitter

Benefits

For customers

• Preserves bank credit lines for other commercial business needs
• Credit line is available for one year (as long as customers maintain eligibility and are in good standing). It may require submission of additional information periodically for continued access
• Provides convenient billing and payment options such as Auto Pay, an automatic debit of the customer’s payment account – or consolidated billing statements for customers who do not use Auto Pay

For dealers

• Provides your customers with additional source of funding for financing vehicles purchased from your dealership
• Streamlines your dealership’s commercial vehicle delivery process
• Helps improve customer retention
• Provides additional sales opportunities for items such as:
  • Up-fits
  • Service
  • F&I Products