Atlantic Union Bank will now offer specialized vehicle lending services, providing financing for vehicle fleets such as 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 “on-demand only” credit decision model designed to simplify the process. of borrowing.
“With loans in 50 states and over 100 years of combined experience in the specialty vehicle industry, 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 Finances, says. “Whether it’s a new or used vehicle, we have a wide range of financial solutions available to meet individual tax, accounting and budgeting goals.”
Financing solutions for the new specialty vehicle group will include loans, refinances, lines of credit, TRAC leases, operating leases/FMV and seasonal payments. The group will provide up to 100% financing with funding amounts starting at $50,000.
In an effort to simplify the loan process, Atlantic Union Equipment Finance recently launched a new app to reduce the amount of paperwork needed to start the loan process, with no financial statements or tax packages required.
“With our new app, business owners can get the financing they need when they need it and keep their business running smoothly,” Kreyling said. “Our equipment finance experts and consultants – Scott Baer, Garland Tillery and Dave Scoular – know how the specialty vehicle industry works and we’re ready to help.”
Atlantic Union Equipment Finance will share more about financing solutions for its new specialty vehicle group at the upcoming United Motorcoach Association Expo, February 23-26 in Long Beach, CA.