How do I apply for Financing?

• Click on Apply Now and easily fill out the application in just minutes. ​

​

How long does it take to get approved for Commercial Funding through JR Capital?

• Approvals typically occur within 24 business hours and can be funded within 48 hours. If your finances are in order and you can show proof of income/industry experience and have good credit. ​

​

What if I just started my business, can I still be approved for Commercial Financing?

• Yes, if you have a new business, but can prove industry experience of 2 years or more by providing a 1099, Schedule C, or proven income via bank statements, you can still be approved. ​

​

Once approved, how soon can I take delivery on the equipment?

• Once approved, you are able to take delivery immediately, once payment and funding wires are confirmed.

​

If I am a new business, can I get approved for the full Capitalized Cost?

• Yes, in most cases you can be approved for the full capitalized funding amount, as long as you meet minimum requirements.

​

What if I have a new business with No Credit? ​

• Expect to pay higher implicit interest rates, but with proof of income, you can still be approved. ​

​

What does "Affordability" mean?

• Affordability means: What can your business afford without compromising operational cash flow, while ensuring all business necessities are paid. ​

​

How do I budget for an upfitted truck and know that I can afford the monthly payments?

• Add up your total "Net" business income per month (Take home income after taxes).

• Write down an itemized list and amounts of current reoccurring necessity expenses (Examples below).​

 

Expenses
Fixed

• Office Rent -----------------------$2,500 mo

• Commercial Auto Insurance -----$200 mo

• Health Insurance ----------------$600 mo

• Phone ---------------------------$60 mo

• Internet -------------------------$140 mo

• HECO Electric Bill ----------------$150 mo

​

Variable​

• Misc Expenses -----------$300 mo

• Marketing Exp -----------$200 mo

• Fuel ---------------------$150 mo

• Total Net Income --------$6,000 mo

• Total Monthly Expenses --$4,350 mo

• Remaining ---------------$1,650 mo​​

​​

The information above is intended for educational purposes only and does not constitute financial advice. Please consult with a CPA for specific questions.