“The Forklift Pro is thrilled to announce a new collaboration with APPROVE, offering enhanced financing options for our customers. APPROVE is transforming how equipment sellers provide financing by delivering an accessible and streamlined solution for businesses of all sizes.
With APPROVE’s vast network of diverse lenders, more credit profiles and business types are eligible for approval, ensuring that a greater number of customers can secure the necessary financing. This partnership enables The Forklift Pro to offer flexible payment plans, making it simpler to purchase the new or used MHE available at our store.
APPROVE Financing: Common Questions
Here are some frequently asked questions to help you understand how APPROVE works, ensuring you make informed purchasing decisions. If you have further inquiries, feel free to contact a Pro at 704-716-3636.
How many lenders will evaluate my application?
APPROVE’s extensive and growing network of lenders matches your application with those most likely to offer competitive rates, based on your business type and credit profile. If several lenders fit, you may receive multiple offers to compare.
Will my credit be affected?
Your personal credit won’t be impacted unless a personal guarantee is required. In cases where it’s necessary, some lenders may conduct a credit check. However, multiple inquiries for the same purpose within a short period are treated as a single inquiry by credit bureaus, minimizing any credit impact.
How long does the application process take?
For businesses with strong commercial credit, approval can be instant. If more details are required, the timeline depends on how quickly you provide them. Typically, decisions are made within hours after all necessary information is submitted.
Can I finance equipment for personal use?
Equipment financing is available to businesses and organizations, including corporations, LLCs, sole proprietorships, partnerships, and nonprofits. It’s not available for personal use.
What is the average cost of financing?
The cost varies based on your business’s credit, industry, time in operation, and any required guarantees. Generally, equipment financing has an equivalent APR between 5% and 25%. With APPROVE’s broad lender network, you can be confident in securing a competitive rate.
Is financing available outside the US?
Currently, equipment financing is limited to US-based companies intending to keep the equipment within the country.
What is the minimum value of equipment that can be financed?
The minimum value for financing is $1,500. There’s no maximum limit, and our lenders offer competitive rates even for equipment worth millions.
Choose The Forklift Pro
When you need reliable and cost-effective forklifts, The Forklift Pro is your trusted source. We specialize in high-quality used MHE and accessories tailored to fit businesses of any size. With our wide inventory, you’re bound to find the right equipment to keep your operations running smoothly.
Now with APPROVE Financing, acquiring the perfect forklift for your business is even easier. Let us help you enhance your operations with dependable equipment and flexible financing options.”
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