Atlantic Union Bank announced it now offers nationwide financing for fleets of people movers, such as motor coaches, shuttle, school and transit buses, and more.
Operating under Atlantic Union Equipment Finance, the newly formed Specialty Vehicle Group offers a full range of financing solutions for new and used vehicles, as well as an “application only” credit decision model designed to simplify the borrowing process.
“With lending in 50 states and more than 100+ years of combined experience in the specialty vehicles business, we are well positioned to ensure business owners have the equipment they need to get the job done,” said Jule Kreyling, president of Atlantic Union Equipment Finance. “Whether it’s for a new or used vehicle, we have a wide range of financial solutions available to meet individual tax, accounting, and budgeting objectives.”
The Specialty Vehicle Group’s full line of financing solutions include loans, refinances, lines of credit, TRAC leases, operating/FMV leases, and seasonal payments. Competitive rates, flexible terms and up to 100% financing is available with funding amounts starting at $50,000.
Atlantic Union Equipment Finance recently launched a new application to reduce the amount of paperwork needed to start the lending process. No financial statements or tax packages are required.
“With our new application, business owners can get the financing they need when they need it and keep their businesses running efficiently,” said Kreyling. “Our equipment finance experts and consultants – Scott Baer, Garland Tillery and Dave Scoular – know how the specialty vehicle business works and we’re ready to help.”
Atlantic Union Equipment Finance has helped notable companies including Halcon, Louisiana Motorcoach, ProPark and BLS International secure new funding for fleet upgrades.
In addition to lending to business owners with fleets of people movers, Atlantic Union Equipment Finance also offers lending for construction and industrial equipment, tractors, trucks, trailers, railcars, manufacturing and printing equipment, marine transportation and port equipment, corporate aircraft, information systems, telecommunications equipment, and office furniture and fixtures.
Atlantic Union Equipment Finance will share more about the Specialty Vehicles Group’s finance solutions at the upcoming United Motorcoach Association Expo, scheduled Feb. 23-26 in Long Beach, Calif. Atlantic Union Equipment Finance will exhibit at booth 820.
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