Sovereign Bank

Commercial Vehicle Financing

Corporate Banking Commercial Vehicle Financing
Commercial Vehicle Finance is a national lender specializing in custom financing programs for commercial vehicles and equipment.
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The Commercial Vehicle group is comprised of seasoned industry professionals with an understanding of the market, the customer, the vendor, and the vehicle. We develop financing programs based upon 4 guiding principals: simple, fast, convenient, and competitive.

Highlights
  • New and used vehicles
  • Financing terms from 12 to 84 months
  • Customized payment schedules
  • Application-only (up to $150,000)
  • Minimum finance amount = $25,000
  • Maximum finance amount = $10,000,000
Industry Specializations
  • Towing and recovery: carriers, self-loaders, heavy-duty units, and wreckers
  • Commercial school bus contractors
  • Transportation equipment for daycare and head start, non-profit rehabilitation facilities, and assisted living facilities
  • Paratransit: wheelchair vans, mid-sized buses, ambulances, and ambulettes
  • Pavement: vacuum trucks, sweepers, pavers & stripers
  • Limousine/For-Hire transportation
Efficient and Cost-Effective Vehicle Leasing Options
Vehicle leasing programs, from government vehicles to ambulettes, to service all of your needs.
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