Commercial Financing & Lending Services
Commercial Financing & Lending Services
Why Use Your Existing Bank Lines To Acquire Vehicles?
The convenience of credit
Open a CLOC and you’ll get the advantage of:
- Flexible terms
- No setup or nonutilization charges
- Available for Retail, Red Carpet Lease and CommerciaLease financing
- Credit that frees up capital
- Availability of a combined billing statement
With our CLOC program, you can apply for a credit line starting at $250,000 and, once approved, you can add vehicles to your fleet whenever you need to, for up to 12 months. Now you can be covered all year for all of your financing or leasing needs. No need to reapply every time you need a vehicle.
When to Consider a Commercial Line of Credit
- If you need or anticipate needing $250,000 or more in fleet financing for your business
- If your existing Ford Credit account balance is getting close to $250,000 and you’re planning to make additional purchases in the next 12 months
Start the Application Process
To apply for a CLOC, please click on the link below and submit the required information. For questions about the CLOC application process, please contact the Commercial Lending Services team via email at fcorigin@ford.com or by phone at 1-800-567-2426 ext. 17251. You can also contact your Ford/Lincoln dealer directly.
To complete the initial CLOC application, you will need:
- Signature of person(s) authorized to sign for the business
- Year-To-Date Financial Statements for the current month end, including Balance Sheet and Profit & Loss – Income Statements (<90 days old)
- Reviewed or Audited Year-End Financial Statements – two years minimum, including Notice to Reader and notes (if Compiled include Tax Returns)
- Articles of Incorporation or Certificate of Incorporation and a copy of the Shareholder’s Register/Ownership Structure
Our knowledgeable Commercial Lending Services team and Commercial Business Development Managers are ready to assist you.
Commercial Finance and Lease Programs Brochure
Disclaimer
*Subject to initial approval, ongoing eligibility, periodic reviews and Ford Credit normal lending criteria. Not all customers will qualify. See your Dealer for qualification details. Standard Retail and Lease customer and vehicle eligibility requirements apply. All program terms are subject to be changed, modified or removed at Ford Credit’s sole discretion.
**Provided no material change in financial condition – initial approval is for up to 12 months.
Commercial Lending Service
Retail Financing
Ford Credit provides flexible solutions so we can meet your changing business requirements. We’ll work with you to help develop financially smart solutions.
Features
Traditional financing, Flexible Terms, No hidden fees, Combined Billing Available
Eligible Vehicles
New/Used, Cars through heavy duty trucks, Upfit vehicles, Download capabilities
Ineligilble Vehicles
Emergency, fire and ambulance, Rental Units
Terms
24 – 72 months
Line of Credit
Why use your existing bank lines to acquire vehicles? Consider our Commercial Line of Credit (CLOC).
Open a CLOC and you’ll get the advantage of:
• Flexible terms
• No setup or non-utilization charges
• Available for retail financing, Red Carpet Lease and CommerciaLease
• Credit that frees up capital
• Availability of a combined billing statement
With our CLOC program, you can apply for a credit line starting at $250,000 and, once approved, you can add vehicles to your fleet whenever you need to, for up to 12 months. Now you can be covered all year for all of your financing or leasing needs. No need to reapply every time you need a vehicle.
Red Carpet Lease
For predictable usage vehicles, choose this closed-end lease with no residual risk. When you complete your lease as agreed, simply bring the vehicle to your Ford Dealer. You are only responsible for any excess kilometrage and wear and tear charges.
Features
• Lease payments are usually lower than similar term finance payments
• Allows for your cash to be invested in your business
• Short-term leasing allows newer vehicles more often
GAP Protection Benefit
Red Carpet Lease protects you by waiving the gap between your insurance payoff and your outstanding lease balance if your vehicle is stolen or damaged beyond repair. With GAP protection, you’re responsible for only the insurance deductible and any outstanding charges (e.g., past-due payments) at the time of the incident. Certain restrictions may apply.
Eligible Vehicles
• New
Ineligilble Vehicles
• Upfit vehicles
• High kilometrage and heavy-use vehicles
• Vehicles used for livery (for-hire) operations
• Emergency, fire and ambulance
• Rental units
Lease-End Options
At the end of your Red Carpet Lease, you have your choice of three different options after satisfying your lease-end obligations:
• Buy or lease a new Ford
• Purchase at a predetermined price
• Return your leased vehicle
CommerciaLease
Work smart with a customizable plan for your business.
CommerciaLease is an open-ended lease program that allows flexibility to set the residual based upon business requirements.
Eligible Vehicles
• New/Used
• Cars through heavy duty trucks
• Upfit vehicles
• High kilometrage and heavy use vehicles
Ineligible Vehicles
• Vehicles used for livery (for hire) operations
• Emergency, fire and ambulance
• Rental Units
Features
• Flexible Terms
• No acquisition or up-front administration
• No kilometrage restrictions or penalties
• No charges for excess wear and tear
• Upfits can be residualized
• Combined Billing
Lease-End Options
You have several options at the end of your CommerciaLease
• Contact your dealer to purchase or lease a new Ford vehicle and facilitate the trade in of your current CommerciaLease
• Contact our Business Centre at 877-636-7346 (toll free) for any other inquires.
Note: You are responsible for any deficiency between the balance owed and the selling price (including any costs incurred to sell the vehicle as agreed upon in your Master Lease Agreement).