FAQs - First Financial LLC

Frequently Asked Questions

You’ve come to the right place. Transportation is our specialty. From the largest heavy haul semi-tractor to smallest utility trailers, we finance it all. We offer a wide variety of loan & lease solutions to large fleet operators, single truck owner operators, and vocational/medium duty operators.

We’re committed to making your experience a positive one. Let our courteous and knowledgeable professionals structure finance or lease terms that will fit your needs.

Frequently Asked Questions

You’ve come to the right place. Transportation is our specialty. From the largest heavy haul semi-tractor to smallest utility trailers, we finance it all. We offer a wide variety of loan & lease solutions to large fleet operators, single truck owner operators, and vocational/medium duty operators.

We’re committed to making your experience a positive one. Let our courteous and knowledgeable professionals structure finance or lease terms that will fit your needs.

Why should you consider First Financial LLC?

Quick Response
Fast Approval
Competitive rates
Customer satisfaction is our top priority
Flexible and creative programs to fit your needs
Over 65 years of combined experience
Expert consulting to help strengthen your borrowing ability
Our goal is to build a long-term relationship with our customers

What’s your finance and lease rates?

The finance and lease rates we offer are competitive with your local banks, but we also offer financing solutions to applicant that would be turned down by their own bank.

Does First Financial offer financing in all US states?

Yes, with the exception of California.

What type of assets does First Financial Finance?

If you’re looking to purchase equipment that is essential in the operation of your business, there’s a very strong chance that we’ll financing it.

How long does the finance process take?

The typical finance transaction typically takes between 2-4 days.

Is there going to be an inquiry on my credit from First Financial, LLC?

Our standard practice is to pull an Experian soft credit pull on each guarantor, although it’s sometimes necessary for us to pull reports from TransUnion and Equifax which are hard credit pulls. A soft inquiry, sometimes known as a soft credit check or soft credit pull, happens when you or someone you authorize (like a potential employer or equipment finance lender) checks your credit report. Soft inquiries don’t impact your credit scores because they aren’t attached to a specific application for credit. In fact, with a couple exceptions, only you can see soft inquiries on your credit report.

Do you work with small businesses?

Absolutely! The majority of our clients have less than 10 employees.

Do your offer financing to sole-proprietorships?

Yes, many of our clients are one-man operations.

Why not just finance with my bank?

Your typical bank can take up to a week or more to provide a credit decision. It also may be more difficult to obtain and approval due to stringent banking regulations.

Should I just pay cash for my equipment?

Positive cash flow is critical in the operation of a successful business. Unforeseen expenses can cripple a business and cause it to fail. Maintaining an adequate level of capital in your business will ensure its success.

Loan vs. Lease. How do I decide?

Both leases and loans have unique benefits; one is sometimes better than the other depending on the circumstance. Leases are flexible and can be tailored to your business needs. In some instances, the monthly lease payment is considered an operating expense and creates a line item deduction against overall revenue. In other instances, the equipment is depreciated and written off over the useful life of the asset. Since every business is unique, we recommend consulting with a qualified accountant to determine which option is most beneficial for your businesses’ specifics situation. Note: most of our customers choose an Equipment Finance Agreement (EFA) enabling the borrower to own the equipment at the end of the term, typically 60 months.

Is your financing Section 179-friendly?

Yes. And we encourage you to use Section 179 in conjunction with our financing / equipment leasing.

What about ACH Payment?

ACH payments are financial transactions handled through what is called the Automated Clearing House (ACH). In some cases, we will require that your monthly payment be automatically withdrawn directly from your account. It’s optional for clients when not required.