Loans up to $50,000, delivered through nonprofit, community-based intermediary lenders — each sets its own credit requirements.
Verified 2026-07-10 · information may have changed — verify directly with the lender.OFN's locator lists OFN member CDFIs (it does not reflect all CDFIs). CDFIs collectively serve all 50 states; each sets its own products, eligibility, and rates.
Verified 2026-07-10 · information may have changed — verify directly with each CDFI.Equipment financing — the truck is the collateral. Ask how the security interest is recorded (on the vehicle title or through a UCC filing, depending on the collateral and state law). Review the default and repossession terms — a secured party's remedies are governed by UCC Article 9, and non-judicial repossession is allowed only if it proceeds without a breach of the peace. After payoff, confirm any UCC financing statement is terminated and any title lien released. Sources: UCC §9-311, §9-609, §9-513, state motor-vehicle title. Verified 2026-07-10 — verify directly.
Seller financing — you pay the seller over time. Ask how the security interest is recorded (title or a UCC filing). Review the default and repossession terms (governed by UCC Article 9). After payoff, confirm any lien is released. Sources: UCC §9-311, §9-609, §9-513, state motor-vehicle title. Verified 2026-07-10 — verify directly.
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Information may have changed — verify directly with each lender or authority.