The Ford Business Credit Application form is a document used by businesses to apply for credit from Ford Motor Credit Company. This form collects essential information about the applicant's business, including legal names, tax identification numbers, and financial details. Completing this application accurately is crucial for establishing a credit relationship with Ford Credit, so be sure to fill it out carefully by clicking the button below.
The Ford Business Credit Application form is a vital tool for businesses seeking financing options through Ford Motor Credit Company. This comprehensive form gathers essential information about the applicant, including the legal name, business structure, and contact details. It requires details such as the type of business, years in operation, and gross monthly income, which helps Ford assess the financial health of the applicant. Additionally, the form includes sections for personal guarantors, ensuring that individuals associated with the business can also be held accountable for the credit. Key information such as Social Security numbers, addresses, and ownership percentages must be provided for all owners and guarantors. The application also prompts businesses to disclose previous relationships with Ford Credit, as well as other creditors, which aids in building a complete financial profile. Furthermore, it outlines the responsibilities of the applicant regarding insurance coverage and provides important legal disclosures specific to various states. Overall, this application serves as a gateway for businesses to establish a credit relationship with Ford, paving the way for potential financing opportunities.
BUSINESS
CREDIT
APPLICATION
FC-7144
DEALER
CONTACT
LOCATION
PHONE
FAX
Legal Name:
Date of Birth (for Individuals):
DBA:
Proprietorship
Corp.
Sub S
LLC.
Partnership
Other:
Tax Exempt Number:
State-issued Organization # (not tax id #):
State of Organization or state of legal residence for individuals:
SOC SEC # / TAX ID #
Gross Profit (Monthly Income)
Type of Business
Yrs in Business
E-Mail and Website Address
Primary Legal/CEO Address: Street
City
County
State
Zip
Billing Address: Street
(if different from above)
Fleet Manager Name:
Phone #
E-mail Address
Garage Address: Street
Fax #
Mobile Phone #
Contact Name
Owner/Guarantor: Name
Title
Address
PH#
Social Security / TN #
Date of Birth
Ownership %
Note: Sole Proprietor, Individual Co-Applicant(s) or Individual Guarantor(s) must complete this section
Individual (First Name, Middle Name, Last Name, Suffix):
Social Security Number
only
Home Phone
Own Home Outright
Living with Relatives
Driver’s License No. & State
(
)
Buying Home
Leasing/Renting
Lived There
Yrs.
Mos.
Individuals
Previous Employer / Business (if less than 2 years)
Phone Number
do not wish to have it considered as a basis for repaying this obligation.
Monthly Income
Secondary Income *
Source
*Alimony, child support or separate maintenance income need not be revealed if you
for
Mortgage Holder / Landlord (Name & Address)
Mortgage Holder / Landlord Phone
Mortgage Payt / Monthly Rent
Complete
Name & Address of applicant’s nearest relative not in household
Relationship
Name & Address of applicant’s non-related personal reference known over one year
Please use additional applications if more space is needed for multiple owner, quarantor or applicant information.
Have you previously done business with Ford Motor Credit Company (check one
Yes No) If yes, Acct #:
List other creditors you do business with:
Bank
City & State
Telephone #
Contact
Account #
Trade
IMPORTANT INFORMATION ABOUT ESTABLISHING A RELATIONSHIP WITH FORD CREDIT
For the purpose of securing credit from Ford Motor Credit Company ("Ford Credit"), each of the parties signing below (the "Undersigned") certifies that the above information is true and complete. The Undersigned authorize Ford Credit to: (i) check their respective credit and employment histories, verify income, and provide and/or obtain information about their credit experience with Ford Credit, and (ii) at any time, sell, transfer, or assign any credit secured from Ford Credit and any or all servicing rights with respect thereto, or grant participations therein or issue securities with respect thereto.
The Undersigned each consent and specifically authorize Ford Credit, as it may deem necessary or desirable, to forward any documentation and information which Ford Credit now has or may hereafter acquire in connection with any transaction between any of the Undersigned and Ford Credit to any potential investor, rating agency, and any other party involved in the sale, transfer, assignment, securitization, or participation transaction involving any credit granted to the Undersigned.
Ford Credit may receive from and disclose to other persons, including credit reporting agencies, financial information about the Undersigned and information about each Undersigned’s account and credit experience and each of the Undersigned authorizes any person to release to Ford Credit financial information about the Undersigned and credit experience and account information on the Undersigned. In addition, each of the Undersigned agrees that Ford Credit may receive from and disclose to any of its affiliates, any and all such information now or hereafter provided by the Undersigned to any of the foregoing entities, including without limitation present and future credit applications, financial statements and organizational documents. This is a continuing authorization for all present and future disclosures of financial information, account information and credit experience on the Undersigned made by Ford Credit, or any person requested to release such information to Ford Credit. The Undersigned each agree that a credit report bearing on such Undersigned’s credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or way of living may be requested in connection with this application and future requests for credit. Upon request from any of the Undersigned, Ford Credit will advise such Undersigned, as applicable, whether a credit report was requested and if such a report was requested, Ford Credit, will inform such Undersigned, as applicable, of the name and address of the credit reporting agency that furnished the report.
The Undersigned each agree that Ford Credit, its affiliates, agents and service providers may monitor and record telephone calls regarding my account to assure the quality of service or for other reasons. Each of the Undersigned also expressly consent and agree to Ford Credit, its affiliates, agents and service providers using written, electronic or verbal means to contact the Undersigned. This consent includes, but is not limited to, contact by manual calling methods, prerecorded or artificial voice messages, text messages, emails and/or automatic telephone dialing systems. The Undersigned each agree that Ford Credit, its affiliates, agents and service providers may do so using any e-mail address or any telephone numbers the Undersigned provide, now or in the future, including a number for a cellular phone or other wireless device, regardless of whether the Undersigned incur charges as a result.
SEE NEXT PAGE OF THIS FORM FOR IMPORTANT INFORMATION FOR CALIFORNIA, MAINE, OHIO, RHODE ISLAND, TENNESSEE, AND VERMONT.
Applicant Signature
Date
I intend to apply for joint credit
Applicant Initial Here
Co-Applicant Signature
Co-Applicant Initial Here
Guarantor Signature
**If corporate guarantor, authorized officer must sign and show corporate title. If partnership guarantor, a general partner must sign and show ‘‘Partner’’ as Title.
If individual guarantor, show ‘‘Individual’’ as Title.
V. 2.4
FC-7144 (REV. February 17)
Please complete page 2 of this application for required transaction specific detail.
BUSINESS CREDIT APPLICATION - PAGE 2
VEHICLE INFORMATION - (All of the below information is tentative and subject to the terms and conditions of the applicable approval letter. Use additional application for multiple vehicles.)
Qty
N/U
Year
Make / Model
GVW
Serial / VIN #
Total CAP Cost
Residual %
Est. Payment
Installed equipment, body uplifts or add-ons, etc. > $1,000.00:
Total cost of body uplifts / add-ons: $
Trade Detail: QTY:
VIN #
Dealer Allowance
Leinholder
Payoff Amount
Will the vehicles be:
Used in Hazardous Material Transportation:
Yes
No
Used in People Moving Services:
Used in For-Hire Transportation:
Part of a Sub-Lease Arrangement?
NOTE SPECIFIC PROGRAM OR OTHER DETAIL:
Terms:
#of Months
#of Adv. Pmts.
Circle Skip Months:
J F M A M J J A S O N D
Cash Price
$
Net Trade
-
Cash Down
FET
+
Other Up Front Tax
Tags & Title
Cap Cost
California Disclosure
Applicant, if married, may apply for a separate account.
Maine Resident
If your credit application is approved and you finance the purchase of your motor vehicle through Creditor, you will be required to insure the vehicle against loss or damage. Creditor requires collision coverage and comprehensive coverage or fire and theft coverage. In addition, if this application is for a lease, Creditor will also require you to obtain liability insurance.
You have the option to select an agent or broker of your choice, whether or not affiliated with Creditor. Obtaining insurance from a particular agent or broker does not affect credit decisions by Creditor, unless the insurance product selected violates the terms of your contract for the purchase or lease of the motor vehicle.
Ohio Disclosure
The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.
Rhode Island Resident
A Credit Report may be requested in connection with this application for credit. Vehicle insurance may be obtained from a person of your choice.
Tennessee Resident
You must maintain insurance during the term of the contract. You must give the Creditor evidence of this insurance. The amount and type of insurance must be acceptable to the Creditor. YOU MAY CHOOSE THE PERSON THROUGH WHOM ANY INSURANCE IS OBTAINED.
Vermont Resident
By signing this credit application, Applicant consents to your obtaining a credit report for the purposes of evaluating this application and to obtain subsequent credit reports, in connection with this transaction, for the purpose of reviewing the account, taking collection action on the account or for any other legitimate purpose associated with the account.
Filling out the Ford Business Credit Application form requires careful attention to detail. Make sure to have all necessary information ready before you begin. This form will help establish a credit relationship with Ford Motor Credit Company.
The Ford Business Credit Application form is designed for businesses seeking financing options through Ford Motor Credit Company. This application collects essential information about the business, including its legal structure, financial status, and credit history. By submitting this form, businesses can apply for credit to purchase or lease Ford vehicles, ensuring they have the necessary resources to support their operations.
To complete the application, several key pieces of information are needed:
Providing accurate and complete information helps expedite the approval process.
Ford Credit takes the verification process seriously. They may check credit and employment histories, verify income, and obtain information about your credit experience. This thorough review ensures that all details provided are accurate and helps determine the creditworthiness of the applicant.
If your application is approved, you will receive an approval letter detailing the terms and conditions of the credit. This may include information on interest rates, payment schedules, and any additional requirements, such as insurance coverage for the vehicles financed. It's essential to review these terms carefully before proceeding.
Yes, the application allows for multiple owners or guarantors. Each individual must provide their personal information, including social security numbers and ownership percentages. This feature enables businesses with multiple stakeholders to apply for joint credit, making it easier to secure financing collectively.
If you have questions or need assistance while filling out the application, it is advisable to contact a Ford Credit representative or your local Ford dealership. They can provide guidance and clarify any uncertainties you may have regarding the application or the financing process.
Filling out the Ford Business Credit Application form can seem straightforward, but many people make common mistakes that can delay the approval process. One frequent error is not providing the legal name of the business accurately. This name must match official documents. If there are discrepancies, it can lead to confusion and potential rejection of the application.
Another common mistake is failing to include the tax identification number or social security number. This information is crucial for verifying the identity of the business and its owners. Omitting it can raise red flags and cause unnecessary delays.
Many applicants also overlook the importance of providing complete contact information. Missing details such as the email address or phone number can hinder communication. If Ford Credit cannot reach you, it may slow down the entire process.
In addition, applicants sometimes forget to specify the type of business they operate. Whether it’s a corporation, partnership, or sole proprietorship, this classification is essential for the application’s evaluation. Not indicating this can lead to misunderstandings regarding the application’s requirements.
Another mistake involves the financial information section. Some individuals may not report their gross profit accurately or may leave it blank. Providing clear and precise income details is vital. Incomplete financial information can lead to a denial of credit.
Finally, many people neglect to sign the application or provide the necessary initials where required. The signatures serve as a confirmation that all information is accurate and that the applicant agrees to the terms. Without these, the application may be considered invalid.
The Ford Business Credit Application form is an essential document for businesses seeking financing through Ford Motor Credit Company. However, several other forms and documents often accompany this application to provide additional information and support the credit request. Below is a list of commonly used documents.
Including these documents with the Ford Business Credit Application can streamline the approval process and enhance the chances of securing financing. Each document plays a vital role in presenting a complete financial picture to the lender.
When filling out the Ford Business Credit Application form, attention to detail is essential. Here are six important dos and don’ts to keep in mind:
By following these guidelines, you can ensure a smoother application process and increase your chances of approval.
This is not true. The Ford Business Credit Application is designed for various business sizes, including sole proprietorships and small businesses. Any business entity can apply, regardless of its size.
Many applicants believe that personal information is irrelevant. However, the application requires personal details from owners or guarantors to assess creditworthiness. This helps Ford Credit evaluate the financial stability of the business.
Some applicants think they must have prior experience with Ford Credit to qualify. In reality, new applicants can apply without any previous relationship with Ford. The application process is open to all qualified businesses.
While the application may seem lengthy, it is straightforward. The information requested is essential for processing credit requests efficiently. Completing the form accurately can expedite the approval process.
Submitting the application does not guarantee approval. Ford Credit reviews each application based on various factors, including credit history and financial stability. Applicants should be prepared for the possibility of additional documentation requests.
Ensure that all information provided on the Ford Business Credit Application is accurate and complete. Inaccuracies can delay the approval process.
Identify the legal structure of your business (e.g., Corporation, LLC, Partnership) clearly. This information affects how your application is processed.
Include your Tax ID number and any relevant state-issued organization numbers. These identifiers are essential for verification purposes.
Provide detailed information about your business, including the type of business, years in operation, and gross monthly income. This helps assess your creditworthiness.
List all owners and guarantors accurately. Each individual must provide their social security number and ownership percentage.
Be prepared to disclose your previous employment history if you have been in business for less than two years.
Include contact information for your mortgage holder or landlord, as this may be required for credit assessment.
Review the consent section carefully. By signing, you authorize Ford Credit to check your credit history and share information with relevant parties.
Complete the vehicle information section with accuracy. Include details like make, model, and VIN for each vehicle.
Understand the terms of your credit agreement, including payment structure and insurance requirements. This is crucial for compliance and financial planning.