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COMMERCIAL LINE OF CREDIT
Why use your existing bank lines to acquire vehicles? Consider our Commercial Line of Credit (CLOC).*
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.comor 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.