Frequently Asked Questions

Trailer, boat, and RV financing can be a complicated matter. Here are some answers to our most frequently asked questions.

Frequently Asked Questions
What types of collateral do you finance?

We have the resources to finance several types of recreational equipment. This includes: travel trailers, boats, motorcycles, rv’s, campers, full-time rv’s, motorhomes, horse/livestock trailers, cargo trailers, and utility trailers.

In what circumstances will my loan application be automatically declined?

Here is a list of reasons why your loan application might be automatically declined:

  • Lower than a 570 score for either boat or RV
  • Enrolled in credit counseling
  • Cannot work with any Bankruptcy status other than discharged (cannot be in bankruptcy or have a bankruptcy dismissed)
  • Lower than a 570 credit score for cargo/utility
  • Cannot finance Tiny Homes of any sort, even RVIA certified units
  • Cannot finance park model trailer homes (live in trailers are welcomed)
  • Collateral cannot have a rebuilt or salvaged title

This list is subject to change based on available programs.

This list IS NOT a full list of reasons why your application might be declined. It is just a list of some of the reasons why your application might be automatically declined.

Is there a charge to the dealer for loan processing?

No fees are ever charged directly to the dealer. If there is a fee associated with the loan, it is always paid by the borrower and is fully disclosed at closing and in writing.

What requirements are there for the dealer with regard to titling of the trailer?

The title work is prepared exactly like a cash sale. The only difference is the MSO or title has the lien holder (bank) listed at the bottom and the title application (where applicable) also has the lien holder recorded on it. All lenders require photocopies of these documents for funding.

How does the funding process work?

Most of our Lenders fund from original copies of the contracts. After your documents are signed, you will need to keep a copy, send the customer home with a copy, and send the originals to our office. Your loan will be funded within 24-48 hours from the time the original paperwork is received in our office. The funding process cannot begin until the original, signed documents are received by RSF.

How does the contract generation process work?

Rock Solid Funding LLC’s knowledgeable staff handles the hard part. We will communicate with the customer directly to discuss approval information, including down payment, interest rate, term, and monthly payment. We handle the entire closing process of the loan. We prepare the required documents to finalize the loan and can either fax or email for signing. In some cases, we can deliver documents to the customer directly.

How does the approval process work?

Once an application is received, we will review the borrower’s information, pull his and/or her credit report, and then contact you to discuss the approval process and to verify that all information is correct.
Good credit borrowers can expect a pre-approval within 30 minutes, while sub-prime customers may take considerably longer, depending on the stipulations required.
Do note that two years prior established installment history and some debt to income requirements may be required to qualify for approval. A co-signer may also be required.

How do we apply for a loan through Rock Solid Funding LLC?

Dealers or borrowers can apply with Rock Solid Funding LLC in one of two ways:

What are Rock Solid Funding LLC’s interest rates and terms?

The rate and term for each loan will vary from borrower to borrower, so it is difficult to quote a standard rate. Rates can range anywhere from 7.99% to 19.95%. The terms, depending on credit history and loan amount, range from 36 months to 240 months.

Is there any recourse to the dealer with our lenders?

No, all of our lenders are non-recourse. Once you are paid by the lender they will not request repayment even if the customer does not pay any of the payments.

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Our friendly qualified team is looking forward to make your dream a reality!

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