Funding Provided
Your Approved Credit Limit
This is the maximum amount of funding CloudTrucks may provide.
Annual Percentage Rate (APR)
0%
APR is the cost of your financing expressed as a yearly rate. APR includes the amount and timing of the funding you receive, fees you pay, and the payments you make.
APR is not an interest rate. The cost of this financing is based upon fees charged rather than interest that accrues over time.
Estimated Finance Charge
0%
This is the dollar cost of our financing based upon the assumptions described at the top of this disclosure.
Estimated Total Payments
Your Approved Credit Limit
This is the total dollar amount of payments you will make during the term of the contract based upon the assumptions described at the top of this disclosure.
Average Monthly Cost
Calculated based on your Approved Credit Limit
Although this financing does not have monthly payments, this is our calculation of your average monthly cost for comparison purposes.
Estimated Payment
Weekly payments calculated based on your Approved Credit Limit
Statement periods are weekly from Monday-Sunday Payment is due Wednesday following the end of the Statement Period.
Draw Period
Continuous, until the account is closed and the balance is settled.
You can draw funds as long as you contract with CloudTrucks.
Term
Open-ended
Term is the contracted length of time necessary for the recipient to fulfill its obligation under this financing agreement.
Prepayment
Pre-payment can be done before the Statement Due Date for no additional fee.
If you pay off the financing early, you will not pay additional fees not already included in the finance charge
