Second Chances

316 lending believes in Second Chance financing for our customers. We specialize in helping people who have experienced some bad credit issues in the past.

Finance Amounts

Loan Amounts $10,000 to $99,000.

Only 10% Down

Only a 10% minimum down payment required.

Flexible Loan Terms

Loan terms up to 15 years depending on loan amount and credit score.

Low Simple Interest

Simple interest, fixed loans with no prepayment penalty.

New or Used

We finance units up to 20 years old. Most banks and credit unions only offer 10 years or less.

In order to qualify for our Challenged Credit Program:


  • Your Credit Score must be 550 or higher
  • 10% down payment is required on any size recreation unit
  • Your current debt to income ratio should not exceed 35%
  • All outstanding collections & charge-offs must not exceed $10k in balances
  • Bankruptcies must be discharged
  • No outstanding child support obligation

Please note: All lenders will require income verification in the form of recent paystub accompanied with previous year’s W-2. If you are self-employed, you must provide 2 years of Federal 1040 tax returns with all corresponding schedules (No State returns). Verification for retirement, pension, VA and Disability are required. Unemployment benefits will not be accepted as income.