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First Capital Business Finance

Commercial Truck Financing 2024

Commercial Truck Financing Can Be Fast and Simple With the Right Provider.

At First Capital Business Finance, we understand the importance of reliable transportation for businesses in the fast-paced world of logistics. Our Commercial Truck Financing Overview is designed to provide you with comprehensive insights into the financing options available, empowering you to make informed decisions for your business.

Key Features:

  • Explore Various Financing Options: Learn about loans, leases, and lines of credit tailored to your specific needs.
  • Eligibility Criteria: Find out the requirements for qualifying and how you can get started on the application process.
  • Flexible Terms: Discover financing solutions with terms that work for your business, including customized repayment schedules.
  • Competitive Interest Rates: Navigate the landscape of interest rates to secure a financing arrangement that suits your budget.


Ready to take the next step in growing your fleet?

Dive into our Commercial Truck Financing Overview and unlock the possibilities for your business success.

Trucking is a vital industry that continues to increase in importance in our modern world. If you’re thinking about starting your own trucking business, you may need cash to begin the process. Commercial truck financing is an ideal solution in this situation, and our team at First Capital Business Finance offers this type of financing to clients.

Truck Capital: Good for Bad Credit 

Truck Capital extends commercial truck financing to borrowers with both good and bad credit. Eligible borrowers can utilize Truck Capital loans to acquire new or used semi trucks of any make or model.


  • Options for startup funding
  • Flexibility for financing high-mileage trucks

Commercial Fleet Financing: Good for Fast Approval 

Commercial Fleet Financing provides equipment financing for various vehicles, including semi trucks, trailers, box trucks, and construction vehicles. Although interest rates are not disclosed online, repayment terms span between 36 and 108 months (three to nine years). Depending on your business tenure, you may not need to sign a personal guarantee for a truck loan from Commercial Fleet Financing. Additionally, loans below $150,000 typically do not require tax returns with the application.


  • Credit approval as soon as two hours after application
  • Funding available in as little as 24 hours
  • Some loans entail no personal guarantee


First Capital evaluates your funding application based on your company’s monthly revenue, duration of operation, and the equipment you intend to purchase or lease.

Condition of the Truck: We scrutinize various aspects of the truck, including make, model, VIN number, engine type, transmission, average fuel mileage, accident history, mileage, photographs, and current valuations.

Truck Vendor: We continuously expand our list of approved truck vendors, prioritizing reputable dealers over private sellers. Private party sales from established trucking fleet companies with documented service and maintenance records are also considered.

Credit Scores: Both your trade business credit score and personal credit history undergo assessment. We offer programs catering to borrowers across the credit spectrum, including those with poor credit. However, demonstrating consistent monthly revenue and sustained sales over the past six months is crucial.

Proof of Down Payment: We require confirmation of adequate cash reserves for the down payment and other associated expenses. A down payment of 10% to 30% is typically advised based on factors like the truck’s cost, credit profile, and business tenure.

Time in Business: For businesses under two years, detailed financial records are essential to showcase profitability and reserve funds for future expenses. Established trucking companies with over two years of historical data are more likely to receive approval but must still demonstrate profitability and financial stability.

Truck Insurance: Proof of insurance covering property damage and liability for at least $1 million is mandatory.

Other Documents: Typical documentation includes proof of business, tax returns, profit and loss statements, balance sheets, bank statements, permits, and insurance records.

Client Testimonials

About Us
Bad credit heavy equipment financing

How Does Commercial Truck and  Semi-truck Financing Work?

To operate a semi-trucking business, you need at least one reliable vehicle and a driver who can drive it. Most trucking companies begin with one semi-truck, which can carry a significant load to get the business started and earn a profit. If you have more than one driver available, you might choose to invest in multiple semi trucks to meet demand.

Semi-truck financing works by providing individuals or businesses the capital needed to purchase a semi-truck. This type of financing is essential for those who cannot afford to pay for the entire cost of a semi-truck upfront. There are several key components to understand:

  1. Loan Types:

    • Commercial Loans: Traditional loans where you borrow a specific amount and repay it over a set period, typically with interest.
    • Leasing: Instead of owning the truck, you make regular payments to use it. At the end of the lease, you may have the option to buy the truck or upgrade to a newer model.
  1. Down Payment: Depending on your credit and the lender’s requirements, a down payment may be necessary. It is a percentage of the truck’s purchase price that you pay upfront.

  2. Credit Approval: Lenders will assess your creditworthiness, considering factors such as credit score, business financials, and your experience in the trucking industry.

  3. Interest Rates: The interest rate on the loan or lease will vary based on factors like credit history, the amount financed, and the repayment term.

  4. Repayment Terms: Loans typically have fixed monthly payments over a set period. Leases may have lower monthly payments, but you may not own the truck at the end of the term.

  5. Collateral: The semi-truck serves as collateral for the financing. If you default on payments, the lender may repossess the truck to recover their investment.

  6. Insurance Requirements: Lenders usually require comprehensive insurance coverage for the financed semi-truck to protect their investment.

Investing in a  Commercial Trucking Business

One of the most significant investments made into a trucking business is the cost of a usable vehicle. A semitruck can cost anywhere from $40,000 to a quarter of a million dollars. But a truck is necessary when providing valuable transportation services that people rely on every day. Our financial team can quickly determine what you can qualify for and pre approve you for commercial truck financing

We specialize in commercial vehicle financing and have a wide variety of programs. These offerings include good and bad credit, startup companies, and already established businesses. Even if you have had a recent bankruptcy or late payments on your account, you may still qualify for financing. If your bank can’t get you approved for financing, give us a call. One of our financial advisers will be able to assist you. 

Commercial truck financing provides you with cash that you can use to buy one or more new or used semi trucks. This type of loan is referred to as a secured loan because it uses the vehicle purchased as collateral. A secured loan can typically qualify for a lower interest rate than an unsecured one, and commercial truck financing often doesn’t have stringent personal credit requirements. Those with good credit, bad credit, and even no credit may qualify for this type of loan.

It’s essential to thoroughly research and compare financing options, considering your business needs, financial situation, and long-term goals. Consulting with financial experts and experienced lenders can help you navigate the complexities of semi-truck financing and find a solution that aligns with your objectives.

White Semi Truck

Who We Finance

  • Owner Operators
  • Start-Ups
  • Existing Transportation Companies
  • Private Party & Vendor/Dealer Sales
  • Fleet Owners
  • All industries

Commercial Trucks and Equipment We Finance

Bad Credit or Can’t Provide Financials? Not a Problem!

If you’ve experienced a recent bankruptcy, slow payments, previous repossessions, and low credit score, look no further than First Capital. We don’t require financials or tax returns, and we offer no-money-down programs. You also don’t have to worry about CDL programs.

Commercial and Semi-Truck Financing Programs

Bad Credit Truck Financing

Bad Credit & Average Credit Programs
(Start-Ups & Existing Businesses)

Lowest Down Payment Option:

  • Two months payments due at closing – 10k to 50k
  • 540 Credit
  • Start-Ups Ok
  • Must provide 2 years personal/business tax returns
  • No Age Limit
  • Max 750k miles
  • Sleepers & Day Cabs

Lowest Down Payment Option:

  • One to two months payments due at closing, $10K to $100K.
  • 600 Credit w/ good payment history
  • Startups are OK with limitations on finance amount.
  • No age and mileage restrictions.
  • Short-haul only (long Haul: fleet reqs.)

Lowest Down Payment Option:

  • One to two months payments due at closing, $10K to $100K. 
  • 620 credit w/ good payment history.
  • Two years in the business.
  • Needs a fleet of two.
  • No age and mileage restrictions.
  • OTR is OK

Moderate Down Payment Option:

  • 25% – 50% down payment , $10K to $55K.
  • Day cabs or sleepers.
  • 2015 or newer.
  • Under  650k miles.
  • No private party sellers.

Large Down Payment Option:

  • 50% down, $10K to $50K K.
  • No minimum credit score.
  • Any age or mileage.
  • Previous Bankruptcy is OK.
 *** All programs and guidelines are subject to change.  For more accurate qualifications,  please call 888-565-6692 and speak to one of our advisors***
Online Card Payment

Good Credit & Average Credit Programs (Start-Ups & Existing Businesses)

Lowest Down Payment Option:

  • One to two months payments due at closing, up to $50K.
  • 620 credit w/ good payment history.
  • Day cabs or sleepers.
  • Single state plates (larger finance amounts available with a longer time in business).


Moderate Down Payment Option:

  • One to two months payments due at closing, up to $50K.
  • 620 credit w/ good payment history.
  • Day cabs or sleepers.
  • OTR OK.
  • Two years in business and must have a fleet of at least two trucks.
  • Larger finance amounts are available with longer time in business.


Moderate Down Payment Option:

  • Zero to 10% down payment due at closing, up to $75K.
  • 670 credit.
  • Three years in the business.
  • Must be a homeowner.


Moderate Down Payment Option:

  • 2.5% to 10% down payment due at closing, up to $150K.
  • 650 credit.
  • Startups have different guidelines.

Semi Truck Operator Testimonials

Bad Credit Heavy Equipment Financing
First Capital Business Finance

Same Day Loan Approval

Getting the loan you need is simple. Contact us & you can get prequalified for your loan on the same day!

Step 1

Reach out to us via phone or the contact form on this website.

Step 2

We'll contact you to get the information we need to process your loan.

Step 3

You'll receive a decision on your loan shortly (typically the same day).

Title Loans For Semi Trucks and All Commercial Trucks

For more information about our title loans on commercial trucks & trailers

To learn more about the benefits of financing your next semi-truck purchase.

Or, to learn about what to look for in commercial truck financing companies 

*Please note, programs & guidelines are always subject to change. Please call and ask to speak to one of our advisors to be prequalified.

Waste Management Equipment
  • Vertical Cardboard Baler
  • Vertical Compactors
  • Container Delivery Trailers
  • Heavy Duty Roll-Off “Dead PUP” Trailers
  • Light & Medium Duty Roll-Off Trailers
  • Commercial Trash Compactors
  • Self-Contained Compactors
Waste Containers/Trash Cans


What Our Customers Say

Financing Commerical Truck Benefits

Commercial truck financing offers several benefits to businesses in the transportation and logistics industry. Here are some advantages of opting for commercial truck financing:

  1. Preservation of Capital: Financing allows you to acquire essential commercial trucks without depleting your working capital. This capital can then be allocated to other critical aspects of your business, such as operations, maintenance, and growth initiatives.

  2. Flexible Payment Options: Commercial truck financing offers flexible payment terms, enabling you to choose a repayment plan that aligns with your revenue streams. This flexibility helps in managing cash flow and avoiding financial strain.

  3. Access to Newer Equipment: Financing allows you to access state-of-the-art, modern commercial trucks that are equipped with the latest technology, safety features, and fuel efficiency improvements. This can improve your business’s efficiency and competitiveness.

  4. Tax Benefits: Depending on your jurisdiction and the financing structure, you may be eligible for tax benefits. These could include deductions for interest and depreciation, potentially reducing your tax liability.

  5. Fixed Interest Rates: Fixed interest rates in financing agreements provide predictability in monthly payments. This allows you to budget more effectively and avoid fluctuations in interest rates.

  6. Ownership and Equity: Financing a commercial truck allows you to eventually own the asset. As you make payments, you build equity in the vehicle, which can be valuable when considering future equipment upgrades or resale.

  7. Build Credit History: Successfully managing a commercial truck financing agreement can help you establish or improve your business’s credit history, potentially leading to better terms and rates in the future.

  8. Diverse Financing Options: Various financing options are available, including traditional loans, leases, and specialized programs designed for the trucking industry. This allows you to select the option that best suits your business needs.

  9. Maintain Working Capital: Financing allows you to retain cash for unforeseen expenses, emergencies, or opportunities that may arise in your business operations.

  10. Customization: With financing, you can choose the make, model, and specifications of the commercial trucks that best suit your business requirements, ensuring optimal functionality for your operations.

  11. Reduced Upfront Costs: Commercial truck financing often requires a lower upfront payment compared to purchasing vehicles outright, making it a more accessible option for businesses.

  12. Industry Expertise: Many commercial truck financing providers have industry expertise and can offer valuable insights and recommendations based on your specific needs and challenges.

Commercial truck financing empowers businesses to acquire the equipment they need to operate efficiently and profitably, without the burdens of substantial upfront costs. It’s important to carefully evaluate your options, understand the terms of the financing agreement, and work with reputable financing partners to make the most informed decision for your business.

Owner Operators – We Want to Hear Your Story

If you’re a truck driver concerned about securing the necessary truck financing due to bad credit, First Capital can alleviate your worries and secure approval for a truck loan today!

For over a decade, First Capital has been attentive to the owner-operator’s narrative, consistently saying yes when others said no.

Regardless of your credit history, First Capital Listens To Your Story and diligently strives to swiftly and easily secure financing for the truck you require. Challenged Credit, Bankruptcy, Start-Ups? We approve them all daily!

For straightforward truck financing, whether your credit is great or less than ideal, First Capital has been offering truck financing solutions for owner-operators for over a decade. 

Simple Semi Truck Financing. Curious about how effortless truck financing can be?

Give us a call or complete our straightforward online application today.

Financing in Dallas, TX 6

Title Loans For Semi Trucks and All Commercial Trucks

These are just to name a few. If you don’t see your type of equipment listed, simply give our office a call. We offer financing on just about any type of equipment if it’s related to your business.

Starting Your Journey with Semi-Truck Financing: A Guide

When you’re stepping into the world of purchasing a semi-truck for the first time, you’ll be facing a series of critical decisions. Questions will arise: Which commercial truck suits your needs? Should you opt for a new or used one? What specifications are essential for your rig? Are you in the market for a single truck or an entire fleet? And where should you make this significant purchase?

Yet another crucial question lingers: How will you fund this endeavor?

Even if you’re considering a used tractor-trailer, the cost is likely more substantial than your immediate funds can cover. Thus, contemplating the prerequisites for securing financing for a semi-truck becomes necessary.

Securing financing for a commercial truck shares some commonalities with other loan processes, with a good credit score being advantageous. However, several key distinctions demand your attention when you embark on the journey of selecting the right lender and completing your loan application.

Interest Rates & Down Payments for Commercial Truck Loans: One of the primary misconceptions made by first-time semi-truck buyers: assuming that the loan process mirrors that of obtaining a mortgage or personal auto loan.

Primarily, it’s crucial to remember that you’re not procuring an 18-wheeler for personal transportation but rather to sustain and grow your business. Consequently, lenders tend to impose more stringent criteria when qualifying applicants for commercial vehicle loans.

  • A substantial down payment, often around 20% upfront, is expected.
  • Interest rates tend to be higher, typically ranging between 6% and 10%.

Your objective is to minimize the lender’s perceived risk as much as possible. Demonstrating driving experience, an established revenue stream, alongside a good credit score, strengthens your case. In cases of low credit scores, a co-signer may be required. Diversifying your credit profile with various types of credit, such as installment credit, and maintaining a credit history spanning seven to ten years are also ideal. Note that establishing an LLC or corporation at least 2-3 years before applying can significantly enhance your loan approval chances.

Experience Matters – for You and Your Seller: Experience plays a pivotal role in financing your truck purchase. We advise aspiring truck owners to accumulate at least three years of total driving experience, with a minimum of two years as an owner/operator. Experienced drivers are favored by lenders, as it signifies immediate profit-generating potential for your truck. Additionally, purchasing your truck from a reputable and well-established seller, such as First Capital, can enhance your financing prospects.

Semi-Truck Leasing vs. Purchasing: For those lacking experience or substantial capital, securing financing for a semi-truck can be challenging. Commercial truck leasing can be an appealing alternative. For instance, Success Leasing offers semi-truck leasing arrangements under the authority of Prime, Inc., enabling you to start earning by agreeing to weekly lease payments. If you opt for leasing, prioritize trucks in good condition, less than 10 years old, and with fewer than 700,000 miles.

Gather Your Documentation: Having your documents in order demonstrates your readiness for a significant purchase. Be prepared with:

  • Current business documents, including LLC or corporate registration, required licenses, and up to 12 months of bank statements, profit and loss statements, and balance sheets.
  • Driver credentials, such as your CDL, US Department of Transportation number, and Motor Carrier Number.
  • At least one year’s worth of tax returns, providing crucial financial data to your lender.
  • Proof of insurance, a prerequisite for financing.

Select a Quality Semi-Truck: Remember, your truck serves as collateral for the loan. Your lender will assess its condition and quality when determining your financing approval. Prioritize trucks less than a decade old, with fewer than 700,000 miles, as older trucks tend to experience more breakdowns and incur higher ownership costs.

Prequalify to Expedite the Process: Consider applying for pre-approval to expedite the financing process. At Pedigree, this is a straightforward online procedure, streamlining your financing journey.

We can also finance an array of semi-trailers, including flatbeds, reefers, and tankers. Ask about our Truck Trader Programs!

FAQ Section: Commercial Truck Financing

  1. Q: What types of commercial truck financing options are available?

    • A: We offer a range of options, including loans, leases, and lines of credit. Each has its own advantages, and we can help you choose the one that best suits your business needs.
  2. Q: What are the eligibility criteria for commercial truck financing?

    • A: Eligibility varies, but generally includes factors such as credit score, business financials, and industry experience. Contact our team for personalized guidance on your eligibility.
  3. Q: How does the application process work?

    • A: The application process is straightforward. Simply submit the required documentation, and our team will guide you through the steps. Quick approvals and efficient processing are our priorities.
  4. Q: What interest rates can I expect for commercial truck financing?

    • A: Interest rates depend on various factors, including creditworthiness and market conditions. We strive to offer competitive rates and will work with you to secure a favorable financing arrangement.
  5. Q: Are there down payments required for commercial truck financing?

    • A: Down payments may be required, but the amount varies. Our team will discuss your options and help you find a solution that aligns with your financial goals.
  6. Q: Can I finance used commercial trucks, or is it limited to new vehicles?

    • A: Yes, we offer financing for both new and used commercial trucks. Discuss your specific requirements with our team, and we’ll tailor a solution to meet your needs.
  7. Q: How does my credit score impact commercial truck financing?

    • A: Credit scores play a role in determining eligibility and interest rates. Even if you have a lower credit score, we may still have options available. Our team is here to help you navigate this aspect of the financing process.
  8. Q: Are there government programs or incentives for commercial truck financing?

    • A: There may be government programs or incentives available. We stay updated on such opportunities and can provide information on any relevant programs that could benefit your business.


Resources for Additional Information and Support:

  • Contact our Customer Support Team: Reach out to our dedicated team for personalized assistance and answers to specific questions.
  • Financing Guides: Explore our in-depth guides and resources to gain a better understanding of commercial truck financing.
  • Industry Experts: Connect with our experienced financing experts who can provide insights tailored to your business needs.
  • Blog and Updates: Stay informed about the latest industry trends, news, and financing tips through our regularly updated blog and news section.


For more information and personalized assistance, contact our team today. We’re here to support you on your journey to securing the right financing for your commercial trucks.

Tailored Financing Solutions

At First Capital, specializing in used semi-truck financing is our forte. We recognize the distinct requirements of drivers and owner-operators, thus crafting financing packages and payment schedules tailored to your specific needs and financial constraints. Our objective is to facilitate your acquisition of the semi-truck you require, ensuring that the investment aligns with your business objectives. Each of our locations features an onsite financial and insurance manager dedicated to assisting you in constructing a personalized financing package, ensuring that you depart with a payment plan suited to your circumstances.

Questions or apprehensions? Don’t hesitate to reach out to our team to learn more about the financing process at First Capital. Ready to embark on financing your next semi-truck? Complete our brief form to gain insight into your potential to finance a semi-truck or trailer through First Capital Business Finance.

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