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First Capital Business Finance

Commercial Truck Financing

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

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.


Client Testimonials

About Us
Bad credit heavy equipment financing

How Does Commercial Truck and  Semitruck Financing Work?

To operate a trucking business, you need at least one reliable vehicle and a driver who can drive it. Most trucking companies begin with one semitruck, 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. 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.

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. 

White Semi Truck

Who We Finance

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

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 & 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.
  • 2013 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.

More Client 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.

Misc 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.

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.

Same Day Loan Approval