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First Capital Business Finance

Commercial & Semi Truck Financing

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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.

 

Need Semi Truck Financing Without a CDL? Click Here!

Client Testimonials

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***
 
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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

First Capital Business Finance

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

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

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Title Loans For Semi Trucks and All Commercial Trucks

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

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

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

*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

Testimonials 

What Our Customers Say

"First Capital Finance has been amazing! From start to finish, always keeping in contact, never leaving us wondering what’s going on. We were funded within a week for our new equipment. When you run your own business, you can’t afford down time. Vivian, eliminated our down time! We definitely look forward to using there services again. Thank you Vivian."
Luke & Sarah WeverWever’s Tree Service, LLC
"Dear Dustin, I want to take a moment to thank you and your staff. When other small business lenders say no, First Capital Financing says YES. You and your coworkers do what it takes to help small businesses."
Jeremiah JLandscaping Co.
"I almost gave up until I talked to First Capital! It was great! He worked to help me out.  As a matter of fact, I just about gave up until I talked to Dave on the phone."
R. McKelvey
"Absolutely Unbelievable! Testimonial from another of our fantastic clients who purchased a truck with our financing! David was absolutely unbelievable, he was right on with everything and on time with everything and got everything I needed and how I needed it.”
J. Michaels
"Always available, extremely responsive. He’s phenomenal…he’s always available, extremely responsive, I love him to death I’ll be using him going forward."
B. Tyson
"They kept me in the loop the whole time. Dave was very patient with me.  He provided me with anything I need, any time I needed to talk to Dave I could get in contact with him either through email or phone call, he was very easy to get in contact with.  He stayed in contact with me and kept me in the loop of the process the whole time.  I had a very comfortable experience…"
M. Williams
"Working with Anthony was just the best…that guy is just great, he has a lot of optional things that can help out people looking for funds. He really helped out."
E. Rokotovao
"Went through Dave 3 times already, I did a capital loan the first time, then got our truck refinanced, and another capital loan. Every time I’ve dealt with him he’s been very professional and super fast."
K. Morgan
"I can’t say enough good things about our experience with First Capital Business Finance. Dustin was incredibly helpful every step of the way and always available to answer our questions. We had a tricky approval and a few bumps in the road, and he went above and beyond to help us get our truck and trailer financing. I highly recommend Capital Business Finance."
Amanda M.
"Dave Daniels is detailed oriented and a super-fantastic communicator. Customers appreciate his professionalism and ability to explain complex opportunities in layman terms. When given the opportunity he becomes an extension of your business opposed to a vendor. It is unfortunate I can’t work on all my loan opportunities with him"
Maurice Settles
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Financing 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.

  • *Please note, programs & guidelines are always subject to change. Please call and ask to speak to one of our advisors to be prequalified.
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First Capital Business Finance is committed to helping you meet your cash flow needs to grow your business. We serve small and middle market businesses and large corporations with range of loan and financing options

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