First Capital Business Finance
Unlock the Power of Your Semi-Truck with First Capital’s Semi-Truck Title Loans
At First Capital, we understand the pivotal role your semi-truck plays in your business. Our Semi-Truck Title Loans provide a strategic financing solution, allowing you to leverage the equity in your valuable asset to meet your financial needs. Whether you’re looking to address unexpected expenses, invest in new opportunities, or optimize your cash flow, our title loans are designed to offer a quick and efficient funding option. Experience the freedom to access the capital you need while keeping your business on the road to success.
Key Features of First Capital’s Semi-Truck Title Loans:
Quick Access to Capital:
Leverage Your Truck’s Equity:
Flexible Repayment Options:
Continue Operating Your Truck:
No Hidden Fees:
Take the First Step to Financial Empowerment – Apply for a Semi-Truck Title Loan with First Capital Today! Seize the opportunity to maximize the value of your semi-truck and propel your business forward. Our title loans are crafted with your success in mind, offering a reliable and efficient financial solution. Apply now to experience the First Capital advantage in semi-truck title financing. Your journey to financial freedom starts here.
Obtaining a title loan on your semi truck is easier than you might think! If you are needing some extra working capital for unexpected expenses, you can use the equity in your semi truck to obtain some quick cash! Needing repairs or maintenance, that’s what this program is for! Expanding your fleet, you can use your vehicle as additional collateral to purchase another truck or trailer. These title loans are not just limited to semi trucks, you can use any type of commercial vehicle or trailer.
Semi-truck financing refers to the process of obtaining funding or a loan to purchase a semi-truck. This type of financing is commonly utilized by individuals or businesses in the transportation industry who need assistance in acquiring a semi-truck but may not have the necessary funds to make an upfront purchase.
There are several key aspects to consider in semi-truck financing:
Types of Financing:
Semi-truck financing provides an opportunity for individuals and businesses to acquire the necessary equipment for their transportation needs while managing cash flow effectively. It’s essential to carefully review financing terms, compare options, and choose an arrangement that aligns with the borrower’s financial goals and operational requirements.
Our approval process is simple and fast! Typically, you will have an answer within 24 hours or less. Once we have received the necessary paperwork, we will get your file to an underwriter who will reach a decision within 24 hours.
We have several programs for title loans, unfortunately it’s not as cut and dry when it comes to qualifying for this type of financing. There are many nuances when it comes to qualifying a client, and there are many compensating factors that will help with the approval process.
If you don’t see your type of equipment listed, that doesn’t mean it won’t qualify. We also offer working capital on manufacturing equipment, yellow iron/construction equipment, and industrial equipment. Call our office and speak to one of our advisors, they will be happy to help! 888-565-6692
Most think the proceeds from the title loan will have restrictions. Some lenders out there do have limitations on how the proceeds can be spent, ie. repairs, maintenance, etc. Most of our programs have no restrictions on what you use the funds for. This can be for fuel, insurance, bills, repairs, maintenance, IRP taxes, registration, or even a well deserved vacation! If your vehicle is in a shop for repairs, we will require a copy of the invoice and the proceeds must be used for those repairs. If there’s a surplus after the repair shop is made whole, the remaining amount will be sent to you to use at your discretion.
To each applicant depending on the program, you qualify for, these are some of the highlights that stand out with our title loans:
No minimum credit score required!
Reports to all 3 major credit bureaus as a commercial installment loan!
2000 or newer for Class 8 trucks (case by case on older units)!
If you are ready to get the process started, one of our advisors can do the application with you over the phone to save you time. It will only take 5 minutes to complete! 888-565-6692
To learn more about our other financing options, you can reach us any of our helpful advisors 888-565-6692
Same Day Loan Approval
Getting the loan you need is simple. Contact us & you can get prequalified for your loan on the same day!
What Our Customers Say
A semi-truck title loan is a type of secured financing where the owner of a semi-truck uses its title as collateral to secure a loan. In this arrangement, the borrower retains possession and use of the semi-truck while using its title as security for the loan. These loans are often considered a form of short-term financing, providing businesses or individuals with quick access to capital based on the equity in their semi-truck.
Key features of semi-truck title loans include:
Collateralized by Truck Title: The primary collateral for the loan is the title of the semi-truck, which is temporarily transferred to the lender for the duration of the loan.
Quick Access to Funds: Semi-truck title loans are known for their speedy approval processes, allowing borrowers to access funds quickly, often within a short timeframe.
Ownership Retained: While the title serves as collateral, the borrower typically retains ownership and possession of the semi-truck, enabling them to continue using it for their business operations.
Flexible Repayment Terms: Lenders may offer flexible repayment terms, allowing borrowers to tailor the payment schedule to their cash flow and financial needs.
Credit Considerations: Unlike traditional loans, title loans may have less stringent credit requirements since the loan is secured by the value of the semi-truck.
Usage of Funds: Borrowers can use the funds from the title loan for various purposes, such as covering operational expenses, addressing unforeseen costs, or seizing new business opportunities.
It’s important for borrowers to carefully review the terms and conditions of semi-truck title loans, including interest rates, repayment terms, and any associated fees. While these loans offer quick access to capital, they are secured by a valuable asset, and defaulting on payments could result in the loss of the semi-truck. Borrowers should consider their financial capabilities and the potential impact on their business before opting for a semi-truck title loan.
Same Day Loan Approval