Call Us & Get Prequalified For Your Loan

First Capital Business Finance

Commercial Title Loans

First Capital

Invest in Your Own Success

Nationwide Commercial Truck Title Loans!

Unlock the equity in your truck or trailer and get the working capital for your trucking business in as little as a three days. First Capital Business Finance can have you approved for title loan financing in as little as 2 hours and can get the funds wired into your account in as little as 3 days! Any commercial vehicle or trailer can be used as collateral for this program. Don’t worry if you have bad credit, we do not use credit scores to qualify you! Even if you have past due child support we have a way programs that will consider your application!  If you’re ready to get the process started, give us a call and one of our advisors can prequalify you within a few minutes.

Commercial Truck

What is a Commercial Title Loan?

A commercial title loan, also known as a vehicle title loan or an auto title loan, is a type of short-term, high-interest loan that is secured by the borrower’s vehicle title. In this arrangement, the borrower uses their vehicle as collateral to obtain a loan from a lender. The lender holds the title of the vehicle as security until the loan is repaid in full, including the principal amount borrowed plus interest and any associated fees.

Here’s how a typical commercial title loan works:

  1. Application: The borrower applies for a title loan by submitting their vehicle title, along with some basic personal and vehicle information, to the lender. The lender evaluates the vehicle’s value to determine the maximum loan amount they are willing to provide.

  2. Vehicle Inspection: In most cases, the lender will inspect the vehicle to assess its condition and value. The loan amount is often based on a percentage of the vehicle’s appraised value.

  3. Loan Approval: If the lender approves the loan application, the borrower agrees to the terms and conditions, including the interest rate, repayment schedule, and any associated fees.

  4. Title Transfer: The borrower hands over the vehicle’s title to the lender, who keeps it as collateral for the duration of the loan.

  5. Loan Disbursement: Once the loan agreement is finalized, the lender provides the borrower with the agreed-upon loan amount, typically in the form of a check or direct deposit.

  6. Repayment: The borrower is required to make regular payments to repay the loan, usually on a monthly basis. The repayment period is relatively short, often ranging from one month to a few months.

  7. Interest and Fees: Commercial title loans are known for their high interest rates and fees. The annual percentage rates (APRs) on these loans can be extremely high, making them a costly form of borrowing.

  8. Vehicle Possession: While the borrower repays the loan, the lender retains possession of the vehicle’s title. If the borrower fails to make payments as agreed upon, the lender may have the right to repossess and sell the vehicle to recover the outstanding amount.

  9. Loan Completion: Once the borrower repays the loan in full, including all principal, interest, and fees, the lender returns the vehicle’s title to the borrower.

Commercial title loans are often marketed as a way for individuals with poor credit histories to access quick cash. However, due to their high interest rates and the risk of losing their vehicles if they can’t repay the loan, borrowers should carefully consider their options and the potential consequences before entering into such an agreement. Additionally, regulations surrounding title loans vary by jurisdiction, so borrowers should be aware of the laws in their area before taking out such a loan.

First Capital

Our Services

Commercial & Semi Truck Financing

Read More >
Not Traditional Financing for Your Commercial Truck is Available
Learn More

Heavy Equipment Financing

Read More >
We Can Finance Your Construction Equipment With Bad Credit
Learn More

Business Loans

Read More >
We Offer 24 Hour Approval on Working Capital Loans
Learn More
Commercial Title finance

The Process:

Simply complete our one page application and provide copies of the title for the truck or trailer being used as collateral. You can download our application on our “Contact Us” page.  Fax the application and the title(s) to 888-762-0002 and you’ll receive a phone call once we have received your application.

Qualifying Trucks & Trailers:

  • Semi trucks
  • Dump trucks
  • Box Trucks
  • Log Trucks
  • Asphalt Trucks
  • Flatbed Trailers, Dolly Trailers, Double Drop Trailers
  • Car Carriers
  • End Dump Trailers
  • Grain Hopper Trailers
  • Belt Trailers, Moving Floor Trailers, Live Floor Trailers
  • Dry Van Trailers, Reefer Trailers

Almost any commercial vehicle or trailer that has a title can be eligible for a title loan. Even if you have heavy equipment we’ll consider using that as collateral in lieu of a titled vehicle. The fastest way is to give us a call and speak to one of our specialist at 888-565-6692.


What Our Customers Say

Same Day Loan Approval