Loans on Trucks Video: Semi-Trailers, Big Rigs or Vehicles!

Get a loan on a Truck, now.   Do you own it outright ?   Then get money against your company vehicles, fast. Pick up trucks, Ford F-Series, Dually Dodge, Chevy, Box trucks, Semi-trucks, FreightLiner, Peterbilt, International, Dump Trucks, Delivery, and Vans. Low, and very low credit scores can work.   Use the Funds for any reason, including if you need to pay a repair shop if your Truck is down and you need a Truck Repair Loan.   To visit just the video page, visit Loan on a Truck Video

Watch: Trucks in action Video top of page!  Click or tap arrow to play. Apply: Commercial truck title loans below now, or call 919-771-4177. Transcript here

Get a loan on a Truck, now.   Do you own it outright ?   Then get money against the Truck, fast. Even more, very low credit scores will work.    Don’t have a Vehicle and you need other loans?  Go to our Homepage!

If your business has vehicles and needs capital, it can get a loan against tractor trailers, semi trucks, Vans, Dump Trucks or any business or commercial vehicle.   Even 1 semi trailer truck can be enough to get capital.   Loan amounts starting as low as 2,000 and up.   Have a trailer?  The add more funds with our loan on a trailer program.

Is your Truck or Rig down and in the shop for repair and the bill is more than you can pay?     Get money specifically for a repair through a truck repair loan on a Big Rig or Truck that you cannot drive and is being worked on right now.    This program will get your truck out of the shop and back on the road to let you make money again.

We have several premiere loan programs to get semi-trailer truck financing and credit scores can be lower under this program.  Credit scores below 500 considered.  The truck or semi-truck has to be free and clear collateral.

What if your Truck is too expensive to fix and you need a new Truck, like a Freightliner Cascadia or another Truck?   To get a loan to acquire trucks and trailers, try the hot shot truck loan program.

APPLY NOW

Call 919-771-4177 for more info.

Data Secure 15 Second Request Form Here.

How to get a loan on a semi truck trailer, big rig or business vehicle: How to steps, direction, and tips:

Step 1:  Preparation

Research companies that offer loans against semi trucks, big rigs, dump trucks, or 18 wheelers. Search for programs that best match your business need for the amount needed, the value of your semi rigs, and credit.

pictures of your truck.

Step 3:  Settle on the top 2 or 3 programs that best matches the value of the semi trucks you have and the amount you need.

Contact qualifying companies and ask about their approval requirements.

Tell the lender the basic information on the trucks and try to find out what your chances of approval are.    Also ask if you can be pre qualified.

Step 4: Submit an application

Apply with the program that can most likely get your business a loan against your semi trucks based on the conversations you had with the lender and review of their criteria.   Complete an application for funding and provide the supporting items such as copy of the title, pictures and odometer reading.

Step 5:  Review approval offers

After approval, review all closing terms and conditions. Make sure you can provide required closing items. Complete transaction and receive funding.

If you were declined, contact the lender and try to find out why.  Try to find out if you are able to do anything to get the decision reversed and get approved.  If you cannot get approved, then go back to the other lenders you looked at during your search.  Ask if the reason for your decline will be a decline reason for them.   If not, then consider applying with one of the other lenders.

If you have many vehicles as a used car dealer, consider options under our used car dealer loans.

FAQ on how to get a loan on a semi-trailer, truck or business vehicle

Can I get money against my semi-trailer?

Yes. Your paid off semi-trailer, tractor-trailer, big rig, 18 wheeler, dump truck or business vehicle can qualify. You have to prove ownership of the vehicle and have the title. It must be in your possession or in the shop. For smaller cars and trucks, the business name should be listed on the vehicle and used mostly for business.

How much can I get?

You can get about 40% to 50% of the retail value. This is close to the wholesale or auction value. You can also use the Truck as collateral to make it easier to get financing to buy another rig.

Can I get money against my broken down semi-trailer to pay for repairs?

You can get money against a semi-trailer, Truck or other vehicle types in the shop to pay for repairs for transmission, body work,  mechanical or other breakdowns. The shop will be paid directly to get your big rig back on the road asap. If the repair cost is less than the loan, then you will get the difference paid to you in cash.

Recent Customer requests

Recently, the owner of a single rig trucking company called and said his truck went down and was in the shop.  The customer needed $6,700 for repairs and his credit score was mid 500’s.   He wanted to get funds against his Semi-Truck.   The truck has a value of approximately $25,000.  He still owed about $16,000 on it and as a result, we referred him to another loan product because the semi-truck has to be free and clear.

A company should make up a list and provide it to the lender to get a loan against 18-wheelers.   Offering multiple trucks is also another way to get more money.   The trucks have to be free and clear.  The terms the customer can get are usually attractive because they are not short term and the collateral is valuable, so the lenders will give more attractive rates.  Customers can get a decision within one business day and close within a week.
Click on the contact link and get more information.

Loan amounts:

Loan amounts are based on roughly 2 to 1 collateral and also on the wholesale value.   Businesses with 2 semi-trucks worth $100,000 for example, will get an offer in the $40,000 to $50,000 range.

Online resources include an interest calculator.   Customers can type in the loan amount, the number of months and the monthly payment to find out the interest rate.

https://www.efunda.com/formulae/finance/loan_calculator.cfm

For example, on a loan for $100,000 for 60 months with a payment of $2,163, the interest rate calculates to 10.77% and a total repay of $129,780.

Additional collateral is not required.   A site inspection is normally completed before closing.

Tip: The trucks must be accessible and in working order.  A UCC filing is placed with the department of motor vehicles in the state the business resides in.

Thank your for visiting our loan against tractor trailer page.  The success of your business is our goal.

Apply now for a loan against your business vehicles

We are a leading funding source for all Small Businesses looking for the best alternatives to Banks.

Author Biography: Will Sanio, Owner of SCF Funding, dba bankstatementloan.com/, has a Bachelor of Science Degree in Business Administration with a concentration in Finance from the University of Tennessee, Knoxville.

Over 20 Years experience including 10 Years with Wells Fargo, formerly Wachovia Bank headquartered in Winston-Salem, North Carolina, and First Atlanta Bank in Atlanta, GA. Specializing in Traditional and Alternative lending.

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