Truck Financing
Put Your Next Truck to Work. Keep Your Business Moving.
Explore financing for new or used commercial trucks, trailers, and the operating cash your trucking business needs between payments.
For active businesses with verifiable revenue. Financing amount, timing, and terms depend on your qualifications and the selected program.
One Truck. Or Your Next Fleet.
Evaluate a new or used commercial vehicle.
Match expansion to contracts and demand.
Plan for fuel, payroll, and repairs.
Finance the Next Move
Choose funding around the expense you need to cover. A vehicle purchase and recurring operating costs call for different financing structures.
Trucks & Trailers
Purchase eligible new or used semi-trucks, box trucks, vocational trucks, or trailers.
Have the seller’s quote, vehicle details, and purchase price ready.
Repairs & Maintenance
Address an engine repair, replace tires, or complete maintenance that helps return equipment to service.
Document the repair estimate and expected downtime.
Operating Capital
Cover fuel, insurance, payroll, or other business expenses while customer payments are pending.
Match repayment obligations to realistic cash flow.
Choose the Right Financing Structure
Equipment Financing
Explore a loan or lease for an eligible truck or trailer. The financed equipment may secure the transaction.
- Designed around the asset purchase.
- Vehicle age, mileage, and condition matter.
- Down payment and ownership terms vary.
Business Loans
Explore funding for a defined business expense or a planned investment beyond the vehicle itself.
- Repayment structure varies by program.
- Revenue and existing debt affect eligibility.
- Review total repayment and fees.
Business Line of Credit
Explore access to an approved credit limit for recurring cash needs, subject to availability and qualification.
- Draw funds under the facility’s terms.
- Useful for uneven expense timing.
- Check draw fees and renewal conditions.
Know What Lenders Review
Start with these business details. They help GoKapital assess possible options; they do not guarantee approval or represent the requirements of every equipment lender.
Active Operations
Business history for initial screening.
Verifiable Deposits
Recent business income and available cash flow.
Overall Profile
Personal and business credit requirements vary by program.
Asset Details
Purchase price, age, mileage, condition, and seller information.
Also reviewed: existing financing, business bank activity, requested amount, and capacity to repay. Equipment programs may require a down payment, collateral, insurance, or a personal guarantee.
Review Qualification Criteria →Have Your Documents Ready
A complete request helps reduce back-and-forth. Submit information through the application’s secure document process.
The lender may request additional records based on your business and financing type.
Your Application Checklist
- Four recent business bank statements for initial review.
- Business and owner identification details.
- Requested amount and a clear use of funds.
- Current business debt and repayment obligations.
- For a vehicle purchase: seller quote, year, make, model, VIN, and mileage.
- Tax returns, financial statements, or insurance information if requested.
A Clear Path to Truck Financing
Tell us what you need to finance, provide the supporting information, and review any available offers before committing.
Submit Your Request
Share your business profile, requested amount, and vehicle or working capital needs.
Review Available Options
GoKapital reviews your information to assess potential programs. Compare terms and provide any additional lender documents.
Complete the Closing
If approved, review and sign the agreement. Funds are disbursed under the lender’s instructions, which may include payment to the seller.
Approval and funding timing depend on the program, document completeness, and any vehicle or insurance requirements.
Look Beyond the Payment
For a Truck Purchase
- Compare down payment, fees, and total repayment.
- Confirm when you own the truck and whether a lien applies.
- For a lease, check the end-of-term purchase option.
- Include insurance, maintenance, and downtime in your budget.
For Operating Capital
- Check payment frequency and the total cost of funding.
- Model a slower collection month before accepting.
- Understand any guarantee or lien requirements.
- Review early payoff terms and any applicable savings.
Truck Financing FAQs
Can I Finance a Used Commercial Truck?
Used trucks may be eligible. The lender will evaluate factors such as age, mileage, condition, value, and seller information. Share the vehicle details before assuming it qualifies.
Can Owner-Operators Apply?
Owner-operators with active businesses and verifiable revenue can request a review. Available options depend on business history, credit, cash flow, and the requested asset or use of funds.
Do I Need a Down Payment?
A down payment may be required for a vehicle loan or lease. The amount depends on the equipment and your application. Confirm the upfront cash requirement in the specific offer.
Can I Get Funding With Challenged Credit?
Some programs may consider applicants with challenged credit, but eligibility is lender-specific. Revenue, existing debt, business history, and the vehicle can also affect the decision and terms.
Can I Use Truck Financing for Fuel and Payroll?
Equipment financing generally supports the approved asset transaction. For fuel, payroll, and other operating expenses, explore a business loan or line of credit with an appropriate permitted use of funds.
How Quickly Can Financing Be Completed?
Timing varies by program and document requirements. Vehicle review, insurance, title, and seller coordination can affect an equipment transaction. Ask for an estimated timeline after your request is reviewed.
Keep Your Business Moving Forward
Tell us what you need to finance. We’ll help you explore options based on your trucking business, cash flow, and equipment needs.
Monday–Friday, 9 AM–6 PM ET.
Financing is subject to lender approval. Amounts, rates, fees, repayment schedules, collateral, and guarantees vary by program and qualifications. Submitting a request does not guarantee an offer or funding.