Reviews from commercial vehicle small business owners.
Business owners love that Lendio helps them get funding without the headaches.
Financing for commercial vehicles, fast.
Apply for financing today to build your business, upgrade your equipment, or fund your next project.
Applying is free and won't impact your credit*
Proven commercial vehicle lending expertise.
Get the answers and the funding you need with support all along the way.
$203 million
in small business funding facilitated in the last decade.
4.8 stars
21,000 Trustpilot® reviews.
50% repeat customers.
75+ lenders
providing broad coverage for small business lending.
*Qualification criteria, rates, and other funding terms will vary depending on the type and location of your business, and upon other factors. This is not a guarantee of funding, and it should not be relied upon as an accurate assessment of the availability or terms of the represented funding products.
How much can I qualify for?
Not sure what you need or what funding options are best for you? Use our simple calculator to get a rough idea of your options with no commitment, and apply when you’re ready.
Lendio knows the commercial vehicle business.
A business auto loan is a specialized financing option tailored for acquiring smaller commercial vehicles like light trucks, vans, or cars. This type of loan allows you to repay the borrowed amount, along with interest, over a predetermined term. It provides a convenient and efficient means of securing the funds necessary to invest in the vehicles your business needs.
Bridge capital between contracts
Purchase supplies and equipment
Refinance existing debt
Pay your drivers
Invest in marketing
What type of commercial real estate funding is best for your business?
These are the most popular types of funding that other commercial vehicle-based businesses qualify for through Lendio.
Business Line of Credit
Access available funds whenever you need them, and only pay interest on what you draw.
Accounts Receivable Financing
Convert unpaid invoices into immediate cash flow by selling your accounts receivable to a third party.
Business Credit Card
Cover everyday expenses with revolving credit and earn rewards for your spending.
What types of business loans are available to commercial vehicle businesses?
Equipment financing
Equipment financing is a unique type of financing used specifically to buy equipment including many types of commercial vehicles. Pay the funds back in regular payments over a set term plus interest.
Term Length
1-5 years
Max Loan Amount
$5 million
Equipment leasing
Use essential commercial vehicles for a specific period while building credit. Make a monthly payment that includes interest, with the option to purchase the vehicle when the term is up.
Term Length
1-5 years
Max Loan Amount
$5 million
Debt financing
Term loans and SBA loans can both be used for a variety of business expenses including purchasing commercial vehicles. Borrowers receive the money in one lump sum and make regular, monthly payments until the loans are paid off.
Term Length
5-30 years
Max Loan Amount
$5 million
Line of credit
A business line of credit is like a credit card, but it comes with a higher credit limit. It can be used for both immediate and future working capital needs. If you’re expanding your commercial vehicle fleet, a business line of credit is a great no-money-down option.
Term Length
1-2 years
Max Loan Amount
Up to $500,000
FAQs
Find answers to some commonly asked questions in the commercial vehicle industry.
What is financing for commercial vehicles?
Financing for commercial vehicles is when the borrower uses a loan product to complete the purchase of a commercial vehicle. Equipment financing is a common way to secure funding for a commercial vehicle.
What are the requirements to get financing for commercial vehicles?
Requirements for equipment financing vary by lender. Minimum credit score requirements start at 500, but you will qualify with more lenders if your score is 600 or above. Some equipment lenders will work with startups, while others require at least one year in business. Some will also look for a minimum monthly revenue.
What can I use commercial vehicle financing for?
Commercial vehicle financing can be used to purchase a new commercial vehicle, repair an existing one, or to purchase additional materials needed to run your commercial vehicle company. Equipment financing can be used only to purchase the approved equipment.
Can I use a personal auto loan to buy a company vehicle?
While it’s possible to use a personal auto loan to purchase a company vehicle, it’s generally not the best practice. Personal auto loans are designed for personal vehicles, and using them for business purposes can lead to complications, especially when it comes to taxes and insurance. Commercial vehicles often require different insurance coverages, and the interest on a business auto loan can be tax-deductible. It’s recommended to use a business auto loan for purchasing company vehicles, as these loans are specifically designed to cater to the needs of businesses.
What are the benefits of an online loan marketplace?
An online lending marketplace offers a quick application and faster disbursements than traditional business loans offered by brick-and-mortar banks. If time is of the essence, an online business loan may get you on the road in the shortest amount of time.
What is an SBA loan?
An SBA loan is a loan that is insured by the U.S. government through the small business administration. Because of this, SBA loans typically come with lower interest rates and higher loan amounts than other types of business loans. However, they are harder to qualify for and can take longer to process.
What are the different types of SBA loans?
There are three types of SBA loans: microloans, 7(a) loans, and 504 loans. Microloans are good for small capital needs between $500 and $50,000. 7(a) are great for larger working capital needs and come with loan terms up to 25 years for real estate and 10 years for equipment and capital needs. 504 loans are best for large asset purchases up to $5 million. If you need to purchase a high-end commercial vehicle or a fleet of cars, the 504 SBA loan may be your best option.
Ready for funding?
See what you can qualify for on the Lendio Marketplace.