Hear from our customers.
Business owners love that Lendio helps them get funding without the headaches.
Dump Truck Financing, 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 dump truck lending expertise.
Get the answers and the funding you need with support all along the way.
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*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 dump truck business.
Dump truck financing can be pivotal when creating or expanding a dump truck business. With equipment financing, you can upgrade to a newer model or expand your fleet. Lendio can match you with the perfect financing for your company’s needs.
Bridge capital between contracts
Purchase or repair vehicles 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 dump truck-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.
FAQs
Find answers to some commonly asked questions in the dump truck industry.
What is dump truck financing?
Dump truck financing is a form of equipment financing used to purchase or lease a new dump truck. Monthly payments are required until the loan is paid off in full with interest.
What are the requirements to get dump truck financing?
Requirements for equipment financing vary by lender. Minimum credit score requirements start at 500. 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 dump truck financing for?
Equipment financing can be used only for the specified equipment designated in the funding agreement.
How does dump truck financing work?
Dump truck financing operates similarly to other forms of equipment financing. Essentially, a lender provides you with the necessary funds to purchase the dump truck, which then serves as collateral for the loan. This means that if you default on your payments, the lender has the right to seize the dump truck to recoup their losses.
Interest rates and terms for dump truck financing can vary greatly depending on the lender, your credit score, the age and condition of the dump truck, and the overall financial health of your business.
Financing periods typically range from one to five years. It’s important to note that while some lenders may offer 100% financing, most will require a down payment. Therefore, it’s crucial to prepare accordingly and ensure your business can afford the monthly payments before committing to a dump truck loan.
What is equipment leasing?
Equipment leasing is a common way to finance a dump truck. The lessee pays a monthly rental fee over a fixed term. Depending on the structure of the lease, at the end of the term you either own the dump truck, have the option to purchase the dump truck, or in some cases return the equipment. A major benefit of equipment leasing is that the equipment itself serves as collateral for the loan, so you won’t need to put up any other business or personal assets as collateral.
What are the benefits of an online lender marketplace?
By applying for equipment financing via an online marketplace, you connect with multiple funders with a single application allowing you to quickly find the best option for your business.
Ready for funding?
See what you can qualify for on the Lendio Marketplace.