Over the Road (OTR) Trucking Finance Program
Over the Road (OTR) Trucking Finance Programs
Approving A-D Credit
Accepting A-D Credit 
Approving Startups 6 Months+
550 Minimum FICO Credit Score
Accredited business BBB logo
trucking companies

$750,000

Long Haul Trucking Company
trucking companies

$100,000

Small Fleet Trucking Company
manufacturing company

$350,000

Industrial Temporary Staffing Agency
invoice facotring security icon

$650,000

Invoice Factoring For Cyber Security Company

Programs For The Trucking And Transportation Industry

Approving A-D Credit
Consistent & Fast Funding
Wide Credit Score Range
Easy Application Process

Why Choose Our Trucking And Transportation Equipment Finance Program?

1st Commercial Credit offers many programs for the trucking and transportation industry. Class 8 trucks, Vocational trucks and trailers fall under different financing parameters. Please review the following criteria.

Our system will ensure that your information is assessed by a person rather than by a machine, guaranteeing that each borrower receives the attention they deserve.

More Programs Offered by 1st Commercial Credit:

Semi Truck Fleet Financing

Starting as low as 8.9% to 14.9% —
2+ years in Business
Minimum $35,000 to $15 Million
Have 10% of Financed Amount
50% to 70% Comparable Debt
Application Only Up To 250k
0% to 30% Down Payment
640 Minimum FICO Credit Score
640+ PayNet Score
Minimum 2 Years in Business
Mileage Restrictions:
→ 500,000 Miles: - 2.5 to 3 years term 
→ 400,000 Miles: - 4 to 5 years term
→ 300,000 Miles: - 3 to 4 years term
→ 200,000 Miles: - 5 to 7 years term
If This Semi Truck Finance Fits You, Pre-Qualify Below
GET THE FUNDING YOU NEED IN JUST A Few DAYS!
Click Here To Pre-Qualify
More Programs Offered by 1st Commercial Credit:
1st Commercial Credit's financing programs involve the following steps:
application process OTR
1

Applications
In Minutes

Credit decision OTR
2

Credit Decision
In Hours

Electronic Signature OTR
3

Electronic Documents
Signed

Deal for OTR
4

Another Deal
Closed

Call Now 1 (800) 876 6071pre qualify now

OTR TruckStarter® Program

New Business/Challenged Credit - Parameters for Approvals on OTR equipment
Why Choose Our OTR TruckStarter® Equipment Finance Program?

1st Commercial Credit has designed a new offering for newer or credit challenged trucking companies. When an applicant does not meet the requirements for our A through C credit programs, we have available OTR TruckStarter®. It offers more flexibility in approving trucking companies under 1 year in business and helps build business credit. Some trucking company owners have good credit score but not enough comparable debt.

$35,000 - $500,000
Must have MC Authority or DOT
Last 3 months bank statements
Have at least 10% of the financed amount
30% to 40% down payment
Flexible in Comparable Debt
Auctions can be approved
550 Minimum FICO Credit Score
Semi Trucks Age up to 5 Years
Business Owner must be involved
2 years experience
No CDL required
Business – Corp, LLC (No Sole Props)
Private party transactions accepted
Mileage Restrictions:
→ 500,000 Miles: - 2.5 to 3 years term 
→ 400,000 Miles: - 4 to 5 years term
→ 300,000 Miles: - 3 to 4 years term
→ 200,000 Miles: - 5 to 7 years term
If This Finance Program Fits You, Pre-Qualify Below
GET THE FUNDING YOU NEED IN JUST A Few DAYS!
Click Here To Pre-Qualify
Call Now 1 (800) 876 6071pre qualify now
More Programs Offered by 1st Commercial Credit:

1st Commercial Credit will evaluate your funding request based on your company’s monthly revenue, time in business and the equipment you will be purchasing or leasing.

  1. Condition of the truck: We will review the make, model, vin number, engine type, transmission, average fuel mileage, previous accidents reports, mileage, history, pictures and current valuations.

  2. Truck vendor: We are flexible in adding new truck vendors all the time. We prefer funding to reputable truck dealers, as opposed to a private party from an individual. We will consider a private party sale from reputable trucking fleet companies that can demonstrate a historical service and maintenance record of the truck.

  3. Credit scores: Trade business credit score as well as your own personal credit history will be reviewed. We have programs for all type of borrowers regardless of your credit score, even with bad credit. The most important is you can show that you have had consistent monthly revenue in your business and can maintain recurring sales for at least the last 6 months.
  4. Proof of down payment: We will need to know if you have enough cash available to pay for the down payment as well as meet other expenses. If you plan to finance $50,000 dollars, it is suggested that you have at least 10% ($5,000) of the finance amount for cash flow purposes and at least a down payment for your insurance. Depending on your used truck purchase cost, credit and time in business, a down payment averages 10% to 30% to meet the loan to value ratios.

  5. Time in business: It is important to have detailed financials if your business is under 2 years of operation. We would like you to demonstrate that you can run a profitable business and have saved up some money for future repairs, tires, insurance and truck payments. Trucking companies over 2 years of historical data are easier to approve, however they still fall under the same criteria in profitability and set-aside cash flow. 

  6. Truck insurance: We will require insurance on the truck for property damage and liability for at least 1 million. 

  7. Other documents: Typical documents we ask for is to provide proof of business, tax returns, profit and loss statements, balance sheets, bank statements, as well as permits and insurance.