Commercial Truck and Trailer Financing - Leasing

Need transportation equipment to grow your business?

Have you exhausted your efforts at the bank?

If you have found a truck that you want, we can finance it for you.

1st Commercial Credit, LLC provides Commercial Truck and Trailer Financing for start up owner operators and existing owner operators with less than perfect credit.
View Pre-Qualify check list.

In addition, we can also provide freight bill factoring for all trucking companies.

If you are adding trucks or trailers to your existing fleet and have been turned down by other lenders, then 1st Commercial Credit may be the truck finance source for you.

Truck Dealer Finance Program or Owner-Operators looking for truck financing:

Typical monthly terms

2001 to 2002 year model trucks 18– 24 months (C Program only)

2003 year model trucks 30– 36 months (A, B, and C Program)

2004 year model trucks – 42 months (A, B, and C Program)

2005 to 2006 year model trucks – 48 to 60 months (depending on credit and mileage- A, B, and C Program)

2007 year model trucks – 60 months (A, B, and C Program )

2007 Trailers up to 72 Months (A, B only)

How do trucking companies benefit with our truck equipment funding program?

• We can finance your owner operators

• Higher profits for dealers

• Constant referrals

• We act as your in house credit and finance department

Are you looking for an easier way to liquidate used equipment? Tucking companies are always looking for a financing program for trucks & trailers that are coming off their fleet. Liquidating equipment in the past involved either wholesaling their trucking equipment or selling equipment at auction.

1st Commercial Credit can accommodate an in house financing program which trucking companies can use, at no cost to them. Simply stated, trucking companies can now retail their truck inventory while we can approve their retail customers and help them retain more profit on each sale.

PLEASE NOTE: We do not provide truck and trailer financing in Louisiana or Canada.

We currently do not approve applicants that have:

• Delinquent child support

• Bankruptcies that have not been discharged (case by case)

• Tax Liens

• Delinquent installment loans

• Bank statements showing bounced checks

• No past history of installment loans

• No CDL

• No experience in the trucking industry

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"A" & "B" Credit Program: Financing program for Trucking Fleets with good financials or owner operators with good credit.

Very competitive rates and terms available.

- Fast credit decisions – usually within 48 hours. Credit scores 640+.

- 100% non-recourse to the dealer.

- 5 year old or newer Class-8.

- Dealer reserve available with volume targets.

- Application only up to the $150,000.

- Standard terms from 24 months to 60 months. 72 months on trailers.

Typical program calls for 1st monthly payment to start, plus standard processing fee of $550.00

Medium duty / Off-road and Construction equipment a specialty.
Vocational equipment gets special consideration.

News Update - Now you can offer you’re A and B credit customers even lower payments with TRAC deals and residuals from 15% to
35% on most equipment – NEW AND USED!

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"C" Credit Program: Start-ups, First Time Buyers and Challenged Credits

This program is specifically designed to help you obtain financing for credit challenged customers that may have been turned down already.

1st Commercial Credit will work to make the deals happen when others will not. We can handle you’re A – B and C deals.

- Fast credit decisions – usually within 48 hours. Credit scores 585 and up. 100% non-recourse to the dealer.

- Class 8 trucks 2000 or newer,

Vocational vehicles 1998 or newer.
Medium duty – no age restriction.

- Loan amount up to the NTDA wholesale value and all are $1 out leases ($101.00 for challenged credits).

- Standard terms from 24 months to 60 months.

- Typical program calls for 10% cap-reduction plus 1st and last monthly payment to start, plus standard processing fee of $550.

- Medium duty / Off-road and construction equipment a specialty.

Flexible trucking leases for drivers and small fleets

• Start up Owner Operators (Must have CDL with 6 months min. experience)

• Past bankruptcies (If discharged)

• Lower credit scores acceptable

• Renters will qualify

• Co-Signers accepted