Semi-Truck and Trailer Financing
Truck drivers and members of the long-haul transportation industry keep our economy moving. Can you imagine a world without truck drivers? How would we receive our goods and products? At Exponential Commercial Finance, we understand the importance and significance of this industry, and that’s is why we have two programs geared for members of the trucking and long-haul transportation industry.
This program is a simple, fast, application-only program that is geared toward owner-operators. Whether or not you have challenged credit, our program offers same-day approvals, early payoff options, fee financing, and no additional collateral required.
- Financing from $10,000 to $55,000
- 2009 or newer Class 8 tractors (up to 700,000 miles)
- 2012 or newer reefer trailers (up to 15,000 hours)
- Minimum 25-percent down payment (trade-ins accepted)
- First-time owners are eligible
- No minimum credit score (past bankruptcy, derogatory credit history, and foreclosures will not disqualify)
- Must have a commercial driver’s license (CDL)
Fleet Expansion Program
Our fleet expansion program allows you to increase your fleet with very few restrictions.
- Must be in business for at least two years before applying
- Must already own a minimum of three trucks and/or combination of trucks and trailers
- Used vehicles must be fewer than 15 years old
- Used trailers can be more than 15 years old
- Application and bank statements only up to $75,000
- Full financial disclosure above $75,000
- Minimum credit score of 635