One application. 5 lenders.
Get Funded One application routed to where you qualify.
Every Apply button starts the same single application. Your chosen lender is prioritized first.
Carriers with steady contract revenue and a clean safety record see the best pricing, because both reduce lender risk more than any individual unit does.
| Operating authority | Required. The starting point of any application. |
| Safety record | Assessed directly. A clean record materially affects pricing. |
| Contracts | Steady contract revenue is the strongest support for a facility. |
| Fleet composition | Age and mix of existing units, not just the ones being financed. |
On the company. A single unit is financed on the unit and the revenue it will earn; a fleet is financed on the operation that runs it: its contracts, its statements, its time in business, its maintenance record and the people managing it. The five commercial truck lenders listed underwrite fleet purchases that way, from 5.5% and over terms that run to the working life of the units, with the whole purchase priced as one facility rather than five separate loans. Their published ranges and what each wants to see are on the commercial truck financing page.
What that means for the application: the fleet's revenue and contracts carry the application, and the units are checked for value and condition rather than underwritten one by one. A fleet operator with two years of statements and a signed contract for the new units is financed on the contract; a fleet operator adding units on speculation is financed on the balance sheet, and priced accordingly.
Time in business, since a fleet lender wants an operation that has already run trucks. Revenue and its regularity, from settlement deposits. The contracts the new units will serve. The maintenance history of the existing fleet, because it predicts how the new units will be kept. The management, since a fleet is run by people. And the units, for value, age and condition, with the term scaled to the oldest of them.
So that the units do not all fall due at once. A fleet financed in one purchase on one term is a fleet that needs replacing in one year, which is a cash-flow event most operations cannot absorb. Stagger the terms, or stagger the purchases, so that a share of the fleet renews each year and the payments stay level; a lender financing the fleet will help structure it that way if asked, because a level-payment fleet is a fleet that keeps paying. Vans and lighter vehicles financed as equipment are on the fleet financing page.
Apply once. Our application reaches all five lenders listed and routes on the operation and the units.
Reviewed by Rafael Rositsan, Co-Founder and CEO, Smarter Loans. Last reviewed 17 September 2026. Lender figures are the lenders' published terms as checked August 2026.
Lenders vary. The assessment shifts from unit-based to company-based somewhere around five units at most.
An approved limit drawn against as units are acquired, rather than a separate application per truck.
Often yes, because the assessment is on the company and the units cross-secure.
Above a certain size, generally reviewed or audited statements rather than internally prepared ones.
