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Truck Repair Financing

Last Updated: November 26, 2024
Written by: Amy Orr
Reviewed by: Jenna West
Originally Published: January 07, 2020

Truck repair financing is a good option for any business that uses trucks. Both independent operators and fleet owners can benefit from commercial truck repair loans. When your commercial truck is in need of repair, these specialized loans are meant to help you pay for the damages. They are also often available to borrowers with low credit scores.

Below you’ll find a list of truck and semi-truck repair loan lenders for you to compare and consider.

Once you’ve selected the right lender, just click “Apply Now” next to lender’s name and you’ll be directed to the online loan application form.

Need help with choosing the right lender? Pre-apply with Smarter Loans and we will assist you in finding the best truck repair financing option for your specific requirements.

We can help connect you with the top commercial financing companies in Canada.

Pre-Apply For A Business Loan for Truck Repair

Top Truck Repair Financing Providers in Canada

Company
Amount
Interest Rate
Reviews
Terms
$5,000 - $500k
Varies
6 -12 months
$15,000 - $1 Million
Starting at 8%
3 - 24 Months
$5,000 - $500,000
Varies
4 - 12 months
$5,000-$300,000
Starting at 7.99%
Fixed, 4-18 months
$5,000 - $500,000
Starting at 7.99%
6 - 24 Months
$500 to $300,000
Starting at 8.39%
2, 3, 4, 6, 9, 12, 18 or 24 month terms
$5,000 - $50M
Starting at 7%
5 - 96 months
$3,000 - $5,000,000
Starting at 13.99%
1 month to 60 months
$5,000 - $500,000
Starting at 9.99%
2 Months - 2 years
$5,000 - $300,000
Starting at 7.99%
3 - 12 months
$5000 - $800,000
Starting at 7.99%
6 - 24 Months
$10,000 - $250,000
Varies
3 - 12 months

What do you need to get a truck re

Written By:

Amy Orr

Amy Orr is a professional writer and editor with over 10 years of experience in the Canadian, U.S. and U.K. financial markets. She has written for numerous publications on topics as diverse as economic literacy, corporate finance, and technical analysis of numerical data. Prior to transitioning to full-time writing, she worked in the hedge fund sector. Her academic background is astrophysics, and she has a Masters in Finance from the University of Edinburgh Business School.

Reviewed By:

Jenna West

Jenna West is Smarter Loans' in-house financial writer and content director. She has been covering the Canadian FinTech and finance industry since 2017, including financial trends analysis, industry surveys, regulatory updates and changes in Canadian consumer behaviour when it comes to finance.


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Nate CampeauNate Campeau
13:22 27 Oct 24
This company is reliable, quick, and just has the best customer service and rates it is a easy process with quick results. Would definitely recommend to anyone that needs the help.
Bles4lif Pro-DreBles4lif Pro-Dre
19:29 23 Oct 24
Vincent JohnsonVincent Johnson
07:08 23 Oct 24
Good place for borrowing a bit of money 😁
Kels HillKels Hill
06:41 23 Oct 24
Personally love this opportunity and app. Super convenient and easy to use and super awesome variety of great loans. Thanks so much guys for making such an awesome site and app and being there for me over the years. :)
Tara HartTara Hart
16:23 16 Oct 24
From beginning to end, my experience was great! Very professional and personable agents. They only asked questions that were needed for the loan and payments were extremely reasonable. Would recommend to anyone who needs emergency funds.
A ScottA Scott
19:43 11 Oct 24
“ Thank you SO very much! My situation was tricky and you guys made the whole process so effortless. The way you guys handle the whole process so discreetly. That truly speaks to how well your office is run and the caliber of specialists who handled the processing of my entire loan!”
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Types of Truck Repair Financing offered:

  • Business Term Loans
  • Business Lines of Credit
  • Financing for Commercial Truck Repair
  • Secured Loans
  • Invoice Factoring
  • Collateral Loans