Alternative Finance Directory for Small and Mid-Size Fleets
Looking to grow your truck fleet but hitting a roadblock with traditional bank loans? You’re not alone. Many small and mid-sized fleet operators—especially newer businesses or those with less-than-perfect credit—find that conventional financing can be tough to secure. Whether you’re looking to add a few more power units, pick up some late-model trailers, or finally swap out that aging flatbed, having the right financing partner can mean the difference between staying stuck and scaling up.
The good news? There are dozens of U.S.-based companies that specialize in commercial truck and trailer financing—offering everything from TRAC leases to lease-to-own programs, asset-backed loans, and working capital lines. Some work with first-time buyers. Others cater to fleets with credit challenges or startups with only a few months under their belt.
Below is a list of 20+ truck financing companies that serve small and mid-sized U.S. fleets. We’ve included both traditional banks and alternative lenders, along with a short summary of each company’s offerings. Whether you’re building your fleet from scratch or looking for a more flexible funding option, this list is a great place to start your financing journey—without all the dead ends.
| Company Name | Company Website | Truck Financing Summary |
|---|---|---|
| Accion Opportunity Fund | accionopportunityfund.org | A nonprofit lender focused on owner-operators and new small businesses. Offers commercial truck loans from $5,000 to $250,000, welcoming first-time buyers (even with only a new CDL or 6 months’ experience) and credit scores as low as 600. Provides accessible financing with mission-based support for credit-challenged borrowers. |
| Ascentium Capital | ascentiumcapital.com | A national equipment financing division of Regions Bank offering fast, flexible funding for new or used commercial vehicles. Offers up to 100% financing with low or no down payment (including $0 down options) and can approve up to $2 million with terms to 84 months, making it suitable for larger trucks or fleets. |
| Balboa Capital | balboacapital.com | An online lender providing loans and leases for trucks and heavy equipment. Funds amounts up to $500,000 (or $350k for softer collateral) with same-day funding available for deals under $250k. Typical requirements are 620+ credit, 1+ year in business, and $100k+ revenue. Offers flexible 2–5 year terms and competitive rates. |
| Bank of America | bankofamerica.com | A large nationwide bank with a dedicated commercial truck financing program. Offers loans starting as low as $1,000 with fixed rates (~6.99% APR and up) for trucks (generally under 5 years old / <75k miles). Terms range ~4–6 years, and Preferred Rewards business clients get rate discounts of 0.25%–0.50%. |
| Bush Truck Leasing | bushtrucks.com | A lease-to-own specialist with 45+ years experience in commercial truck solutions. Provides an extensive inventory of delivery and route trucks (“from Transits to Tractors”) and flexible lease-purchase plans tailored to independent contractors and small fleets. Leases come with unlimited mileage and quick, easy approval for even multi-truck deals. |
| CAG Truck Capital | cagtruckcapital.com | A specialty finance company that welcomes credit-challenged owner-operators. CAG provides truck loans even after bankruptcy or for startups, often funding major repairs (engine overhauls) as well as purchases. Offers competitive rates (starting around 10% APR) and will work with borrowers who can commit a down payment; in-house diesel experts help guide customers through the process. |
| Commercial Fleet Financing (CFF) | commercialfleetfinancing.com | A dedicated truck and trailer lender known for speed. The one-page application can yield approval in 2 hours and funding in 24 hours. CFF offers flexible terms with no hidden fees, and has a “Fresh Start” program for subprime credits (scores <640). Finances $10k to $1M per deal, including options for borrowers without excellent credit. |
| Crest Capital | crestcapital.com | A direct equipment lender with a strong reputation for competitive rates. Finances trucks and trailers with loans from $5,000 up to $1,000,000. Typically requires ~650+ FICO and 2+ years in business, but in return offers low interest (often starting ~5%) and long terms (2 to 6 or even 7 years) for affordable payments. |
| Crossroads Equipment Lease & Finance | crlease.com | A major independent lender specializing in transportation equipment. Offers loans and leases for everyone from single-truck owner-operators to large fleets. Crossroads can finance new or used trucks (they even sell certified pre-owned inventory) and provides custom solutions. Notably, certain programs feature no down payment and low weekly payments to help new drivers get on the road and work toward ownership. |
| eLease (eLease Capital) | elease.com | An experienced equipment lessor (est. 1995) offering creative financing for commercial vehicles. eLease works with small businesses and even finances older used trucks (models up to 20 years old) that many lenders won’t touch. They provide leases and loans with flexible terms and understand the needs of startups and credit-weaker clients (rates vary ~6–35% APR). |
| First Capital Business Finance | firstcapitalbusinessfinance.com | An alternative financing firm offering loans, leases, and even lines of credit for commercial trucks. First Capital has programs for startups and bad-credit customers – lower credit scores can be approved with a higher down payment. They advertise flexible terms, competitive rates, and a fast turnaround (often same-day decisions) by matching clients with the right program based on credit, truck age, and experience. |
| Fleet Financial | fleetfinancial.com | A financing company that specializes in semi-truck and trailer funding for owner-operators and fleet owners. Offers customized loan and lease solutions with terms up to 60 months, and is willing to fund startups. Approvals and funding are fast (often 1–2 days), and they work with mid-tier credit (generally 600+ FICO is the baseline). |
| JR Capital | jrcapitalgroup.com | An online lender that provides equipment financing for trucks, trailers, and other assets. JR Capital stands out for its no down payment requirement and high maximum loan size (they can fund from $5k up to $10 million). They offer flexible repayment (up to ~5–6 years) and will consider lower credit scores for established businesses, making it a good option if you need a large loan or have less-than-perfect credit. |
| Lone Mountain Truck Leasing | lonemountaintruck.com | A well-known lease-to-own company that makes it easy for drivers to own their own semi-truck. Requires a relatively minimal down payment and offers low fixed monthly payments with no end-of-lease balloon. Lone Mountain’s straightforward program (no hidden fees) is open to a wide range of credit profiles – many first-time owner-operators use this route to purchase late-model used tractors through a simple lease-purchase plan. |
| National Funding | nationalfunding.com | A fintech lender offering both equipment loans and leases for commercial trucks. Funds up to $150,000 over 2 to 5-year terms and no down payment is required. They cater to borrowers seeking quick access to capital – online application and fast approvals – and even guarantee the lowest payment on a lease (will pay you $1,000 if you find a better lease offer). |
| OTR Leasing | otrleasing.com | A lease-purchase provider specializing in used semi-trucks for owner-operators. OTR offers low upfront costs (sometimes even $0 down promotions) and affordable weekly payments, and they accommodate a wide range of credit scores, including challenged credit. Their program focuses on getting trucks on the road quickly – with fast approvals and options like deferred initial payments – to help new drivers become owners. |
| SFI Trucks & Financing | sfitrucks.com | An established truck leasing company (associated with a major carrier) that leases new and gently used tractors to both experienced and first-time owner-operators. SFI is flexible on credit – they will work with customers regardless of credit score by setting an attainable security deposit. Leases typically run a few years with an option to purchase, and SFI provides extra support (maintenance programs, etc.) throughout the lease term. |
| TAB Bank | tabbank.com | A Utah-based bank originally founded to serve the trucking industry. TAB Bank offers customized financing for commercial vehicles – whether you’re buying one truck or a fleet. Customers get one-on-one service, quick approvals, and competitive rates/terms. (TAB also provides related services like freight factoring and business checking, catering to the needs of owner-operators and fleet owners.) |
| TopMark Funding | topmarkfunding.com | A specialized commercial vehicle financier with a quick & easy application process. TopMark can finance various equipment – semis, dump trucks, box trucks, even trailers – and will consider older units (trucks up to ~10 years old or high mileage). They offer approvals up to $250,000 within 24 hours and have options for 0% down for well-qualified borrowers; they also finance startups (prefer 3+ years CDL experience). |
| Triton Capital | tritoncptl.com | An online business lender offering equipment loans for trucks with rates as low as ~5.99% APR. Triton provides funding within a couple of days and allows flexible repayment schedules – you can pay monthly, quarterly, seasonally, etc., over terms of 12–60 months. Best for businesses with decent financials that want an online process but more payment flexibility than typical lenders. |
| Truck Lenders USA | trucklendersusa.com | A financing company specializing in commercial vehicles. Offers quick funding (credit decisions often within 2–8 hours) and does not require a down payment to get started. Truck Lenders USA provides competitive rates and terms on loans from about $15,000 up to $1,000,000, financing both new and used trucks for owner-operators and fleet expansions. |
| Truist | truist.com | A large national bank that offers commercial vehicle loans and equipment financing to small businesses. Truist’s truck financing goes up to $250,000 with term lengths as long as 84 months. They even offer up to 110% financing (to cover taxes, warranties, etc.) for qualified buyers. While credit requirements aren’t published, Truist’s multiple loan/lease options and long terms provide flexibility for small fleet owners. |
| U.S. Bank | usbank.com | A well-established bank with a dedicated equipment financing division. U.S. Bank can finance big rigs and trailers with loans up to $1 million, and it allows bundling multiple trucks or pieces of equipment under one contract. Offers flexible payment plans (monthly, quarterly, seasonal) and often no down payment is required. Known as a reliable option for borrowers needing larger amounts or fleet purchases. |
| Wells Fargo | wellsfargo.com | A major bank that provides commercial truck loans, leases, and lines of credit. Wells Fargo finances Class 6, 7, and 8 trucks with term lengths from 12 up to 84 months. They offer seasonal payment structures and competitive rates, and even maintain an inventory of used trucks/trailers that customers can purchase directly. Serves small and mid-sized fleets with tailored financing solutions and broad nationwide support. |
