Financing for Commercial Vehicles

Faster, easier small business financing with one simple application—no bank needed.

Applying is free and won’t impact your credit.

Reviews From Commercial Vehicle Small Business Owners

Lendio Knows Restaurant Commercial Vehicle Small Businesses.

Whether you’re looking to buy a new commercial vehicle or add to your company’s services, Lendio will find you the perfect lender for your needs. You’ve gotten your business to where it is today, but with Lendio you’ll go farther than ever before.

Expand your commercial vehicle fleet with a business loan custom-made for your capital needs. Lendio has partnered with over 75 lenders, each of which is capable of giving you a cutting edge advantage in your business field.

Lendio is no stranger to funding for commercial small vehicle operations and the type of capital required to grow a profit-driven enterprise. Our network of preferred lenders makes it easy to submit a single application and receive multiple financing options to compare.

Why Lendio?

Quick & Easy

Apply in just 15 minutes and get funded in as little as 24 hours

Your Partner In Business Financing

Get personalized support throughout the funding process. Your funding manager will be with you every step of the way to answer your questions and advocate for you.

Offers Tailored To Your Business

Compare loan offers from multiple lenders. With over 75+ lenders in our network, your funding manager will work with you to ensure you get the best rates and terms for your business.

How Our Loan Matching Process Works.


Fill out our simple application.

Answer just a few questions about your business to see which lending products you qualify for. We’ve partnered with over 75 lenders, allowing us to find the best option or your business.


We’ll connect you with a funding specialist.

One of our funding specialists will reach out to you to get to know your business better. Since every business is unique, we want to make sure we find the loan type that’s perfect for your needs.


Compare loan offers.

Compare different offers curated for your business. Select the capital amount and rate that will help take your business to the next level.


Get funded.

We work with lenders that can fund you fast. Once you’re approved, you’ll be able to access your capital in as little as 24 hours.

Types of Business Loans For Commercial Vehicles

Asset- or Revenue-Based Financing

Also known as a business cash advance or invoice factoring, revenue-based financing allows business owners to borrow up to 90% of an unpaid invoice. After the loan is paid back directly by the customer, the final 10% is sent to the business owner, minus any fees. No additional assets are required to secure the loan.    


Up to 1 year

Up to 90% of receivables

Debt Financing

Term loans and SBA loans are both debt financing options and are most likely what you think of when you think about business loans. Borrowers receive the money in one lump sum and make regular, monthly payments until the loans are paid off. 


5-30 years

$5 million

Line of Credit

A business line of credit is like a credit card, but it comes with a higher credit limit. It can be used for both immediate and future working capital needs. If you’re expanding your commercial vehicle fleet, a business line of credit is a great no-money-down option. 


1-2 years

Up to $500,000

Equipment Financing

Equipment financing is a unique type of business loan that uses the purchased equipment or machinery as collateral to secure the loan. It’s a great product to expand your company without putting any of your other assets at risk.


1-5 years

$5 million

Additional Resources

Equipment Financing with Bad Credit

How to Use a Loan to Scale Your Trucking Business


Financing for commercial vehicles is when the borrower uses a loan product to complete the purchase of a commercial vehicle. Regular monthly payments are required until the loan amount is paid off with interest. 


In order to get a commercial vehicle loan through Lendio, your company needs to be at least six months old and have a monthly revenue of $8,000. Business owners are also required to have a credit score of 600 or more. 


A commercial vehicle loan can be used to purchase a new commercial vehicle, repair an existing one, or to purchase additional materials needed to run your commercial vehicle company. Business loans can be used for any business-related expenses. 

Online business loans often have easier applications and faster disbursements than traditional business loans offered by brick-and-mortar banks. If time is of the essence, an online business loan may get you on the road in the shortest amount of time. 

An SBA loan is a loan that is insured by the U.S. government through the small business administration. Because of this, SBA loans typically come with lower interest rates and higher loan amounts than other types of business loans. However, they are harder to qualify for and can take longer to process. 

There are three types of SBA loans: microloans, 7(a) loans, and 504 loans. Microloans are good for small capital needs between $500 and $50,000. 7(a) are great for larger working capital needs and come with loan terms up to 25 years for real estate and 10 years for equipment and capital needs. 504 loans are best for large asset purchases up to $5 million. If you need to purchase a high-end commercial vehicle or a fleet of cars, the 504 SBA loan may be your best option.

8 out of 10 Lendio employees* or their families own a small business.

*based on 136 Lendio employees who responded to an internal poll

Quickly Compare Loan Offers from Multiple Lenders

Applying is free and won’t impact your credit

Talk to a rep at (855) 853-6346
Mon-Fri 7:30am-5pm MST