Owner-Operators · Fleets · Startups Welcome
Commercial truck financing — built for the road.
Summit finances semis, trailers, box trucks, dump trucks, and fleet equipment from $25,000 to $2,000,000. 0–10% down for established owner-operators, programs for new CDLs, and fleet-tier pricing for operations running 5+ trucks. One application, specialty transport lenders.
- Capital
- $25K – $2M
- Down Payment
- 0–10%
- Min FICO
- 580+
- Term
- Up to 84mo
Your options
Truck financing for every operator.
Semi Truck Financing
$40K – $250K1–3 days
Class 8 sleepers and day cabs. New and used up to 10 years. 0–10% down for established operators.
Owner-Operator Startup
$30K – $150K2–5 days
First-truck programs for CDL Class A holders with 6+ months experience. 10–20% down.
Trailer Financing
$15K – $100K1–3 days
Reefers, dry vans, flatbeds, lowboys. Up to 84-month terms.
Box & Straight Truck
$20K – $150K1–3 days
Class 3–7 box trucks for delivery, moving, and service. Lower down payment than Class 8.
Dump & Vocational
$50K – $500K2–7 days
Dump trucks, mixers, garbage, and construction-spec trucks. Specialty lenders.
Fleet Financing
$250K – $2M1–2 weeks
5+ truck operations. Master lease line, fleet-tier rates, streamlined unit-level approvals.
FAQ
Commercial truck financing, answered.
How do I finance a semi truck?
Semi truck financing uses the truck as collateral, so credit and time in business matter less than the asset itself. Owner-operators with 1+ year CDL experience typically qualify with 0–10% down and FICO 600+. Used trucks under 10 years old and clean MVRs price the best.
Can I get a semi truck loan with bad credit?
Yes. Sub-650 FICO truck financing is available with 15–25% down, a strong driving record, and verifiable income. Pricing runs 13–22% APR depending on truck age, miles, and credit. Summit places these through specialty transport lenders.
What's the down payment on a commercial truck?
0–10% for A-paper owner-operators (FICO 680+, 2+ years CDL). 10–20% for B-paper (FICO 600–679 or new owner-operators). 20–25% for startup CDL or sub-600 credit. New trucks from major manufacturers get the lowest down payment.
How long are commercial truck loans?
48–84 months is standard, depending on truck age and mileage. New trucks finance up to 84 months; trucks 5–10 years old typically max at 60. Trailer financing runs up to 84 months.
Can a new owner-operator get truck financing?
Yes. CDL Class A holders with 6+ months of driving history (as a company driver counts) can finance their first truck. Summit's specialty lenders run startup owner-operator programs with 10–20% down and FICO 580+.
Lease vs. finance a semi truck — which is better?
Finance to own (build equity, deduct depreciation, lower long-term cost). Lease for flexibility (lower payment, swap to new equipment every 3–5 years, avoid maintenance on aging trucks). Summit structures both based on your operating economics.
Get the truck. Keep the work.
Soft-pull pre-qualification. No obligation. Same-day decisions on revenue-based products.