Commercial Vehicle Financing
You can apply for commercial vehicle financing for a commercial vehicle that will be titled and registered in your businesses name. Loan terms can be up to seven years for loans up to $100,000 and loan terms can be up to ten years for loans between $100,001 - $200,000.
- Loan amounts from $5,000 - $200,000
- Interest rate is prime rate + 1.25% (fixed rate)
- New and Used Commercial Vehicles are eligible
- Down payment of 10% required for loans up to $100,000
Down payment of 20% required for loans from $100,001 - $200,000 - Used vehicles will be limited to a maximum age of 5 years including the current model year
- Minimum of one year business longevity required
