
Running a trucking business comes with constant expenses- fuel, maintenance, permits, insurance, or sudden repairs that can keep your rig off the road. Eligible commercial vehicles for title loans include big rig, box trucks, dump trucks, car haulers, and platform trucks, making it easy for a wide range of trucking businesses to secure funding. When cash flow runs tight, commercial truck title loans give owner-operators and fleet owners a fast way to borrow against the value of their truck.
By leveraging your commercial vehicle’s equity, you can access same-day funds to cover urgent costs, keep your business moving, and stay focused on the road ahead. Commercial truck title loans are designed to support your business’s cash flow with flexible terms and a streamlined approval process. 5 Star Car Title Loans is a trusted partner offering a variety of financing options for commercial vehicles at competitive rates.
In a Nutshell
- Title loans for semi trucks have fast loan approval, often within one business day.
- Loan approval is based on your ability to repay the loan and the equity in your truck.1
- Cash amount is based on the equity of your truck, you could qualify for $2,500-$50,000.
- You are able to keep driving your truck while making monthly payments on the loan.
- Missing multiple monthly payments may result in a repossession of your vehicle.
What is a Commercial Truck Title Loan?
A commercial truck title loan, also known as a semi truck title loan, is a type of secured loan that allows you to borrow money by using your truck’s title as collateral. The loan amount you can qualify for is based on the current market value of your vehicle. Collateral is a valuable property you pledge to secure a loan. In this case, your commercial vehicle serves as that security.
You start by applying for a loan from a lender, offering your truck’s title as the guarantee. The truck’s title is essential as it serves as proof of ownership and is required as collateral to secure the loan. The lender then assesses the value of your semi truck to determine how much you can borrow. Details needed include the make, model, year, mileage, and Vehicle Identification Number (VIN) of the truck.
Once approved, you receive cash upfront in as little as one business day. In exchange, the lender holds onto your truck’s title until you repay the loan in full, including any interest and fees. Despite this, you retain possession of your semi truck and can continue to use it for business while making regular payments as agreed upon in the loan terms. A lien is removed from the vehicle title once the loan is fully paid off.
Once the loan is fully repaid, the lender returns your truck’s title, and you regain full ownership. This process provides quick access to cash while keeping your semi truck operational, as long as you adhere to the repayment terms.
Why Are Commercial Truck Title Loans Important?
Truckers can encounter unexpected expenses such as repairs, medical bills, or other financial challenges leaving them financially insecure. Commercial title loans can provide much-needed support when making stressful financial decisions.
Traditional loan applications often place a heavy emphasis on your credit score and typically require a strong credit history. In contrast, a semi truck title loan will focus more on two key factors: your ability to repay the loan and the value (equity) of your truck.
This makes commercial vehicle title loans more accessible to many truckers who might not qualify for other types of loans. By using your truck’s title as collateral, you can secure a loan even if you have poor credit or lack a strong credit history.
Lender Tip: When considering a title loan, borrow only what you truly need. These loans have higher interest rates, which are a key factor in the overall cost of the loan, so minimizing what you borrow saves you money in the long run.
Remember, a commercial truck title loan is typically a short term loan, so careful budgeting is essential to manage repayments effectively.
Application Process for an Online Truck Title Loan
At 5 Star Title Loans, we understand that unexpected expenses can sideline your trucking business. That’s why we offer a hassle-free way to get the cash you need, fast. Our application process is designed to help you in securing financing quickly, so you can keep your business moving. Here’s how it works:
- Apply from Anywhere:
Our convenient lets you start the process from the comfort of your truck or home. No need to waste time driving to an office.
- Get Funded Quickly:
Once approved, receive your funds in one business day to cover repairs, medical bills, or anything else your business needs. If you need truck repairs, we can send funds directly to a repair shop for your convenience.
- Flexible Repayment Options:
We work with you to find a repayment plan that fits your budget and lifestyle. Start repaying your loan and get your title back fast.
Don’t let financial roadblocks stall your business. Apply today for a no-obligation quote and see how quickly we can help you get back in the driver’s seat.
Eligibility Requirements for Semi Truck Title Loans
Eligibility requirements for semi truck title loans may vary, but generally include:
- The title to your commercial truck
- Proof of income
- Valid government ID
- The vehicle’s registration, insurance, and other documentation
Commercial truck loans can also be used to help with the purchase of a new or used commercial truck.
Qualifying Trucks & Trailers
- Semi trucks
- Big rigs
- Box trucks
- Dump trucks
- Car haulers
- Platform trucks
- Delivery vehicles
- Trailers with clear titles
- Specialized commercial equipment (subject to lender approval)
- Vehicles in good working condition with sufficient equity
- Properly maintained commercial trucks and trailers
Understanding the Benefits and Drawbacks
In addition to the key advantages and risks, it’s important to consider how a commercial truck title loan fits within your overall financial strategy. These loans can provide critical short-term relief, but careful planning and responsible borrowing are essential to avoid potential pitfalls. Always assess your repayment capacity and explore all available financing options before committing.
Pros and Cons of Commercial Truck Title Loans
Pros | Cons |
Quick Access to Cash: Commercial vehicle title loans can get you fast funds, ranging from $2,600 to $50,000, usually within one business day. | High Interest Rates: Commercial vehicle title loans are known for significantly higher interest rates compared to traditional loans. These loans can reach APR as high as 300% or more. |
Flexible Loan Amounts: Loan amounts are typically based on the value of your semi truck and your ability to repay, offering flexibility depending on your needs. | Risk of Repossession: Failure to repay the loan can lead to repossession of your truck, jeopardizing your ability to work. |
Bad Credit Accepted: Semi truck title loans can be an option for borrowers with bad credit since they rely on the value of the truck and repayment ability. | Short Repayment Terms: These loans are typically short-term, requiring repayment within a few months to a year, which can strain your cash flow. |
Continued Truck Use: You can continue operating and using your truck while repaying the loan. | Predatory Practices: Predatory lending practices are associated with the title loan market, targeting individuals in financial distress. |
Choosing the Right Lender
The initial step in obtaining a commercial truck title loan is choosing a reputable lender. Carefully evaluate potential lenders when looking for a semi truck title loan. Here are some key factors to consider:
- Interest Rates and Fees: Compare rates and fees from multiple lenders to find the most competitive offer.
- Lender Reputation: Research the lender’s customer reviews and online presence to ensure legitimacy.
- Terms and Conditions: Thoroughly understand all loan terms, including payment terms such as repayment schedules, late fees, and prepayment penalties.
When comparing lenders, securing the best loan offer for your needs is crucial to ensure financial safety and confidence throughout the process.
Calculate Your Title Loan Estimate
Utilize our title loan calculator to estimate your monthly payments before you commit. This easy-to-use tool can be used for a variety of vehicles, including big rigs, semi-trucks, box trucks, dump trucks, and delivery vehicles. Different vehicles may have different loan amounts based on their value, so it’s important to check your specific vehicle type. By planning ahead, you can ensure a title loan works for your financial situation.
Be a smart borrower managing your truck title loan well by creating a budget that incorporates your loan repayments. By prioritizing your monthly payments you are protecting your truck from possible repossession. If possible, make early payments to minimize interest, keeping more of your money in your pocket.4
Managing Cash Flow with Commercial Truck Title Loans
Managing cash flow in the trucking industry means balancing unpredictable expenses like fuel, repairs, and taxes with steady income. Commercial title loans offer a fast, reliable financing option by using your existing vehicle’s equity to access necessary funds, often within 24 to 48 hours, without relying on your credit history.
Beyond quick cash, these loans provide flexible repayment terms tailored to your business’s cash flow, helping you avoid downtime during urgent repairs or tax payments. To qualify, you’ll need to submit vehicle information and proof of income, making the application process straightforward and efficient. Using commercial title loans strategically can keep your fleet running smoothly while preserving your working capital for long-term growth.
Tips for Managing Cash Flow with Commercial Truck Title Loans
- Borrow only what you need to minimize interest costs.
- Provide recent pay stubs and bank statements to quickly determine eligibility.
- Choose flexible repayment schedules that align with your business’s cash flow.
- Use funds to cover urgent expenses like IRP taxes, insurance, and repairs.
- Keep clear records of loan disbursements and repayments to monitor your financial health.
- Plan ahead for loan repayment to avoid repossession risks and maintain possession of your semi truck.
Conclusion
Semi truck title loans can be a solution for truckers facing short-term financial needs. However, it’s crucial to weigh the pros and cons carefully to ensure this option is right for your situation. Responsible budgeting and prioritizing loan repayment are essential to avoid potential pitfalls.
We offer easy applications available for you to fill out no matter where you are. We can help you navigate the application process with ease. If you find yourself having any bumps in the road call our customer service line at (888) 309 0994 or visit our FAQ page for more information.1
FAQ
Can I Take Out a Loan on My Semi Truck?
Yes. You can take out a loan on your semi truck by using the vehicle’s title or equity as collateral. This type of financing is often called a commercial truck title loan or semi-truck loan. The amount you qualify for depends on factors like the truck’s value, your income, and your ability to repay.
Some lenders may also consider your credit score, time in business, and trucking experience, but many focus primarily on the equity in the truck. With approval, you can continue driving your semi while making scheduled payments until the loan is paid off.
Can You Get a Title Loan on a Commercial Vehicle?
Yes. Most commercial vehicles and trailers with a clear title are eligible for a title loan. Lenders allow you to borrow against the value of the truck, van, or trailer while you keep using it for business operations, as long as payments are made on time.
What Are the Terms for a Commercial Truck Loan?
Commercial truck loan terms usually range from 36 to 84 months. Lenders consider factors like the truck’s age, your credit profile, and business history when setting repayment terms. Down payments often fall between 10%–20%, and interest rates depend on your creditworthiness and the truck’s value. Always review the full loan agreement to understand fees, repayment schedule, and conditions before signing.
How Much Can I Get for a Title Loan on My Truck?
The amount you can borrow with a truck title loan usually ranges from 25% to 50% of your vehicle’s appraised value. For example, if your truck is worth $20,000, you may qualify for a loan between $5,000 and $10,000. The exact loan amount depends on the truck’s condition, mileage, and the lender’s policies.
If I am Unemployed Can I Get a Title Loan?
Yes, you can get a title loan even if you are unemployed. Lenders will then rely on your ability to demonstrate sufficient funds to cover your loan payments. This includes but is not limited to social security, disability, alimony, etc.

Written by
Nick Marinoff
Nick Marinoff is a freelance writer and journalist. He has previously served as an environmental reporter with Planet Experts, a senior writer and chief editor with News BTC, and as a news writer and editor with Money & Tech. He is a proud graduate of FHSU in Hays, KS.