Frequently Asked Questions
What types of equipment can I finance?
You can finance a wide range of commercial assets, including tractors, trailers, heavy machinery, construction equipment, forklifts, and specialty vehicles—whether new or used.
How long does the approval process take?
Most applications receive a credit decision within 24–48 hours. Once approved, funding can often be completed in the same timeframe, so you get your equipment when you need it.
What credit history do I need to qualify?
We consider all credit profiles—from pristine to challenged. While stronger credit can improve rates, our flexible underwriting looks at your overall business performance and cash flow, not just a credit score.
Can I finance equipment purchased privately (non-dealer)?
Yes. We support both dealer and private-sale transactions. Simply provide the seller’s details, equipment specs, and price, and we’ll structure financing to fit your deal.
What terms and payment options are available?
Terms range from 24 to 60 months, with monthly payment schedules. Also , depends on equipment’s age. We’ll work with you to match the payment frequency and term length to your cash-flow cycle.
How are my rates determined?
Rates are based on a combination of factors: your business credit history, loan term, down payment amount, and the residual value or age of the equipment However, Our team will get you the lowest rates possible according to your profile.
What after-deal support can I expect?
We’re here long after funding. Whether you need help with documentation changes, refinancing, or planning your next asset purchase, TruCapital’s team remains available to guide you.
