Applying for a commercial truck title loan is sometimes the only option to get the cash you need to keep your business alive. However, it can seem like a risky choice to put your commercial truck up as collateral. Some lenders charge heavy interest rates, especially to borrowers with bad credit.

The key is to find the right commercial title loan company that will offer a sum that reflects the value of your vehicle and break down payments into manageable chunks. We’ve put together this guide to advise you on how commercial truck title loans work and to share the best finance companies for your needs.


Our Picks for Commercial Vehicle Title Loans

We consider the companies listed below to be the best providers of commercial truck title loans. We’ll give an overview of each business and what they may be able to offer you.


Max Cash Title Loans

Max Cash Title LoansCashMax perfectly demonstrates the advantage that independent lenders have over banks: speed.

A 15-minute phone call may be all that you need to secure the cash you need with CashMax. The process can take weeks or even months if you use a bank.

Advantages of CashMax include:

  • Small loans possible: don’t ask for massive amounts of credit if you don’t need it!
  • Same-day approval for most loans
  • Approachable, give-us-a-call style via a phone call or visit the store
  • Big loans available depending on the value of trailers or automobiles
  • Excellent customer service

Contact Max Cash Title Loans Today




Loan Center

Loan Center ApplicationThis company, run by Wilshire Commercial Capital LLC, offers a massive range of commercial truck title loans. These can run up to $50,000 depending on the state.

As with CashMax, this business makes commercial truck title loans far more accessible than from a bank.

Other benefits of this lender include:

  • You can complete the application online or in a phone call for easy access.
  • Direct lending simplifies the process.
  • Terms of loans can range up to 48 months for repayment plans that are easy to manage.
  • No prepayment penalties!
  • Approachable, professional customer care


Contact Loan Center Today




How Do I Get a Title Loan Using My Commercial Truck?


1) Make Sure You Hold the Commercial Truck Title

Title loans require that only the owner/operators of a vehicle can apply for a loan. If you don’t possess the vehicle title, you may have difficulties securing the loan.

2) Choose a Lender

You can apply for a loan with a bank or an independent lender. A bank may seem a ‘safer’ service with better terms, but the process can be lengthy and inefficient in the short term.

3) Decide What Funding You Need

It’s best not to borrow more than you need if possible. Your vehicle may be worth a lot as capital, but it’s easier to pay back lower sums of cash.

4) Negotiate Terms with the Lender

Lenders will typically offer better terms for smaller loans. This process can call for re-assessing how much money your business can invest in the future, as you’ll need to free up cash for repayments.

5) Put Up the Truck as Collateral

Once you’ve decided on satisfactory terms for the commercial truck lien, you can sign the contract.

You should have some money saved to help with the monthly payments. That way, when the first payment comes due for the truck title loan, you can be ready to cover it with ease.


How Much Can I Get for a Semi-Truck Title Loan?

You may get an offer between $2,500 and $50,000 for semi-truck title loans. The amount you can borrow depends on several factors:

  1. Value of the vehicle. If your Semi Trucks value isn’t worth over $20,000, you won’t be able to borrow more than $20,000!
  2. Ability to repay. If you have a bad credit score, the company financing your loan may offer less money or call for steeper terms.
  3. Your financial needs. You may be refinancing to avoid repossession: in this case, you could borrow just as much cash as you need for this purpose. On the other hand, if you need financing for unforeseen expenses, your truck may be the only capital you have capable of securing the cash you need.

What's your most valuable asset? Your commercial truck may be worth more than you think

Can I Get a Loan Without a Title?

The short answer is no. A commercial truck title loan will call for you to possess the vehicle’s title.


Is It Hard to Get a Title Loan?

It shouldn’t be challenging to get a commercial truck title loan. Some commercial lending companies allow you to secure the loan online without visiting a store or with a phone call.


How Do Trailer Title Loans Work?

As a type of equity loan, the basic structure of semi-truck title loans is that the owner/operators offer the vehicle as collateral to the financing party. The truck is capital that acts as insurance if the borrower can’t come up with the cash to repay the finance company.

Can I Get a Loan on My Trailer?

Trailers are eligible for truck loans. Semi-truck title loans can provide a substantial injection of cash for your trucking business, as trailers are generally very valuable. It’s your call, but the process of using an equity loan is often an easier way to shore up credit quickly than ‘tightening your belt.’

Finance companies will often offer big money in credit for commercial truck title loans against trailers. Just be sure you can make the repayments!

Can You Still Use Trailers for Business with a Semi-Truck Title Loan?

Trailers may be essential to your business functioning properly. We understand that if your business depends on trailers, you may be nervous about putting up your big rig as capital.

You’re free to use any commercial vehicle for business as long as you’re up-to-date with the process of repaying your commercial vehicle title loan. Only if you run out of credit will the business lending you money call in the debt and repossess the truck.


What Kind of Commercial Trucks Qualify for a Title Loan?

As long as you hold the title, you can put up any commercial vehicle as insurance for a title loan, including:

  1. Cement trucks
  2. Dump trucks
  3. Log trucks
  4. Asphalt trucks
  5. Box trucks
  6. Semis and 18-wheelers
  7. Trailers


Can I Get a Loan Against My Truck?

From commercial big rigs to dump trucks, all kinds of vehicles can be put up as capital by an owner when you need a title loan. As long as you are the vehicle owner and are free to offer it as capital against a loan, lending companies can offer you cash loans.


Can I Get a Title Loan on a Company Car?

Sure—as long as you’re the owner of the car you can secure the loan. Any vehicle owned by a business will work for title loans provided that you can provide the title.

Of course, company cars may have less capital as collateral than commercial trucks, so you should consider:

  1. Which vehicle is most essential to your business? Putting up less valuable vehicles minimizes risk if you can’t repay.
  2. Which vehicle is likely to get you the sum you need? It’s no good offering up a company car as collateral if you’re going to have to refinance or put a truck up as collateral a few months down the line.


What States Are Title Loans legal?

Title loans are legal in the following states:

  • Arizona
  • Delaware
  • Georgia
  • Idaho
  • Illinois
  • Missouri
  • Mississippi
  • Nevada
  • New Mexico
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Wisconsin


Should Truck Title Pawn Loans Be Avoided?

Unscrupulous finance companies with extortionate terms have created an aura of fear around this field. Horror stories abound of impossible repayment terms and sketchy methods of recouping payment when a borrower defaults.

This situation is avoidable when you work with a trustworthy financing company.


What Happens When You Default on a Commercial Title Loan Where Your Title Is Held as Collateral?

You should try to avoid defaulting at all costs, as you can lose your truck. Defaulting can also give you a very bad credit score. It will make lending companies far less willing to offer you credit in the future.


Verdict: Find a Lender Who Understands Your Needs

Making the best decision for your business when you need cash most is difficult. We understand that. We also understand that nothing comes for free, which is why many businesses balk at the idea of putting up their prized assets as collateral while having to meet repayment terms.

However, this kind of arrangement can be highly beneficial in the long term and is certainly better than running out of cash. Give us a call today to speak with one of our recommended finance companies and discuss the best commercial truck title loans for you today.