Best Dump Truck Financing and Loan Options
The right dump truck loan will vary based on the truck you want to purchase and your business's qualifications.
Sort by:
- Default
- NerdWallet rating (high to low)
- Max loan amount (high to low)
- Min. time in business (low to high)
- Min. interest rate (low to high)
- Term length (high to low)
Default | Lender | NerdWallet rating | Best For | Max loan amount | Min. time in business | Min. interest rate | Term length | Learn more |
|---|---|---|---|---|---|---|---|
 with Fundera by NerdWallet | Read expert review | low interest rates | $750,000 | 24 months | Undisclosed | Up to 5 years | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | long-term financing | $5,000,000 | 24 months | 9.75% | Up to 25 years | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | zero down financing | $250,000 | 24 months | 5.99% | 12 months to 5 years | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | startups | $150,000 | 6 months | Undisclosed | 24 months to 5 years | with Fundera by NerdWallet |
 with Fundera by NerdWallet | bad credit | Undisclosed | 6 months | 7.5% | 24 months to 6 years | with Fundera by NerdWallet | |
 | used dump truck financing | Undisclosed | Undisclosed | 10% | Undisclosed | ||
 | customizable loans | $1,000,000 | 24 months | Undisclosed | Undisclosed |
best dump truck financing options: More details
Bank of America: Best for low interest rates
Established businesses with good credit can access competitive interest rates on Bank of America’s dump truck loans.
Bank of America - Equipment loan
with Fundera by NerdWallet
Max loan amount
$750,000
Min. credit score
700
Term length
Up to 5 years
Pros
- Competitive interest rates.
- Longer repayment periods.
- Bank of America’s Preferred Rewards program can offer interest rate discounts and other perks.
- Fee discounts available for veteran-owned businesses.
Cons
- Charges an origination fee.
- Prepayment fees may apply to early repayments.
- Can be slow to fund.
- Application cannot be completed online.
Pros
- Competitive interest rates.
- Longer repayment periods.
- Bank of America’s Preferred Rewards program can offer interest rate discounts and other perks.
- Fee discounts available for veteran-owned businesses.
Cons
- Charges an origination fee.
- Prepayment fees may apply to early repayments.
- Can be slow to fund.
- Application cannot be completed online.
with Fundera by NerdWallet
U.S. Small Business Administration: Best for long-term financing
SBA 7(a) loans offer repayment terms up to 10 years for equipment uses, like purchasing a dump truck.
Low interest rate
SBA 7(a) loan
with Fundera by NerdWallet
Max loan amount
$5,000,000
Min. credit score
650
Term length
Up to 25 years
Pros
- Large borrowing maximums.
- Interest rates are capped.
- Long repayment terms available.
Cons
- Collateral is typically required.
- Longer processing times than online lenders.
Pros
- Large borrowing maximums.
- Interest rates are capped.
- Long repayment terms available.
Cons
- Collateral is typically required.
- Longer processing times than online lenders.
with Fundera by NerdWallet
Triton Capital: Best for zero down financing
Triton Capital can help you finance the purchase of a new or used dump truck with no down payment required.
Triton Capital - Equipment financing
with Fundera by NerdWallet
Max loan amount
$250,000
Min. credit score
575
Term length
12 months to 5 years
Pros
- Can fund within one to two business days.
- No prepayment penalty.
- Flexible repayment options: monthly, quarterly, annually or semiannually.
Cons
- Charges an origination fee.
- Requires higher annual revenue than other online lenders.
Pros
- Can fund within one to two business days.
- No prepayment penalty.
- Flexible repayment options: monthly, quarterly, annually or semiannually.
Cons
- Charges an origination fee.
- Requires higher annual revenue than other online lenders.
with Fundera by NerdWallet
National Funding: Best for startups
National Funding can offer dump truck financing to startups with a minimum of six months in business.
National Funding - Equipment financing
with Fundera by NerdWallet
Max loan amount
$150,000
Min. credit score
600
Term length
24 months to 5 years
Pros
- Funding in as little as 24 hours.
- Prepayment discounts available.
- Offers loans to startups and borrowers with bad credit.
- No collateral or down payment required.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Requires higher annual revenue than other online lenders.
- Can't be used to built business credit.
- Charges an origination fee.s a factor rate that makes it more difficult to compare costs with other lenders.
Pros
- Funding in as little as 24 hours.
- Prepayment discounts available.
- Offers loans to startups and borrowers with bad credit.
- No collateral or down payment required.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Requires higher annual revenue than other online lenders.
- Can't be used to built business credit.
- Charges an origination fee.s a factor rate that makes it more difficult to compare costs with other lenders.
with Fundera by NerdWallet
eLease: Best for bad credit
You may be able to qualify for a dump truck loan from eLease with a personal credit score of 550 or higher.
eLease - Equipment financing
4.0 NerdWallet rating
with Fundera by NerdWallet
Max loan amount
Undisclosed
Min. credit score
550
Term length
24 months to 6 years
Pros
- No loan or leasing maximums.
- No minimum revenue requirement.
- Startups and low credit scores accepted.
Cons
- Must apply over the phone.
Pros
- No loan or leasing maximums.
- No minimum revenue requirement.
- Startups and low credit scores accepted.
Cons
- Must apply over the phone.
with Fundera by NerdWallet
CAG Truck Capital: Best for used dump truck financing
CAG Truck Capital specializes in commercial truck loans and can finance a variety of dump truck options. This lender also offers a unique program dedicated to financing used, high-mileage vehicles.
CAG Truck Capital - Commercial truck financing
Max loan amount
Undisclosed
Min. credit score
Undisclosed
Term length
Undisclosed
Pros
- Specialty direct lender with over 40 years of experience in truck financing.
- Can fund startups and borrowers with bad credit.
- Offers a dedicated program for financing high mileage trucks, with engine overhaul included.
Cons
- Minimum down payment of 20% required; may be higher based on your qualifications.
- Limited information about interest rates, terms and qualifications disclosed online.
Pros
- Specialty direct lender with over 40 years of experience in truck financing.
- Can fund startups and borrowers with bad credit.
- Offers a dedicated program for financing high mileage trucks, with engine overhaul included.
Cons
- Minimum down payment of 20% required; may be higher based on your qualifications.
- Limited information about interest rates, terms and qualifications disclosed online.
Commercial Fleet Financing: Best for customizable loans
CFF offers dump truck financing with customizable terms and repayment options. The company’s lending representatives provide expertise in the construction industry to help you find the best loan option for your individual needs.
Commercial Fleet Financing - Equipment financing
Max loan amount
$1,000,000
Min. credit score
640
Term length
Undisclosed
Pros
- Offers specialized experience in trucking and construction industries.
- Can fund applications as fast as 24 hours.
- Established businesses may not need to provide a personal guarantee.
Cons
- Borrowers with lower credit scores may need to provide a 20% down payment.
- Interest rates not disclosed on the website.
Pros
- Offers specialized experience in trucking and construction industries.
- Can fund applications as fast as 24 hours.
- Established businesses may not need to provide a personal guarantee.
Cons
- Borrowers with lower credit scores may need to provide a 20% down payment.
- Interest rates not disclosed on the website.
Jump to
What is a dump truck loan?
How does dump truck financing work?
Where to get dump truck financing
How to finance a dump truck
Frequently asked questions
What is a dump truck loan?
A dump truck loan is a small-business loan that’s used to buy a new or used dump truck.
Because dump trucks can be expensive, a loan allows you to pay for the vehicle over time, instead of all at once.
This helps preserve more of your capital to cover other business expenses while still using the new dump truck to generate cash.
Like other types of equipment financing, dump truck loans use the vehicle you buy as collateral. This means that if you don’t repay your loan, the lender can take your truck and sell it to recover its losses.
How does dump truck financing work?
Dump truck loans are typically structured as traditional term loans. Here’s how they work:
1. You receive a lump sum of money.
The amount you can borrow depends on the lender. For example, lenders often have different maximum amounts they're willing to let you borrow, and many require a down payment.
2. You repay the loan with interest.
- Repayment terms: 12 to 60 months, but may be longer, depending on the type of dump truck.
- Interest rates: 5% to 36% APR.
- Payments: Usually made on a monthly basis.
3. You lose your truck if you fail to make payments.
Like a personal auto loan, if you fail to repay your loan on a dump truck, your lender may repossess it.
🤓
To get the best dump truck financing terms, it’s helpful to have good credit, strong finances and multiple years in business. If your credentials aren’t quite where you want them to be, consider offering a larger down payment (or offering one when it’s not required) or additional collateral (e.g. equipment, real estate, inventory), to help you access better interest rates and terms. Nerdy Tip
Where to get dump truck financing
You can get dump truck financing from several different types of lenders, such as traditional banks and credit unions, online lenders and specialized commercial truck lenders. Here’s an overview of each:
Banks and credit unions
Best for: Established businesses looking for the lowest rates.
- Interest rates and terms: Likely lowest rates and long terms.
- Qualification requirements: Strict; often need good credit and multiple years in business.
- Funding speed: Slower to fund compared to other types of lenders.
- Unique features: May offer SBA commercial vehicle loans with long repayment terms and slightly easier qualification, but still slow to fund.
Online lenders
Best for: Quick funding; borrowers who can’t qualify for bank loans.
- Interest rates and terms: Higher interest rates compared to business bank loans.
- Qualification requirements: Flexible; can offer startup funding or equipment financing for bad credit.
- Funding speed: May fund in as little as 24 hours.
- Unique features: Streamlined application process with minimal documentation.
Specialized commercial truck lenders
Best for: Tailored options for truck financing.
- Interest rates and terms: Competitive interest rates with customized options.
- Qualification requirements: Flexible; can offer better repayment schedules and less restrictive qualification requirements.
- Funding speed: Varies; can be more flexible with payment schedules and funding speed.
- Unique features: Industry-specific expertise, offering customized financing and personalized funding experience.
How to finance a dump truck
You can finance a dump truck by following these five steps:
1. Determine your financing needs and potential down payment
Think about what type of dump truck you want to buy and how much it’s going to cost. Keep in mind that you may also have to pay soft costs, such as delivery, warranties or installation, when making your purchase.
You should also consider how much of a down payment you may be able to provide. Some lenders require a down payment of at least 10% of the loan amount. In general, a larger down payment can help you access better interest rates and loan terms.
Use our semi truck loan calculator to estimate your payments and overall cost.
2. Evaluate your business’s qualifications
Although specific requirements vary, most lenders consider your:
- Credit score. Many dump truck lenders want to see a credit score in the mid 600s or higher. Some lenders are more flexible, but these options may come with higher interest rates.
- Annual revenue. Dump truck financing companies may not have a specific annual revenue requirement or may not disclose one upfront. Nevertheless, most lenders will look at your revenue and cash flow as part of their underwriting process. A strong financial history can help you qualify for the most competitive trucking business loan options.
- Time in business. Because dump truck purchases can be expensive, lenders often prefer you to have at least a few years in business under your belt. If, however, you have good credit or can provide a large down payment, some lenders may work with younger companies.
3. Get a quote for the dump truck you want to buy
Most lenders will ask you to provide a quote as part of your financing application. You should browse vendors and suppliers to find the type of dump truck you want to buy and see which company can offer the best price.
4. Compare dump truck financing companies
You should research and compare multiple financing companies to find out which one can offer you the best deal (that you can qualify for). As you evaluate your options, consider factors such as available loan amounts, repayment terms, interest rates, additional fees, funding speed and application process.
5. Gather your documents and apply
In addition to a quote, most lenders will want you to provide bank statements, financial statements and tax returns as part of your loan application. Make sure to gather the most accurate, up-to-date information to help expedite the process.
Keep in mind that banks and credit unions may require you to visit a branch location to apply. These lenders will likely require more documentation (and be slower to fund) than online or direct dump truck lenders.
Frequently asked questions
A credit score in the mid-600s or higher will help you qualify for the most dump truck financing options. Some lenders, however, can work with borrowers who have bad or limited credit. Triton Capital, for example, accepts credit scores as low as 575.
For established businesses with good credit, it should be fairly easy to get dump truck financing. It may be more difficult to qualify, on the other hand, for newer businesses or those with bad credit. These companies might offer additional collateral (aside from the truck they're buying) or a large down payment to increase chances of approval.
Many dump truck lenders require a minimum down payment of 10% to 20% or more. Although some lenders offer dump truck financing with no down payment, providing money upfront can make it easier to qualify, as well as help you access better rates and terms.
Typical repayment terms on dump truck financing can range from 12 to 60 months, or even longer. In general, a lender will not offer a term longer than the anticipated lifespan of the truck you’re buying.
Last updated on March 9, 2026
How Fundera by NerdWallet works
Getting a business loan can be challenging, and several factors —
cost, speed, repayment schedule — can play a role in deciding which
product is right for you. Let us help you through the process.
Fill out one simple application
Answer a 3-minute questionnaire about your business to get personalized lending options. It’s free and won’t impact your credit score.
See your business loan options
Compare interest rates and repayment terms to choose the best product for your needs.
Get your loan
If the lender approves you, you’ll sign closing documents in order to receive funds. Some lenders can approve and fund loans within one business day.
Methodology
NerdWallet’s review process evaluates and rates small-business loan products from traditional banks and online lenders. We collect over 30 data points on each lender using company websites and public documents. We may also go through a lender’s initial application flow and reach out to company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.
Our star ratings award points to lenders that offer small-business friendly features, including:
- Transparency of rates and terms.
- Flexible payment options.
- Fast funding times.
- Accessible customer service.
- Reporting of payments to business credit bureaus.
- Responsible lending practices.
We weigh these factors based on our assessment of which are the most important to small-business owners and how meaningfully they impact borrowers’ experiences.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodology for small-business loans and our editorial guidelines.
