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Lender. Loan type. Top features. Bank of America. Equipment loan. Available for commercial vehicles over 2.5 tons. Fixed interest rates as low as 6.75%. Loan terms up to 5 years
Lender. Min. credit score. Details. Bank of America. Not disclosed, but 700 for most Bank of America business loans. Loan amounts from $25,000. Terms up to 5 years
SBA loan program. Loan amount. Details. Standard 7(a) loan. Up to $5 million. Repayment terms up to 10 years. Interest rates between 11.50% to 16.50% depending on whether it is variable or fixed
Semi-truck financing average interest rates range from 7 percent to 35 percent. That said, the interest rate may exceed 35 percent, depending on your credit score, time in business and the lender ...
Most lenders offer their prime interest rates as low as 6 percent if you have a credit score in the upper 600s or higher. But if you have bad credit or you’re a first-time owner-operator, you ...
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You can find alternative semi-truck financing from banks, credit unions and fintech lenders ... one provides the best interest rates, repayment terms and loan features for your semi-truck purchase ...
What is a good interest rate for semi-truck financing?Semi-truck loan rates vary widely, ranging from as low as 6 percent to as high as 35 percent, depending on creditworthiness and lender. A good ...