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Compare banks that offer semi-truck loans Banks offer big-rig financing in the form of equipment loans. These are designed to help businesses purchase major assets, including semi trucks and trailers.
Penske Truck Rental is an operating unit of Penske Truck Leasing that has more than 2,500 consumer truck rental locations across the United States and Canada. Penske rents commercial semi-trucks, straight trucks and semi-trailers to businesses that haul freight. Its truck rental fleet has more than 85,000 units.
A common property-carrying commercial vehicle in the United States is the tractor-trailer, also known as an "18-wheeler" or "semi".. The trucking industry serves the American economy by transporting large quantities of raw materials, works in process, and finished goods over land—typically from manufacturing plants to retail distribution centers.
As semi trucks are an expensive asset, financing is appealing to many businesses. Some common uses for semi-truck financing include: Purchasing a new or used truck with the potential to avoid a ...
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
Key takeaways. Semi-truck financing can be easier to secure than other business loans, even if you are a new business or have bad credit. Businesses can take advantage of depreciation and the ...
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