If you’re shopping for a bucket truck and want to get financing fast, you’re probably wondering: What do I actually need to get approved?
We’ll keep it simple. Here are the real bucket truck financing requirements—no fluff, no guesswork.
Most approvals start with two things: a 650+ credit score and 2+ years in business. But there’s more to it than that. The better prepared you are, the faster your deal moves forward.
Let’s break it down.
The most important factor in getting approved is your personal credit score.
Minimum required: 650 FICO
Best rates: 700+ FICO
Subprime (under 650): May still qualify with a higher down payment and stronger business history
Most lenders use your personal credit as a risk gauge—especially if your business is small or doesn't have deep financials. A strong score signals that you manage debt responsibly, making your application easier to approve.
If you’re not sure where you stand, don’t worry. TruckLenders USA offers a soft-pull prequal—no hard credit check required.
Lenders want to see stability. That’s why 2+ years in business is a key part of most bucket truck financing requirements.
2+ years: Standard requirement for approval
1–2 years: May qualify with strong credit and consistent revenue
Startups (under 1 year): Higher risk—approval unlikely without major compensating factors (e.g., high cash reserves or co-signer)
If you’re just starting out, we recommend waiting until your business has more history before applying. Lenders want to see proof you’ll be around long enough to repay the loan.
There’s no exact number every lender uses, but $15,000+ in monthly business revenue is a strong benchmark.
That said, we don’t require tax returns or profit & loss statements in most cases.
What we’ll ask for instead:
3 most recent business bank statements
A quote or invoice for the truck you’re financing
Basic info about your business and operations
If your revenue is seasonal (common for tree service and utility crews), just let us know—we can work around that.
Down payments are often the difference between an approval and a denial—especially if your credit is borderline.
Here’s what to expect:
Good credit (650–700): 10%–15% down
Excellent credit (700+): 0%–10% down in some cases
Lower credit (under 650): Expect 20%+ down to get approved
Lenders want to see that you have skin in the game. A reasonable down payment also reduces your monthly payment and increases your chances of approval—especially if you’re buying a used bucket truck.
To meet most bucket truck financing requirements, your business should be properly structured.
Preferred business types:
LLC
Corporation (Inc, S-Corp)
Sole Proprietor with DBA (accepted but may limit options)
What you’ll need to provide:
Business name and EIN
Valid driver’s license
Voided check or bank letter
Business bank statements (3 months)
CDL license (only required if truck requires it)
We do not require tax returns, profit & loss reports, or business plans. We also don’t ask for co-signers unless your file is borderline and you’re open to it.
You don’t need to spend weeks chasing down paperwork or waiting on a loan officer who doesn’t understand your business.
At TruckLenders USA, we make getting approved simple:
No hard credit pull to prequalify
No financials or tax returns required
Same-day approvals for most qualified applicants
Private party and dealer purchases allowed
Used bucket trucks up to 15 years old accepted
We specialize in bucket truck financing—that means we understand boom lifts, GVWR limits, CDL vs non-CDL units, and what resale value matters to lenders. You won’t have to explain your business or your truck to us.
If you’ve got:
650+ credit
2+ years in business
A valid business entity and steady revenue
You’re ready to move forward. Serious buyers don’t need to wait—we can get you a quote today, without a hard credit pull.
Learn more about our bucket truck financing program and see how we help contractors, utility crews, and service providers get funded fast.
Stop wasting time with banks and one-size-fits-all lenders. We make the process fast, clear, and built for business buyers.
