A Fast, Clear Guide for Towing Business Owners
Looking to expand your fleet or purchase your first truck? You’re in the right place. If you're wondering how to finance a tow truck, this guide walks you through exactly what to expect—no fluff, no delays, and no hard credit pull.
At TruckLenders USA, we specialize in commercial vehicle financing, helping business owners secure tow truck loans quickly and easily. If you have 650+ credit, 2+ years in business, and generate at least $15,000/month in revenue, you’re in a great position to get approved.
Let’s walk through the full process—from prequalification to funding—in five simple steps.
Before shopping for a truck, you need to understand what lenders are looking for. Most commercial lenders (including us) follow a clear set of criteria. If you meet these, your approval chances are strong.
To qualify, you typically need:
If you’re unsure whether you meet these standards, check out our full breakdown of tow truck financing requirements.
We only perform soft credit pulls, so checking your eligibility won’t impact your score.
Next, decide whether you're buying new or used. Both options are financeable, but each has trade-offs:
New Tow Trucks
Used Tow Trucks
TruckLenders USA finances both new and used tow trucks, including flatbeds, wreckers, rollbacks, wheel-lifts, and integrated units. Whether you're buying from a dealer or private party, we can help.
Once you've picked out a truck, you’ll need the invoice or listing from the seller. This document is required for underwriting and ensures the deal is legitimate.
What we accept:
You don't need to pay or commit to the truck yet—just secure the listing to move your loan forward.
Now that you have your truck selected and listing in hand, it’s time to apply. But here’s the catch: not all lenders are built for towing businesses.
If you apply with a general bank or personal auto lender, you’ll run into delays and red tape—especially if you're buying from a private seller.
Here’s why you should only apply through a commercial vehicle lender:
At TruckLenders USA, our entire process is designed for commercial operators. We won’t ask for profit-and-loss statements or dig into your personal finances. Just a simple application, soft credit pull, and business documentation—that’s it.
Once you apply, the underwriting process typically takes 24 to 48 hours. If you meet the requirements and your truck listing checks out, you’ll receive an approval with terms tailored to your file.
When you're ready to move forward:
Most deals fund within a few business days of submission. If you’re motivated and responsive, we can move even faster.
If you're serious about buying a tow truck and want to avoid delays, working with the right lender makes all the difference.
Here’s why towing businesses across the country trust TruckLenders USA:
We don’t try to sell you anything. We just help you get the equipment you need to grow your business.
Now that you know how to finance a tow truck, the next step is simple—get prequalified. If you meet the basic requirements (650+ credit, 2+ years in business, $15K/month revenue), you can get approved without a hard credit pull or tax returns.
→ Prequalify now – no hard credit pull
Need more info about loan terms, truck types, or approval timelines? Visit our tow truck financing hub for a complete overview.
