Commercial Van Financing

How Commercial Van Financing Works

We’ve built our financing process for serious business owners who are ready to move fast.

Whether you're purchasing from a dealer, private seller, or auction site — here’s what to expect:

Step 1: Fill Out Your General Profile
Start by answering a few quick questions about you and your business.
No credit check. No pressure. Just enough to understand your goals and get the ball rolling.

Step 2: Complete Your Business & Ownership Profile
Next, you’ll enter a few more details:

• Business name and time in operation (EIN, business address, annual sales)

• Owner information (SSN, % ownership, home address)

• Equipment you're looking to finance

You’ll also upload:

• 3 months of business bank statements

• Driver’s license or CDL

• Bill of sale, invoice, or website link for the equipment

Step 3: We Review & Match Within 24 Hours
Once we have your full profile and documents, our underwriting team reviews everything within 24 hours.

We evaluate:

• Time in business (2+ years preferred)

• Credit score (650+ ideal)

• Monthly cash flow (we look for $5,000+ ending balance)

From there, we match you with a trusted lender that fits your profile and equipment needs.

Step 4: You Get an Approval — Fast
If you're a good fit, you’ll receive an approval with:

• Rate range

• Estimated monthly payment

• Term length and down payment (if any)

From there, it's just a matter of signing docs and getting funded — often within 1–3 business days.

Tip: The more complete your submission, the faster we can move. Uploading bank statements, ID, and invoice upfront helps you skip the back-and-forth.

Commercial Van Financing Rates, Terms & Monthly Payment Estimates

Your rates and terms will depend on a few key factors — but if you’ve been in business for 2+ years, have a 650+ credit score, and average at least $5,000 in your business bank account, you're already ahead of the pack.

Typical Commercial Van Loan Terms

What Affects Your Rate?
We don’t believe in cookie-cutter approvals. Here’s what matters most:

• Credit Score: 650+ opens up lower-rate programs

• Time in Business: 2+ years unlocks better terms

• Cash Flow: $5,000+ in ending bank balance gives you options

• Equipment Type & Age: Newer vans may qualify for longer terms

Should You Lease or Finance Your Commercial Van?

Not sure whether to lease or finance? Here’s the breakdown:

Commercial Van Loan (Financing)
Best if you want to own the van long-term.

Pros:

• You own the van outright at the end

• Can finance new or used vans

• Lower total cost over time

Consider if:

• You plan to keep the van for 5+ years

• You want to build equity

• You want more flexibility with how you use the vehicle

Commercial Van Lease
Best if you want lower monthly payments or plan to upgrade often.

Pros:

• Lower upfront cost

• Lower monthly payments

• Easier to upgrade every few years

Consider if:

• You want to preserve cash flow

• You plan to swap vans often

• You’re using the van for a specific short-term contract

What's Right for You?
We offer both van leases and equipment loans — and we’ll help you decide based on your goals, cash flow, and tax situation.

Not sure what’s best?
Apply now and we’ll walk you through both options after reviewing your business.

Who Qualifies for Commercial Van Financing?

We work with established business owners who are ready to grow their fleet — not just fill out a form and hope for the best.

Here’s what we look for in an ideal borrower:

If you meet these — you’re already in a strong position to get approved.

We Finance All Types of Commercial Van Purchases:

• New or used commercial vans

• Dealer or private party sales

• Auction or online inventory

• Titled or non-titled vehicles

• Single vans or small fleets

Commercial Van Financing for Start-Up Businesses

Getting a van as a newer business can be challenging — but not impossible. We have specific programs for start-ups that meet certain experience and cash requirements.

Minimum Requirements for Start-Up Financing:

• 18+ months industry experience (delivery, service, logistics, or similar)

• Less than 2 years in business

• Minimum 20% down payment on the van

• Interest rates: Typically 12%–20% based on credit, down payment, and van age

• Maximum financing amount: Based on credit and cash flow, but generally higher than bad-credit programs

Best For:

• Owner-operators who have been working in the industry but recently started their own business

• Contractors taking on their first major equipment purchase

• Businesses looking to build credit history in commercial lending

Pro Tip: Start-up approvals move fastest when you can show steady income from contracts, side jobs, or W-2 work in the same industry.

Commercial Van Financing for Bad Credit

If your credit score is below 625, you’re not shut out of commercial van financing — but you should know what lenders expect.

Minimum Requirements for Bad Credit Financing:

• Credit score: Below 625

• Down payment: Minimum 50% of the purchase price

• Interest rates: Typically 15%–30% depending on the file strength

• Maximum financing amount: $45,000

• Van age: Generally newer vans are easier to approve, but we can review older units if they’re in good condition

Best For:

• Experienced operators who’ve had past credit challenges but have steady work lined up

• Businesses with a strong cash position but low credit scores

• Buyers looking to purchase lower-priced vans without tying up all their cash

Pro Tip: The bigger the down payment, the more likely we can get a bad-credit deal approved — and possibly at the lower end of the interest rate range.

Can I Write Off a Commercial Van Purchase on My Taxes?

Yes — and it’s one of the smartest reasons to finance a commercial van in 2025.

Thanks to the Section 179 tax deduction, business owners who finance a commercial van can potentially write off up to $1,250,000 of the purchase price — all in the same tax year, even if you didn’t pay in full.

Here’s how it works:

Need Help with Your Section 179 Strategy?

Many business owners use Section 179 to reduce their taxable income, especially when they’re upgrading or expanding their fleet.

If you’re on the fence about financing a van, it could literally pay to act before the end of the year.

Commercial Van Financing FAQs

Q: What credit score do I need to finance a commercial van?
We recommend a minimum credit score of 650 to get the best rates and terms. However, we can work with borrowers who have a lower score, especially if your business has strong cash flow.

Q: How much down payment is required?
Some of our borrowers qualify for $0 down, but most deals require a down payment of 10% to 20%, depending on the van’s age, your credit, and the lender's guidelines. The stronger your file, the less you’ll need upfront.

Q: How long does commercial van financing take?
Our process moves quickly. Once you submit your documents, we typically respond within 24 hours. Funding can happen in as little as 1 to 3 business days after approval.

Q: Can I finance a used commercial van from a private seller?
Yes — we work with dealers, private parties, and even auctions. As long as we can verify the van and title, we can structure a deal around it.

Q: What documents do I need to apply?
We’ll need:

• 3 months of business bank statements

• Your driver’s license or CDL

• The invoice, bill of sale, or a link to the van you want to buy

Pro Tip: Uploading all of your documents upfront speeds up review and approval — sometimes within the same day.

Q: Do you finance vans for start-ups?
Yes! Start-ups can qualify for financing, but we look for at least 18 months of experience in the same industry and a minimum 20% down payment. Start-up approvals move fastest when you show steady income from contracts, side jobs, or W-2 work in the same industry.

Q: Can I finance a refrigerated van or a box van?
Yes, we finance a variety of commercial vans, including cargo vans, service vans, delivery vans, refrigerated vans, and box vans.

Q: How can I save on taxes when financing a van?
Financing a van may allow you to take advantage of the Section 179 tax deduction, which lets you write off up to $1,250,000 of the purchase price in the same tax year. This can provide significant tax benefits while preserving your cash flow.