Know Exactly What It Takes to Get Approved—Before You Apply
If you're an HVAC contractor, plumber, electrician, or telecom technician looking to finance a utility truck, you don’t have time for guesswork. You want clear answers, fast decisions, and zero surprises.
This page breaks down the utility truck loan requirements step-by-step—so if you're a qualified buyer, you can apply with confidence and get approved quickly. No tax returns, no hard credit pull, and no wasted time.
Your credit score plays a major role in loan approval—but we’re not looking for perfection. Here's what to know:
650+ FICO is the standard for easy approval
600–649 may still qualify with a stronger profile (e.g., higher revenue or down payment)
We use soft credit pulls only, so checking your eligibility won’t impact your score
Below 600? You’ll likely need a co-signer, larger down payment, or prior relationship with us
If you’ve built a solid payment history—even with a few dings—we’ll do our best to get you approved.
Lenders want to know your business has staying power. That’s why time in business is one of the most important utility truck loan requirements.
2+ years in business is ideal
Startups (6–24 months) may qualify case-by-case, especially with strong credit or contracts
DBA-only businesses are reviewed individually—having an LLC or Corp helps
Consistent revenue and operational history = stronger approval odds
Not sure if your business age qualifies? Apply anyway—our team can review and guide you through next steps.
Your monthly business revenue helps us gauge your ability to repay the loan. We don’t require tax returns—but we do look for consistency.
$15,000/month or more is our baseline for most approvals
Businesses making $20K–$50K+ per month may qualify for longer terms or multiple vehicles
We typically ask for 3 most recent bank statements to verify activity
Even if you’re just under the threshold, we can often structure a deal—especially if you have a solid customer base or other strengths.
We work with real businesses, not consumers. That’s why having the right entity setup is one of the key utility truck loan requirements.
We accept:
LLCs
Corporations (Inc, S-Corp, C-Corp)
Sole Proprietorships (must have EIN)
To apply, you'll need:
EIN (Employer Identification Number)
Business checking account
Optional: Business license (depending on your state or trade)
If you're currently operating as a DBA, we may still be able to help—but having a legal entity makes the process smoother.
We keep paperwork to a minimum so you can focus on running your business. Here’s what you’ll need to get started:
Equipment Invoice or Listing
New or used truck
Dealer or private seller
Can be a PDF, email, or online ad (Craigslist, Facebook, etc.)
Driver’s License
From the owner or signer on the loan
Basic Business Information
Entity name, address, phone
EIN and business checking account info
No tax returns. No profit-and-loss statements. No balance sheets.
Our fast-track process is built for busy contractors.
We’re not a general lender or bank—we’re built specifically for service businesses that need trucks and equipment to do their jobs.
Here’s why thousands of contractors choose TruckLenders USA:
30+ Years in Commercial-Only Equipment Financing
No Tax Returns or Financials Required
Soft Credit Pulls for Prequalification
Fast Decisions and Funding Up to $250K
Dealer or Private Seller Transactions Accepted
Our process is built for speed, simplicity, and real-world businesses—not paperwork and delays.
If you’ve got:
650+ credit
2+ years in business
$15K/month in revenue
A vehicle picked out or ready to shop
...then you’re in a great position to get approved for financing today.
Check out our utility truck financing hub page » to explore all options, truck types, and loan structures.
