Big Rig Title Loans: Low Rates, Fast Approval


Every year, countless people will use commercial truck title loans to secure the funds they need immediately.

Are you in a similar situation?

If you need a large sum of money right away, this type of loan may be the perfect solution.

It can be secured for thousands of dollars with terms that give you years to pay it back.

Why Commercial Truck Title Loans Are So Popular


While you can use a semi truck title loan for just about any reason, most people secure funds this way because they are the owner-operator of a trucking business.

Expanding any business is never a cheap goal.

It often requires even more money than the initial investment it took to start the business in the first place.

This is especially true for a trucking company. The rigs themselves can easily cost $80,000 and that’s before you factor in recurring fueling costs and the investment it takes to hire drivers.

So, it makes sense that many of these business owners take out commercial truck title loans to help pay for expansion or to cover bills during a time of financial hardship. There are countless other reasons owners may need working capital to help their businesses, too.

That’s when commercial truck title loans can be so helpful.

For one thing, they already own their semi trucks. Each of these vehicles is essentially another opportunity to secure large sums of money for almost any reason. Again, these funds could be used for business purposes – and often are – but no loan term ever stipulates what the money has to be spent on. Many people simply want to pay off a burdensome debt or have an unanticipated medical bill they need to cover.

How Commercial Truck Title Loans Work


Despite how much money you can receive, the way commercial truck title loans work is actually extremely simple.

In short, you can use your commercial trucks as collateral for the money you need. You turn over your commercial truck title in exchange for the funds you need. If you are unable to pay back the loan, the lender will be able to sell your semi truck in order to recoup the money they lost.

However, once you repay the amount you owe, you receive the title back. The truck is yours again, free and clear. It’s as easy as that.

Benefits of Commercial Truck Title Loans


Although many loaning options exist for business owners, it’s easy to argue that commercial truck title loans are almost always one of the best for most people. Here are three reasons vehicle title loans in the trucking industry are often a great idea.

1. Credit Scores Aren’t a Factor

Many borrowers who desperately need money never get very far into the process because of their bad credit scores. If this sounds familiar, you’ll be thrilled to know that bad credit doesn’t need to be an issue.

As we already covered, commercial truck title loans are provided in return for the vehicle’s titles as collateral. Therefore, credit scores really don’t play a role in the amount you can receive or even the terms you’ll be given.

After all, if you don’t pay your loan back, the lender can cover their loss by selling your truck, so it doesn’t really matter what kind of credit score you have.

Of course, even if you have good credit, this is often welcome news for business owners. If you’ve just recently started your business or otherwise used your credit to invest in its operation, now might not be a great time to take out other types of loans.

That’s because your credit utilization ratio is probably not very favorable. So, while you may still secure a loan, it might not offer the kinds of terms you want even though you have a history of making all your payments on time.

2. Monthly Payments Are Predictable

Speaking of which, you can expect that every loan term is going to be simple and straightforward. If you’re wary about taking on complicated monthly payments and hidden terms, we’re happy to report that our borrowers don’t suffer from this problem. Our terms are clear and easy-to-follow.

Furthermore, we don’t charge prepayment penalties to our customers. So, if you wish to pay back your loan sooner than necessary, that’s completely fine. Many other lenders actually charge extra fees when that happens, but this is not part of our lending practices.

3. You Don’t Have to Quit Using Your Semi Truck

One of the best parts of commercial truck title loans is that you don’t actually have to give up use of your vehicle. You can continue driving it just as you always have, so there’s no reason this kind of loan needs to cut into your business.

A lot of customers appreciate this because they don’t necessarily want people to know they’ve required a loan because of financial problems. When discretion is important, commercial truck title loans are often the perfect solutions.

3 Simple Steps to Securing Commercial Truck Title Loans


As you could probably tell from reading that last sections, many of the benefits associated with commercial truck title loans are unique to our company.

At TFC Loans, we’ve been lending to people just like you since 1994. Over the years, we’ve also worked hard at perfecting our process to make it as simple as possible for our customers to get the money they need.

1. Provide Necessary Documentation

Our online application makes it extremely easy to provide the documentation required to initiate the lending process. We need your name, phone number, email address, and the year and make of your commercial truck.

Aside from that basic information, we also require the following documentation:

2. Send Us a Picture of Your Semi Truck

We also need pictures of your semi truck just to corroborate that it’s the make and model referenced in the application process and what kind of condition it’s in.

3. Visit Us for an Inspection

At this point, one of our inspectors will need to look at your vehicle in person. This process only takes a few minutes. We also have a number of convenient locations throughout the Southwest. Most of these make us a fantastic alternative option over traditional big rig California financing.

Here’s where you can visit us:

4. Receive Your Funds

That’s really all there is to it. Once we’re able to inspect your commercial truck, we can offer you a loan that same day. Our valuation will be based largely on its current value according to Kelley Blue Book, so you’ll have a good idea what kinds of funds you’ll receive beforehand.

Give Us a Call for Commercial Truck Title Loans


Are you interested in securing a semi truck title loan? If so, we’d love to hear from you.

Whether you’re ready to begin the process right away or you’d like some more information before starting the application, contact us today. Even though we’ve made every effort to make our commercial vehicle title lending process as easy as possible to complete, we are more than happy to answer any questions you may have.

TFC Title Loans is fully licensed and bonded by DBO.