Commercial Truck Financing
From your first truck under new authority to a 20-unit fleet expansion — Northwood underwrites the entire spectrum of transportation financing.
- ✓Class 8 sleepers & day cabs
- ✓New-authority CDL program
- ✓ITIN accepted on used trucks
- ✓Fleet programs to $5M+
Programs for every stage
Trucking is one of the most underwriting-sensitive verticals in equipment finance — and one Northwood specializes in. We work with owner-operators just hanging their MC, established carriers expanding lanes, and fleets refinancing existing iron to free up working capital.
What we finance
- Class 8 sleepers and day cabs (new and used)
- Medium-duty box, dump and vocational trucks
- Dry-van, reefer, flatbed, lowboy and tanker trailers
- APUs, lift gates and aftermarket installations
Specialty programs
- New-authority CDL-only programs
- ITIN borrower acceptance on used trucks
- Refinance and cash-out on owned equipment
- Fleet programs to $5M+
Frequently asked questions
- Do you finance owner-operators with new authority?
- Yes. Northwood has a dedicated new-authority program for CDL holders who have just started their own MC. We require a valid CDL, clean MVR, and a down payment that varies by credit and truck age.
- What trucks and trailers do you finance?
- Class 8 sleepers and day cabs, Class 6–7 medium duty, box trucks, dump trucks, vocational chassis, dry-van, reefer, flatbed, lowboy and tanker trailers. Both new and used, from dealers, auctions and private parties.
- Can I finance a truck with bad credit?
- Yes. Programs accept FICOs down to 500 with appropriate down payments. CDL-only and ITIN borrowers are welcome on used trucks.
- How much down payment is required?
- Down payments range from 0% for established fleets with strong credit to 20% for new-authority and subprime borrowers. Trade equity counts toward your down payment.
Move freight. Build a fleet. We'll finance the wheels.
Speak with a Northwood funding specialist today. Most decisions in 24–48 hours.
- ✓ $25K–$5M available
- ✓ Funded in 2–5 business days
- ✓ All credit profiles considered
- ✓ No upfront fees, no prepayment penalties
Get My Equipment Options
Takes 60 seconds. Soft pull only.
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