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The Best Dump Truck Finance Companies

Posted On: January 12, 2023 author Paul Kendall

Your dump truck business obviously needs a big truck as a foundation. However, choosing among the best big truck finance companies can be a struggle.

Now, you can’t just settle on the first business finance company you find when choosing among the best big truck finance companies. There are a lot of big truck finance companies out there and you’ll never know which one you’ll find first.

I know the first offers you get to hear can sound like they’re enough to suit your needs.

However, it’s inefficient to make such a hasty decision on a business loan when choosing among the best big truck finance companies to help finance a dump truck business .

It’s not good to grow your business to disregard other options without reviewing them first. This is true too of choosing from among big truck finance companies.

If you close yourself off from other options, you risk missing out on the best big truck finance companies. By not being open to other options, you won’t know if you’ve chosen the right dump truck finance company that best fits your budget.

Now, the job of dump trucks is to collect waste, right?

But that doesn’t mean you should waste your working capital by not reviewing your options for which big truck finance companies will give you the best business loan.

Finding the Best Big Truck Finance Companies


If you’ve been searching through the market, you’ll see that dump truck prices usually range from around $15,000 to $150,000, depending if you're buying a used dump truck or a new dump truck.

Now, unless your dirt hauling business has thousands of dollars to spare, paying that sum of working capital up front for a truck will be difficult because you still need working capital for insurance, gas and to live on.

This is why you should start looking at big truck finance companies in the first place. If you need  a new dump truck but lack the working capital to actually make a purchase, big truck finance companies can help you out.

However, you also need to be smart when choosing among big truck finance companies. You might be able to purchase your dump truck now (if you ever do, that is), but monthly payments and other fees might come and bite you.

If you’re struggling to choose from among big truck finance companies, this blog can give you a hand. So, let’s narrow down your best choices of big truck finance companies that offer the best business loans!

Balboa Capital

Now, first on our list of big truck finance companies is Balboa Capital. By partnering up with them, you can get dump truck loans from $2,000 to $500,000.

You can even choose to finance one affordably-used dump truck or multiple new dump trucks. This means that they’re one of the big truck finance companies that can help you get started on a large fleet.

The interest rate you will qualify for will mainly determine how much your dump truck financing will cost.

When it comes to repayment terms, they can vary from 2 to 5 years. Your repayment term will be largely determined by your business credentials and the projected life of the dump truck.

Just beware of some of the reps offering you quarterly payments and quoting a low 6% rate on those quarterly payments when in fact the rate is a lot higher. 

This means that you can have a longer repayment term than usual in some cases. That is if you finance a dump truck that is projected to remain valuable as a piece of collateral for a longer time.

The Best Dump Truck Finance Companies - big dump truck


Balboa Capital

If you want to partner up with Balboa Capital, you would be glad to know that their requirements are straightforward.

Luckily, they only have a few requirements for those who want to get business financing for a dump truck:

  • $100,000 annual revenue,
  • 600 personal credit score,
  • A year in business,
  • At least 20% ownership represented in a funding application, and
  • At least 3 open trade lines.

 Requirements to Qualify

Now, to make your application with Balboa Capital a lot easier, you should come prepared. So, upon application, you'll need to present the following:

  • Certificate of Good Standing,
  • Voided business check, and
  • Copy of your driver’s license.

Some business owners may want to get business financing for more than $250,000 from Balboa Capital. In this case, they'll ask for additional documentation such as these:

  • Two years’ worth of balance sheet,
  • Two years’ worth of profit & loss statements, and
  • Two most recent business tax returns.


 eLease Capital

The next one on our list of big truck finance companies is eLease Capital.

Qualifying for a business loan or a truck loan with eLease Capital gives you a minimum of $3,000 with no upward limit of how large it can be.

This means you can easily get business financing for as much as $500,000 for a big truck.

The eLease Capital charge will include interest rates and an origination fee. On average, they will charge you around $500 for the origination fee upon funding the dump truck.

In terms of interest rates, eLease Capital interest rates range from 6% to 35%. On the other hand, eLease Capital will determine your repayment term lengths between 2 to 5 years.

For business owners wondering about their credit score requirements, you shouldn’t have to worry. This is because eLease Capital typically looks for a personal good credit of at least 600.

On that note, they don't immediately disqualify clients with personal bad credit or when it is below 600.

You should also note that when apply online for a business loan, you'll only need to bring your last three months of business bank statements.

Crest Capital

Next, you can consider partnering up with Crest Capital. For business owners who need big truck finance companies to help them, you can trust the good reputation that Crest Capital has.

You can get truck financing programs that amounts to around $5,000 to $500,000 with Crest Capital.

This differentiates Crest Capital from the two previously mentioned big truck finance companies. This is because Elease can finance lower amounts and Balboa Capital can finance larger amounts.

Crest Capital interest rates on equipment financing such as dump trucks start at 7%. Depending on the specific dump truck you want to finance, their flat administrative fee is usually around $575 for titled vehicles.

You can also avoid the hefty cost of capital by partnering up with Crest Capital. This is because their repayment terms usually range around 2 to 6 years.

Partnering Up with Crest Capital

Now, if you’ve chosen Crest Capital over other big truck finance companies, you should prepare to apply with a good credit score.

To qualify for Big truck financing with Crest Capital, you'll need to meet their minimum credentials:

  • 650 personal credit score, and
  • Two years in business.

 Requirements to Qualify

Their requirements are pretty reasonable, right? Now, if you do meet these credentials, you'll also need the following documents:

  • Proof of ownership,
  • Bank reference,
  • Dump truck quote, and
  • Dump truck seller’s contact information.

However, there are cases wherein business owners want to apply for dump truck financing that is worth more than $250,000.

If so, you'll need extra documentation, such as these:

  • Two years of financial statements,
  • Two years of small business tax returns,
  • Financial statements of all 20%+ owners, and
  • List of current business loans and equipment leases.


The Best Dump Truck Finance Companies - dump truckBig Truck Financing with Trust Capital

The best big truck finance option is to partner up with Trust Capital. Compared to other big truck finance companies, you’ll find that applying for Trust Capital can be easier and more flexible.

Trust Capital can adjust to your business's needs by offering seasonal payment options. This is why businesses who have off-peak seasons find it reassuring to partner up with them.

They’re also considered among the best big truck finance companies at helping startup companies get the boost that they need. Trust Capital has 80 reviews on Trust Pilot and has 5 stars from helping many business owners acquire the big dump trucks they need to ride on.

They also offer 3 to 6 months of deferred payment plans so you don't have to make payments for the first 3 or 6 months to allow you to start making money with your truck before your payments begin. Trust Capital also offers different agreement options if you want to finance a dump truck.

You can also create a loan as an Equipment Finance Agreement. This is where you get to own the dump truck and make regular payments until you're fully paid. This option allows customers to pay the loan off after 18 months and only pay the remaining principal left on the dump truck loans with out having to pay any remaining interest. 

In addition, they also have no prepayment penalty. You can agree to a $1 buy out lease, where you become the owner for only $1 after completing all payments.

You can also set a Terminal Rental Adjustment Clause Lease (or TRAC Lease) if you finance a dump truck. This structure will give you the lowest monthly payment. This combines all the advantages of your dump truck leasing while still giving you the option to purchase the dump truck at the end of the term.

You will be able to purchase your dump truck after a TRAC Lease at a predetermined residual that you agreed to at the start of the lease.

Partnering Up with Trust Capital

Just like other big truck finance companies, Trust Capital asks for a few requirements. Business owners can apply to lease a dump truck with these requirements:

  • Driver license, Business license or active business entity with the secretary of state,
  • Personal guarantees required from all owners,
  • Minimum 550 credit score for businesses with over three years in business,
  • Minimum 650 credit score for start up businesses,
  • No bankruptcies in the last 3 years, and
  • No unresolved tax liens.
  • Previous experience of over three is a big bonus.

You should note that you’ll need a minimum of 650 FICO score to get up to $150,000 application as a startup.

Now if you’re applying to get only up to $50,000 as a startup, you’ll need a FICO score of at least 600.

However, if you’ve been in business for more than 2 years, you’ll only need at least 550 FICO score to get up to $150,000 application only for a business loan. 

Should you need more than $150,000. Trust Capital can approve you for a fleet of big trucks by reviewing a simple financial package. Even approving start ups well over $150,000 for a business loan. 

Trust capital has helped a start up dump truck company get an SBA loan in 2 weeks to buy a brand new dump truck for $150,000 and the customer got 10 year terms at a 5.75% rate. 

Even if you have a problem with your FICO score, don’t worry, Trust Capital has underwriters that will approve you for a dump truck based on your businesses positive cash flow. Trust Capital is one of the more accessible big truck finance companies in this regard. If you have bad credit but an average bank balance of $30,000 a month then you still have a good chance at getting financing. Also if you have bad credit and still need a big truck and have 50% down there's a good chance you can still get business financing. 

They can still approve your application as long as you have had a healthy cash flow for the past 3-6 months and have had 1 or more years of being in business.

For excellent credit customers looking to buy a dump truck. They also offer declining payments that help reduce the total out-of-pocket expenses. This is an excellent choice compared to paying cash for a big commercial truck. 

Benefits of Partnering Up with Trust Capital to purchase a dup

Qualifying for dump truck financing with Trust Capital can be fairly easy. When you do partner up with Trust Capital to finance your used dump truck, several advantages will be available to you, such as these:

  • 100% purchase dump truck financing,
  • No pre payment penalties after 18 months,
  • No payments for the first 3 months available,
  • No age restrictions when financing a dump truck,
  • Up to $350,000 approval with a simple one-page application process,
  • Up to $30,000,000 with financial disclosure,
  • Next-day funding with pre-funding for dump truck vendors available,
  • 12 - 84 month fixed payment terms,
  • No down payment requirements - qualified borrowers,
  • Lowest Rates in the industry for qualified borrowers,
  • Eligibility for all new and used big truck purchases / no age restrictions, and
  • No hard credit inquiries,
  • No debt on owner’s personal credit reports.

Final Thoughts on The Best Dump Truck Finance Companies


Any type of partnership requires a lot of thought before jumping in. Choosing among big truck finance companies is technically a decision on a business financial partner.

So, you need to consider your options for big truck finance companies with utmost care. You need to make sure that they help you with your needs, and won’t burden you even further.

Big truck finance companies like Balboa Capital could be the best friend of business owners who only need a small amount of financing.

On the other hand, big truck finance companies like eLease Capital advertise how they don’t have a limit for how much they can finance for you.

You can also consider Crest Capital, another one of the big truck finance companies with a good reputation.

Finally, you can choose to partner up with Trust Capital who has excellent reviews on Trust Pilot and has helped hundreds of start up dump truck dirt haulers get their first truck, second truck and so on. If you choose them among other big truck finance companies, you can easily contact Trust Capital at (866) 458-4777.

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