How To Get Trucking Business Funding in 2026 (Zero Money Down Options)

Added: 2026-04-29

[00:00:00]What's good YouTube? It's your boy Untro Mike back with the Untra Show for Entrepreneur. Today I got a special video for you guys. It's me and Justin with FT3 Capital showing you guys how to get commercial financing for your first commercial vehicle in 2026. If you guys like this video, make sure you like it, subscribe to the channel, and like I got on the screen, I got my link tree right here. If you guys want to find access to FT3 in the link, you'll come here to the uh link tree, put in your information, and then his team will reach out to you and get you some financing options. All right, [snorts] Justin, I got you on the screen now. Do you want to go ahead and introduce yourself?

[00:00:37]>> Absolutely. What's up, guys? This is Justin with FT3 Capital. been in the trucking industry for about 12 years, helped over 4,500 trucking companies, me and my team. And, you know, we really have been uh catering to uh the owner operators to help and educate every owner operator that comes into the industry. And we teach them, you know, what they should be looking out for, what they need to learn, and what they need to do to prepare themselves to uh, you know, getting either startup capital and or getting them into a truck that they're looking to purchase. Whether guys are looking to get a box truck, hot shot, you know, DY or a semi-truck, what are some key mistakes that you see new entrance making when trying to get commercial funding?

[00:01:24]>> Absolutely. Well, when it comes to a brand new startup and a brand new authority that doesn't have really any experience or that wasn't a company driver or a lease on owner operator, you know, the your credit score is a major factor in this, right? Um, we do have a credit repair partner that that uh that we could definitely refer you to, which I highly recommend if you were able to see how much money you would save just in the upfront down payment when your score is a 500 compared to when your score is a 700. I mean, you're talking when your score is a 700, you're looking at 15%, 720, 10% down. So, when you're going after a truck that's a h 100red grand, you know, you still have to come even at a 720 credit score, you have to come up with 10 to $15,000 to put down, right? If you have a 550 credit score, you're looking at about 40%.

[00:02:22]>> Wow.

[00:02:23]>> So, how difficult is it for these new owner operators that are getting into the industry to come up with 40% down?

[00:02:29]It's almost impossible. get dozens of applications a day. And really, the number one reason why companies aren't able to get into the truck that they want is because they don't have that upfront down payment, >> right? Once we get you into the truck, once you have that down payment, you know, the interest isn't really as as important because, you know, you're once you get in the truck, you're going to get out, you're going to get up and running and then, you know, you can pay the truck off earlier depending on your business model and and how much you know and how to make money. That's why we also have figured out ways and how to come up with startup business funding.

[00:03:06]>> Let me ask you this then. What's the ideal credit score? We know we want them to be 800 plus. That'd be perfect. But what's the the score that more than likely if I have this today and I'm watching this video, I got a pretty good chance to land a truck. Like more than 50% chance to land a truck if I have the down payment.

[00:03:26]>> Well, I mean, we we can get people approved. We've gotten people approved with a 500 credit score.

[00:03:32]>> Okay.

[00:03:33]>> Is as long as they have the down payment amount, then we can get them into a truck.

[00:03:38]>> Okay?

[00:03:38]>> Right. But we have startup funding. Um, the only way for a new company to get startup funding is if they have at least a 650 credit score. So, we we we we're very meticulous in how we secure or do our best to secure enough capital for you to accomplish your goals. Since we can get you a $30,000 personal loan and then we use that personal loan for the down payment on a on a $80,000 truck.

[00:04:08]>> Nice. But then finance the truck a completely different loan. So then so we really help you with two loans and but we meticulously do one before the other.

[00:04:18]Does that make sense?

[00:04:19]>> Yeah, that makes sense. So what about u the thought process of people saying well Mike I got a new business or Justin I got a new business. Am I going to be able to get business funding with this new business or are they looking more at your personal credit in order to get them that truck?

[00:04:34]Yeah, the whole business credit thing is uh it you know there's a lot of people out there that are that are pushing $3,500 courses to to build your business credit. Um you know business credit doesn't really um mean anything until you're about two years in. Okay.

[00:04:52]>> Right. So before that you're really going to be going especially in the trucking industry. Right. Before that you're really going to be going off of your personal. What are some different ways people can get uh startup funding basically?

[00:05:06]>> Absolutely. So, we have multiple different ways. So, basically to get any type of funding, you need at least for when it comes to like like a term loan or a line of credit, you need at least a 650 credit score.

[00:05:21]>> Okay?

[00:05:21]>> And and you need $50,000 of verifiable income. So, when I talk to somebody that's just starting their authority, one of the ways that I get them startup funding is through a personal term loan.

[00:05:33]Okay?

[00:05:33]>> So, we have we've partnered with a hundred different banks. And as long as you have a 650 credit score with $50,000 of verifiable income, you're most likely going to be able to get some offers. All right? Basically, they they give you about 20% they most offers will come in at about 20% of what your verifiable income is. So, if you can verify that you made 200 grand last year and now you want to get into and want to get into trucking, as long as you have a 650, you're going to get around 20%, which would be around 50 grand in startup funding in your personal name. Um, when it comes to we also do 401k rollovers.

[00:06:15]So, if any of you guys out there that were working for um a company and have a 401k, we can transition that money into a business entity without getting taxed and penalized. We also have um a home equity line of credit. So, if you guys are homeowners, then we also have ways to take out money from um the equity in your home and not have to pay make a payment for 10 years. Um, so there's multiple different ways to to to go about it. And then the last one, >> the way last way to get you guys funding would be um credit stacking. So basically, it's 0% interest lines of credit anywhere from 12 to 18 months.

[00:07:01]And that's really where we're able to start building your business credit because we're able to we have this AI software where we're able to apply for personal and business cards to maximize the amount that you're able to get in a 0% interest line of credit. That's how you start building business credit because we hope that you get to two years. And really the best the best funding product out there is an SBA, right? that's besides going like, you know, private lending. An SBA is the best route. Um, but you're not able to get an SBA loan unless you have two years of financials, two years of tax returns, two years of profit and losses, two years of balance sheets. I mean, you really have to have and you have to build business credit up to that. But if you don't have that, the funding products that that that are available to you are limited.

[00:07:55]>> Okay. And if I could ask you this question, probably going to be some people who want to see the no money down. Do you have any no money down options or will all of them require at least a 5 to 10% down payment at the minimum?

[00:08:09]>> We do have 0% down, but like you do have to come up with like the first month's payment.

[00:08:13]>> That's really Yeah.

[00:08:16]>> Yeah. Yeah. But that that's having like a 750 credit score, good good financials, you know, been in been a CDL holder um in a certain state. We do have lenders that will do that, but there's a various amounts of um different reasons why you would uh uh you know be approved for that or not.

[00:08:35]>> 100%. Now, are there any other uh tips and tricks outside of just getting your credit repaired that you have for a new entrant for getting business funding that people probably won't know until they get on the call with you?

[00:08:50]Um, I mean the getting your your credit is something that I personally have gotten done myself. Um, my credit repair partner did it for me about five years ago and it really changed my life.

[00:09:04]There's there's a lot of people out here. It's like just because you have a bad credit score doesn't make you a bad person, right? Yeah. Everybody on here wants to be a business owner and or is already a business owner and people who start businesses take more risks than anybody and unfortunately a lot of times go into financial difficulties. So, you know, fixing your credit is something that you have to understand is a thing.

[00:09:30]There's a lot of companies out there that that will just take your money and not do anything. But I can definitely um you know put my name on the line for my partner. He's done it for me. He knows what he's talking about. He knows the consumer laws. Um you know because all these credit bureaus, they are not government ran.

[00:09:52]>> A lot of people think that, right? A lot of people think that they're somehow tied to the government. They just created a system out of thin air and make us all worried about it and and they're winning, right? And they're winning. But, um, you know, getting your credit fixed takes anywhere from 90 to 120 days. And I we can get you set up on a 15minute free consultation with our with my partner. And basically, you know, not not every file is fixable.

[00:10:19]>> Let's talk about that real quick. What's the what's the most derogatory thing you can have or like the top five or top three things you see where it's like, okay, if you have this on your credit right now, you for sure need that that suggestion. You know, >> true. I mean, if you have any more than two late payments, then you then I would get it. You know, like realistically, you're not going to be able to get any funding unless you have a 650 or less.

[00:10:45]So, if you automatically have anything under a 650, then you need credit repair. And I would postpone doing anything any type of business until your credit is fixed because the down payment amount is going to be tremendous that you have to come up with and the interest. If you have a 550 credit score and you're looking for a $100,000 truck, you're going to have to come up with 35% down, 35 grand. If you had a 720 credit score, you'd have to come up with 10% down. That's a difference of $25,000 that you have to come up with in the beginning before your business even starts, before you even get your truck on the road. Then that 550 credit score, their interest rate is going to be about 25%.

[00:11:29]The 720 credit score, your interest rate is going to be around 10 to 12%. over the course of five years, the amount of interest that you're going to be spending on that truck is probably another 50 grand >> plus the 25,000 that you need to come up with in the beginning. So, I mean, that's a difference of $75,000 over the course of five years that if you that from somebody that has a 720 credit score to a 550 on, you know, an 80 to $100,000 a year truck. So fixing your credit for anywhere from $1,500 to $3,000 depending on how much stuff needs to be done on your file to me and to I and I think to any business owner would see the return on investment there >> 100%. That puts it into a way deeper, you know, perspective when you start talking about the interest and what you'll be spending more over time depending on the loan amount. Um, and I appreciate you for coming on. I said the link for FT3 Capital and Justin's team will be in the description. Make sure you guys go reach out to them before you go and get your truck. That way they can find you the best deal possible and shop you around with multiple different lenders. And Justin, if you got anything you want to leave off to them.

[00:12:42]>> Yeah, just just know guys, you know, we we've came from trucking. We know the hardships that you guys go through. Um we we meticulously understand your situation. We're going to understand if you're a homeowner, what were you doing before this? How much collateral do you have? Do you have stocks? and we're going to guide you into the best product. We might not be able to get you into that product for a few years, but we're going to we're going to make sure that we build a roadmap. We're going to say this is what needs to be done first, the personal term loan to get the down payment on the truck. Then then we're able to to finance the truck. And then in after one year in business, then we're able to get you a three to fiveyear term loan. And then after two years in business, then we can get you a 10-year term loan for with the lowest interest rate. So, we want to help you for the life of your business and uh just we're just here to help.

[00:13:34]>> All right. Well, it's your boy Untra Mike, guys. Peace.