Tow Truck Financing
Simple application. Simple process.
Tow truck financing helps you haul away savings.
As you know, tow trucks have high price tags, making them difficult to buy outright. Because of this, you should look to Balboa Capital. We can help you haul away savings with an affordable tow truck financing solution. No big down payment is needed, and the monthly payments are predictable and designed to fit your budget.
The motor vehicle towing industry will continue to grow, and that’s great news for your business. There are nearly 300 million registered passenger vehicles in the United States, and millions end up needing local and long-distance towing each year. Auto accidents, flat tires, and engine problems are the most common reasons that light and heavy motor vehicles must be towed. To ensure that your towing business will remain competitive, replace your old truck with a new one.
- Application-only for hard collateral up to $500,000
- Application-only for soft collateral up to $350,000
- If approved, same-day funding is available
- Easy online application
- One-hour approval decisions during regular business hours
- Flexible terms available
- Competitive rates
Equipment financing in 3 easy steps.
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Submit a simple online application.
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Get a prompt decision during our normal business hours.
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If your application is approved, funds will be provided fast.
What we look for.
Minimum of one year in business
$100,000+ in annual revenue
FICO® score of 620 or more
These are some of our minimum lending requirements, and meeting them does not constitute approval.
Should you apply for equipment financing, additional lending criteria will determine if you qualify.
Financing for heavy duty wreckers, integrated tow trucks, self-loaders, and more.
Your tow truck is the cornerstone of your towing business. It needs to run well and handle any towing job that comes your way. Having the right truck can open the door to more business and, subsequently, more earning potential. When you finance a tow truck with funding from Balboa Capital, you can focus more on running your business and less on your finances because your cash and credit line are kept intact.
You can apply for equipment financing on our website in a matter of minutes. Then, if your application is approved and you decide to move forward, an equipment financing specialist will contact you to discuss your options and answer any questions you have. Balboa Capital offers competitive rates, flexible repayment terms, and rapid funding, so get started now!
- Car carriers
- Heavy-duty wreckers
- Hook and chain trucks
- Integrated tow trucks
- Lift flatbed trucks
- Light duty wreckers
- Self-loaders
- Tow dollies
- Truck bodies
- Wheel-lift trucks
Reasons to choose Balboa Capital.
Bank-owned business lender
Over $8 billion funded nationwide
Simple, quick process
Resources for tow truck business owners.
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