Commercial Truck Financing Biz! 24.9% Interest Secured!
Commercial truck financing company in Monmouth County, NJ
On NextCompany since August 30, 2026 (45 days)
NJ areaEstablished 2010
Business overview
This company finances commercial truck purchases for individual operators in Monmouth County, NJ. The business has operated since 2010. The company holds a first lien on each vehicle title until payoff. Interest rates exceed 24 percent on loans generally up to 48 months.
The book currently holds 250+ outstanding loans. Gross revenue is $1,940,698. Cash flow is $1,827,255. The seller will train a buyer for up to one year.
Who is a good fit for this business
- Buyers who can complete an all-cash $4,800,000 purchase without SBA financing.
- Owner-operators who will run this Monmouth County, NJ truck lending company themselves.
- Buyers who want to add marketing to a referral-driven truck lending book.
- Buyers seeking to extend this book into construction and other equipment loans.
Details
- Reason for selling
- Retirement
Frequently Asked Questions
This company finances commercial truck purchases for individual truck operators in Monmouth County, NJ. The company holds a first lien on each vehicle title until the borrower pays off the loan. Interest rates exceed 24 percent. Loans generally run up to 48 months.
The asking price is $4,800,000. Gross revenue is $1,940,698. Cash flow as seller discretionary earnings is $1,827,255. The listed down payment is $4,800,000.
No. Lenders do not lend to lenders, so this business is not SBA financeable. A buyer must complete an all-cash $4,800,000 purchase. The listing does not include seller financing.
The owner is selling for retirement. The owner will stay on for up to one year to train the buyer. The owner will transition the business during that period.
The book currently holds 250+ outstanding loans. Historical default rates have been less than 3 percent. A thorough credit approval process up front supports that record.