Can I Get Truck Financing if My Dealer's Primary Lender Said No?
Reviewed by George Burgess · Updated August 18, 2026
Yes, the transaction can still be reviewed. A decline from the dealer's primary lender does not automatically determine the HMTL outcome. Hard Money Truck Loans specializes in credit challenged commercial truck financing, has no minimum credit score, and can review licensed dealer purchases from $21,000 to $145,000 when the transaction fits the program.
Quick Financing Snapshot
- Minimum credit score
- None
- Credit specialty
- Credit challenged buyers welcome, with no minimum credit score
- Purchase price financed
- $21,000 to $145,000
- Down payment
- Typically 30% of the purchase price
- Startup down payment
- Typically 40% of the purchase price
- Seller
- Licensed dealer purchases only
- Credit history
- No bankruptcy or repossession within the last 5 years.
- Approvals
- Same day approvals may be available
Want to know whether your own situation is financeable? Get pre-approved or call (407) 250-8536.
The Dealer's Lender Made a Decision Under Its Own Program
A dealer's primary lender has its own credit and transaction criteria.
When it declines a buyer, that tells you the transaction did not fit that lender's program.
It does not create a universal decline across every financing source.
Another program can look at the transaction under different criteria.
HMTL Is Specifically Relevant to Credit-Challenged Buyers
There is no minimum credit score.
HMTL specializes in credit challenged commercial truck and trailer buyers, including many borrowers with scores around 500.
That makes HMTL worth considering when the dealer's primary lender declines a customer for a credit profile outside its comfort zone.
It does not mean the HMTL approval is automatic.
The Truck Is Already at the Right Type of Seller
If you are at a licensed dealer, one major HMTL program requirement is already clear.
HMTL finances licensed dealer purchases only.
Private party purchases are not financed.
The dealer can provide the truck details and written purchase price needed to discuss the transaction.
Check the Purchase Price and Down Payment
The purchase price must be $21,000 to $145,000.
An established business is typically 30% down.
A startup is typically 40% down and requires 2 years of industry experience.
Know how much cash is actually available before assuming the transaction fits.
A Dealer Lender Decline Does Not Remove the Other HMTL Rules
There can be no bankruptcy or repossession within the last 5 years.
A startup still needs 2 years of industry experience.
The purchase price still has to fit the range.
The truck still has to come from a licensed dealer.
No minimum credit score is only one part of the program.
What the Buyer Should Have Ready
Useful information includes truck year, make, model, VIN, mileage, written purchase price, dealer contact, down payment available, and approximately 4 months of business bank statements.
That turns the conversation into a real transaction quickly.
What the Dealer Can Do
The dealer can provide the truck information and purchase paperwork.
The dealer does not need to assume the sale is lost simply because its primary lender said no.
If the customer still wants the truck and the transaction fits HMTL's basics, the deal can be submitted for review.
What May Help You Qualify
- No minimum credit score
- Typically 30% of the purchase price down for an established business
- Typically 40% of the purchase price down for a startup, plus 2 years of industry experience
- Licensed dealer purchases only
- Purchase prices from $21,000 to $145,000
- No bankruptcy or repossession within the last 5 years
- Approximately 4 months of business bank statements
Potential Problems & Reasons For Decline
- A truck being bought from a private seller rather than a licensed dealer
- A purchase price outside the $21,000 to $145,000 range
- A down payment that does not reach the typical percentage for the truck selected
- A bankruptcy or repossession inside the last 5 years
- A startup without 2 years of industry experience
- Business bank statements that are incomplete or unavailable
Frequently Asked Questions
Can HMTL review a deal after the dealer's lender declines it?
Does the dealer have to already work with HMTL?
Is there a minimum credit score after a dealer lender decline?
Can the same truck still be financed?
What down payment is typical?
Can a startup still be reviewed after the dealer's lender says no?
Can the truck be from a private seller instead?
Can I get a same day approval?
Related Resources
- Bad Credit FinancingTruck Financing After a Dealer Lender Declines YouThe dealer's financing source said no. The next step is to keep the truck information together and see whether the transaction fits another program.
- Bad Credit FinancingTruck Financing After a Bank DeclineA bank decline is one lender's decision. The next step is to identify the issue and see whether the truck fits another program.
- Commercial Truck Financing GuidesAlternative Commercial Truck Financing When Banks Say NoWhen a bank says no, the next step is not to assume the truck purchase is dead. It is to see whether the transaction fits another program.
- Bad Credit FinancingWhat to Do After Your Commercial Truck Loan Is DeclinedDo not react to a decline by blindly applying everywhere. First identify what part of the transaction did not work.
- Real Buyer QuestionsWhat Should I Ask a Dealer Before Applying for Truck Financing?Ask for the facts the review actually uses: licensing, written price, year, make and model, mileage, truck type, specifications and availability.
Ready To Get Your Truck Funded?
Tell us about the truck, your business and your situation. We will review whether the transaction fits the HMTL program.