Frequently Asked Questions

Intek understands that financing can seem overwhelming. Below are answers to some of the most common questions we receive. If you don’t find the information you’re looking for, feel free to contact us directly.

Industry-Specific FAQs

We finance a variety of trucks, including dump trucks, tri-axle trucks, heavy wreckers, rotators, and carriers. Some of the specific models we finance include Peterbilt 389, Kenworth T800, and Volvo VNL, among others.

Yes, we offer financing for various types of commercial equipment. Whether it’s for tree services, waste management, or other industries, we tailor our financing programs to your specific needs.

Pre-Approval FAQs

To get pre-approved, simply submit a one-page credit application along with basic financial documents, including three months of bank statements and a recent tax return. This helps us assess your business’s financial health and determine the best financing options for you.

The approval process is quick. You can receive pre-approval in as little as 24 hours after submitting your documents.

No, you do not need to have a specific truck picked out to get approved. You can secure financing first, and then select the truck that fits your business needs.

Pre-approval typically lasts for 30 days, but it can be extended if needed, depending on your situation and the equipment you plan to purchase.

Unlike brokers or dealerships, we don’t submit your credit to multiple lenders. We’ll perform a one-time credit inquiry to finalize the deal when necessary.

Down Payment FAQs

The required down payment generally ranges from 10-20% for established businesses. For start-ups, the down payment is typically higher, ranging from 20-30% depending on the strength of the business and the equipment being financed.

Cost of Borrowing FAQs

Our financing programs are designed to fit your budget and goals. The cost of borrowing is consistent with SBA 7a and SBA 7a Express loans, but with a much faster approval time. At Intek, we create competitive payment terms that are based on your specific goals, not ours.

Equipment Age and Financing FAQs

Yes, Intek finances used trucks. While we don’t have a strict age cut-off for trucks over 7 years old, we typically require a strong down payment. For trucks over 10 years old, we generally don’t finance them unless there is an existing relationship with the customer.

Yes, you can finance trucks purchased through Facebook Marketplace or other private sellers. However, the truck must meet our standards, and we’ll need to review the specific details before finalizing financing.

Start-Up Financing FAQs

Yes, we provide start-up financing for new businesses, even those less than two years old. Our program is designed to help you establish a business credit history and get the equipment you need to grow. Approval depends on the personal borrowing of the applicant and any co-signer, down payment, and the type of collateral.

While most of the start-ups we finance are located near New Jersey, we do work with businesses outside of the area. As a relationship-based lender, we prefer meeting in person and establishing a strong, personal connection.

Equipment Financing FAQs

Yes, we offer financing for a wide range of commercial industry-specific equipment, including towing, construction, waste management, and tree service equipment. We work with businesses across various sectors to get them the equipment they need to succeed.

Fleet Leasing & Financing FAQs

What size fleets do you work with?

Our Fleet Leasing programs are designed for fleets of 5-75 vehicles. But whether you have just a few units or over 100, we can still customize a plan for your operation.

We work with all major commercial vehicle manufacturers, including

Ford, GMC, Chevrolet, Ram, Dodge, Mercedes-Benz, Toyota, and Nissan. Some of the most popular models we source include:

  • Ford Transit, E-Series (E-350 & E-450) Box Trucks
  • F-Series (F-150, F-250, F-350, F-450 & F-550)
  • Ram Pickup Trucks and ProMaster
  • Chevy Pickups and Sahara Vans
  • GMC Pickups and Savana Vans
  • Mercedes-Benz Sprinter
  • Toyota Tacoma and Toyota Tundra
  • Along with SUVs, sedans, and box trucks across all major manufacturers.

We source our vehicles from fleet-friendly dealerships and pass our buying power directly to you — giving you access to fleet incentives and eliminating unnecessary fees that come with buying on your own.

 

Yes. Our lease purchase program allows you to buy the vehicle at a pre-set fixed residual — no surprises around wear and tear or excess mileage.

Yes — we can source and lease used vehicles. Terms will differ from new; expect shorter lease terms, a lower residual, and in some cases, a down payment may be required.

 

Both. We provide leasing for passenger vans, cars, and SUVs for businesses, non-profits, and government organizations. Whether you need a wheelchair van, a Sprinter for your livery operation, or SUVs for your sales team, we can help.

  • Contractors — HVAC, plumbing, electrical, fencing, garbage, pest control, and any company servicing residential or commercial properties.

  • Passenger Transport — Wheelchair vans, Sprinter vans, and livery companies.

  • Local Cargo & Delivery — Refrigerated trucks, box trucks, and cargo vans.

If your industry falls outside these categories, reach out. We can always customize a financing or leasing plan for your fleet needs.

Fleet Upfitting FAQS

What upfitting brands do you work with?

We work with all major upfitting brands across every category:

  • Shelving, Drawer Systems & Ladder Racks — Masterack, Ranger Design, American Van, Weatherguard, Kargo Master, Adrian Steel, and Prime Design.

  • Bed Caps & Covers — Leer, ARE, Jeraco, and Smart Cap

  • Bed Liners & Flooring — Buraliner and Legend

  • Service Bodies — Knapheide, Reading, Monroe, and STAHL

  • Liftgates — Tommy Gate and Theiman

    If you have a preferred brand or existing vendor relationship, we can accommodate that too.

We handle a wide range of specialty upfits, including:

 

  • Oversized Storage — stake bodies and flatbed bodies

  • Accessibility & ADA Compliant — wheelchair lifts and ramps

  • Truck-mounted equipment — bucket trucks, cranes, compressors, generators, and more

  • Dump Bodies — Switch-N-Go, open dump bodies, and enclosed chipper trucks

  • Temperature Controlled — insulated and refrigerated units

Yes — we roll upfitting and graphics costs directly into your financing, so there’s no large upfront outlay. Your trucks arrive ready to work without a separate invoice from your upfitter.

Absolutely. You’re not required to use our vendor network. If you have someone you already work with, we’re happy to accommodate them.