Drive your business forward with a Commercial Auto Loan from Old National Bank. Whether you are replacing a service vehicle, expanding a delivery fleet, or acquiring specialized equipment mounted on a truck, our tailored financing solutions make it easier to secure the right vehicle without compromising cash flow. With competitive rates, flexible terms, and a focus on the needs of businesses—small, medium, and enterprise—Old National Bank is committed to providing practical lending that supports operations, growth, and long-term profitability.

Why choose an Old National Bank Commercial Auto Loan?

• Business-first underwriting: Our loan decisions take into account the unique credit profile, cash flow patterns, and asset strategies of commercial borrowers rather than relying solely on consumer credit models.
• Flexible structuring: Choose from a variety of term lengths, repayment schedules, and amortization options to match seasonal income, contract cycles, and maintenance plans.
• Competitive rates: We offer attractive pricing that reflects the strength of the collateral, borrower relationship, and business fundamentals.
• Fleet financing solutions: Finance one vehicle or an entire fleet with scale-sensitive terms and simplified administration for multiple-unit purchases.
• Preserve working capital: Keep operating capital intact by spreading the cost of vehicles over a manageable term rather than making large upfront purchases.
• Dedicated commercial lending support: Work with relationship managers who understand transportation, logistics, construction, agriculture, and other vehicle-dependent industries.

Loan features and options

Old National Bank offers a comprehensive suite of features designed for commercial vehicle financing. Select the combination that best fits your operational and financial goals:

• Loan types: Secured term loans, lease alternatives, balloon payment structures, and lines of credit for vehicle acquisition.
• Collateral flexibility: Financing available for light-duty trucks, medium- and heavy-duty trucks, vans, passenger vehicles used in business, specialized service bodies, and equipment mounted on chassis.
• Term lengths: Competitive terms that align to expected useful life of the vehicle and tax/planning considerations.
• Down payment options: Customize upfront cash requirements depending on credit profile and asset value.
• Refinancing: Refinance existing commercial vehicle debt to improve cash flow, consolidate obligations, or capture more favorable terms.
• Insurance and protection: Guidance on required insurance coverages and optional payment protection products to reduce lending risk and safeguard your operation.

Who benefits most?

Our Commercial Auto Loan is designed for businesses across sectors that rely on vehicles to deliver goods, provide services, or support field operations. Ideal borrowers include:

• Contractors, landscapers, and construction firms requiring trucks and service bodies.
• Delivery and courier services expanding last-mile fleets.
• Service providers such as plumbing, HVAC, and electrical businesses needing reliable vans and work trucks.
• Small fleet owners and regional transport operators upgrading or increasing capacity.
• Agricultural operations acquiring specialized transport vehicles.
• Companies seeking consistent cash flow management while acquiring necessary assets.

How the process works

1. Initial consultation: Discuss your needs with a commercial lending specialist to determine the right product and structure.
2. Documentation: Provide business financials, vehicle information, and basic ownership details. We guide you through required paperwork to streamline approval.
3. Approval and terms: Receive a clear term sheet outlining rate, term, repayment schedule, and any collateral requirements.
4. Funding and acquisition: Once accepted, funds are disbursed for vehicle purchase or leases are executed according to agreed terms.
5. Ongoing support: Access account management services, payment options, and refinancing reviews as your business evolves.

What you'll need

To expedite your application, prepare the following typical items:

• Business financial statements (recent tax returns, profit & loss, balance sheet)
• Details on the vehicle(s) to be financed (make, model, VIN, purchase price)
• Proof of business ownership and operation (licenses, registration)
• Information on existing liens or lease obligations if applicable

Helpful considerations for smart financing

Make the most of your Commercial Auto Loan by aligning financing decisions with operational realities:

• Match term to useful life: Choose a term that reflects how long the vehicle will reliably serve your business to avoid negative equity.
• Plan for maintenance: Include expected upkeep in your cash flow models to prevent downtime and unexpected expenses.
• Think tax strategy: Coordinate with your tax advisor on depreciation and potential incentives that may influence payment structure.
• Consider total cost of ownership: Evaluate fuel, insurance, and resale value rather than focusing solely on monthly payments.

Security and relationship

Old National Bank places a high priority on responsible lending and long-term client success. Your relationship manager will help you explore options that respect your balance sheet while providing the mobility and equipment your business needs. Our processes emphasize transparency in pricing, documentation clarity, and a collaborative approach to restructuring or refinancing as market conditions and business requirements change.