--- title: Pelagic Capital Corporation — Commercial Truck Financing --- PelagicCapital - [Finance Managers](https://www.pelagicef.com/homepage#finance-managers) - [C Credit Gap](https://www.pelagicef.com/homepage#ccredit) - [Programs](https://www.pelagicef.com/homepage#programs) - [Your Team](https://www.pelagicef.com/homepage#dealership-leaders) - [For Buyers](https://www.pelagicef.com/homepage#buyers) - [Submit a Deal](https://www.efundsolutions.net/application/info.html?group=1143&dealer=1237&agent=1353&redir=Greg%20Minsky) Commercial Truck Financing Since 1991 — Built for Dealer Finance Desks # Your C Credit Customers *Deserve* a Yes. Pelagic Capital is the lender for deals your primary sources decline. We specialize in Class 5–8 commercial truck financing for buyers with 500–650 FICO scores — structured as EFAs with terms to 60 months and decisions in 2–4 hours. [Submit a Deal Now](https://www.efundsolutions.net/application/info.html?group=1143&dealer=1237&agent=1353&redir=Greg%20Minsky) [How We Work With Your F&I Desk](https://www.pelagicef.com/homepage#finance-managers) 500–650 FICO Range We Serve 2–4 hrs Credit Decision 24–60 mo. EFA Term Options Cl. 5–8 All Commercial Trucks 30+ yrs Industry Experience For Finance Managers ## Built Around *Your F&I Desk* You've been here before: a solid deal, a motivated buyer, a truck that sells itself — and every primary source declines because the FICO is 580. That's exactly when you call Pelagic. We are your C credit solution for Class 5–8 commercial trucks, and we operate like a partner, not a last resort. ⚡ ### 2–4 Hour Decisions Your customer is sitting in the chair. We don't make them wait a day. Submit the deal online and get a credit decision — approval or a structured counter — while the deal is still alive. 📞 ### A Direct Line, Not a Queue No 800 number. No ticket system. You get a dedicated contact who knows your store, your inventory, and how to structure deals that fund. We speak finance manager. 📋 ### Clean Stip Packages We tell you exactly what we need upfront. No moving goalposts after approval. Our stip packages are clear, reasonable, and designed to get you from approval to funded without drama. 📐 ### Structure That Pencils 20–30% down plus terms to 60 months on an EFA. We work with you to structure a payment the buyer can make and a deal the desk can book. We don't approve deals that set customers up to fail. 🔁 ### The Deal You'd Have Lost Every deal Pelagic funds is a unit you would have turned away. We don't compete with your primary sources — we catch what they miss. Adding Pelagic to your lender stack is pure upside. ✅ ### Ready to Submit? Click below to send us a deal. Takes under 5 minutes. You'll hear from us within hours. [Submit a Deal →](https://www.efundsolutions.net/application/info.html?group=1143&dealer=1237&agent=1353&redir=Greg%20Minsky) What You Need to Know ### The Deals That Qualify - FICO 500–650 — the sweet spot we were built for - Class 5, 6, 7, and 8 trucks — new or used - 20–30% down payment required (reduces exposure, right-sizes payment) - Equipment Finance Agreement structure — customer on title at signing - Terms from 24 to 60 months — most C lenders stop at 48 - Owner-operators, small fleets, vocational, and non-CDL investors - First-time commercial buyers welcome What We'll Need from You ### Standard Stip Package - Completed credit application with all three bureau pull - 2 years business and personal tax returns (if available) - 3 months bank statements - Copy of CDL or driver's license - Truck details: year, make, model, VIN, mileage, and dealer invoice or wholesale price - Proof of down payment (bank statement, cashier's check) - MC/DOT authority letter for OTR operators Our Core Mission ## The *C Credit Gap* Most commercial truck buyers with credit scores between 500 and 650 fall into a no-man's-land: too risky for traditional A-paper lenders, and too strong to settle for predatory subprime terms. That gap — the C Credit Gap — is exactly where Pelagic Capital was built to operate. - FICO 500–650 accepted across all Class 5, 6, 7 and 8 equipment - 20–30% down payment structures reduce principal and right-size the payment - **Terms from 24 to 60 months** — while most C and D credit lenders cap at 48 months, Pelagic offers up to 60, giving customers a lower payment option that most competitors simply can't match - All C Credit Gap transactions structured as an **Equipment Finance Agreement (EFA)** — the customer owns the truck from day one, no balloon, no residual - No CDL required on qualifying non-driver investor purchases - First-time buyers and credit-challenged operators welcomed - Transparent terms — no hidden fees, no surprise rate hikes - Experienced underwriters who understand trucking, not just credit scores A Credit (700+) Traditional banks C Credit Gap (500–650) ← We're here Deep Subprime (<500) High-risk specialty only Why It Matters Millions of working-class truck buyers are shut out of equipment ownership every year — not because they can't afford a truck, but because the system wasn't designed for them. We built a structured program that makes approvals possible, predictable, and fair. How Every Deal is Structured ## Equipment Finance *Agreement* Every C Credit Gap transaction at Pelagic is structured as a true Equipment Finance Agreement — not a lease, not a rental purchase, not a conditional sales contract with a balloon. Here's what that means for your customer and your deal. 📄 ### What is an EFA? An Equipment Finance Agreement is a fixed-rate, fixed-term installment contract. The customer takes title to the truck at signing, makes equal monthly payments over the term, and owns the equipment free and clear at payoff — no end-of-term options, no surprises. 🔑 ### Ownership from Day One Unlike a lease or TRAC agreement, the customer is on the title immediately. They can insure it, operate it, and build equity in it from the first payment. This matters deeply to owner-operators investing in their livelihood. 📅 ### Terms from 24 to 60 Months Most C and D credit lenders cap out at 48 months. Pelagic goes to 60 — giving customers a meaningfully lower payment that competitors can't offer. The right term length is the difference between a deal that works and one that falls apart at the desk. 💳 ### Builds Credit, Builds Equity Every on-time EFA payment is reported and helps the customer rebuild their commercial credit profile. Customers who graduate their C Credit Gap deal often qualify for A-paper terms on their next truck. Why Longer Terms Change the Equation Here's how term length affects the monthly payment on a $55,000 financed amount — the same truck, the same rate, structured to fit different cash flow realities. Most C & D lenders stop at 48 months. We go to 60. Term Est. Monthly\* 24 mo. ~$2,520 36 mo. ~$1,790 48 mo. ~$1,490 Competitors cap here 60 mo. ~$1,230 Pelagic Advantage \*Illustrative estimates based on $55,000 financed at representative C Credit rates. Actual payments vary by credit profile, equipment, and approved terms. Not a commitment to lend. Financing Programs ## Class 5–8 *Programs* From medium-duty workhorses to heavy-haul sleepers, we have a structured program for every truck in your inventory. Flagship Program Class 8 — Heavy Duty Sleepers & Day Cabs Full-coverage financing for Class 8 OTR sleeper cabs and regional day cab trucks. Our C Credit Gap program gives finance managers a reliable approval path for customers banks won't touch — with structured down payments and competitive rates that make deals pencil. FICO Range 500 – 650 Down Payment 20 – 30% Decision Time 2 – 4 Hours Term Length Up to 60 Mo. Structure EFA — True Ownership New Program Class 8 — Dealer Partner Exclusive Dealer Network A dedicated financing lane for our select dealer partners — featuring accelerated approvals, dedicated underwriting support, and priority funding on Class 8 sleeper and day cab transactions. Now competing head-to-head with Crossroads, Keystone, and Compass. Access Partner Only Priority Same-Day Class 7 — Heavy Medium Vocational & Specialty Dump trucks, refuse vehicles, and specialized vocational Class 7 equipment. We understand how these trucks earn — and we structure terms accordingly. FICO Range 500 – 650 Down Payment 20 – 30% Terms Up to 60 Mo. EFA Class 6 — Medium Duty Straight Trucks & Box Box trucks, stake bodies, and medium-duty fleet additions. Ideal for small business owners building their first delivery or distribution operation. FICO Range 500 – 650 Down Payment 20 – 25% Terms Up to 60 Mo. EFA Class 5 — Light Medium Work Trucks & Cab-Over Financing for Class 5 platform trucks, cab-overs, and service vehicles. We help first-time commercial buyers get into their first truck without perfect credit. FICO Range 500 – 650 Down Payment 20 – 25% Terms Up to 60 Mo. EFA Dealer Program ## A New Option for *Class 8 Dealers* Our new dealer partnership program brings Pelagic's C Credit Gap expertise directly into the Class 8 sleeper and day cab market — giving your finance desk a powerful new tool alongside the established players. - Dedicated underwriter assigned to your dealership - Same-day preliminary decisions on qualified deals - All deals structured as EFAs — customer owns from day one, no balloon - Terms from 24 to 60 months — while competitors cap at 48, we go further to right-size every payment - Direct line access — no call centers, no ticket queues - Structured stip packages that close, not stall - Competitive rates for the 500–650 FICO tier - Industry veterans who speak finance manager language [Become a Dealer Partner →](https://www.pelagicef.com/homepage#dealer-contact) Lender C Credit 2–4 Hr Class 8 EFA / 60 Mo. Pelagic Capital ✓ ✓ ✓ ✓ Crossroads Limited ✓ ✓ Varies Keystone ✗ ✓ ✓ Varies Compass Limited Varies ✓ Varies Traditional Banks ✗ ✗ A Credit ✗ Based on publicly available program information. Subject to change. How It Works ## From Deal to *Funded* Our streamlined process is built for finance managers who need answers fast. No bureaucracy, no runaround. 01 Submit the Deal Send us the customer's credit app, FICO, and truck details. Takes under 5 minutes. 02 Underwriting Review A dedicated underwriter evaluates the full picture — not just the score. 03 Decision in 2–4 Hours Approval or structured counter-offer with clear stip requirements. No surprises. 04 Fund & Deliver Documents, funding, and keys. We move fast so your customer drives home today. For Dealership Leadership ## More Units. *Same Inventory.* Every dealership has a segment of buyers who walk in qualified, motivated, and ready — but get turned away because their credit doesn't fit the primary lender box. Pelagic closes that gap. For general managers and sales managers, that means more units moved without adding a single truck to your lot. 🏢 General Manager ### The Business Case Adding Pelagic to your lender stack costs you nothing. There's no exclusivity, no volume commitment, and no disruption to your existing lender relationships. What you gain is an approval path for the 15–25% of your traffic that currently walks out the door unfunded. - Zero-cost lender addition — no contracts, no volume minimums - Complements your primary sources, never competes with them - Turns declined buyers into booked units — same inventory, more revenue - **Pelagic pays a dealer reserve on every funded deal** — your F&I desk earns additional income on every transaction we fund, on top of the unit sale - Dedicated support contact — your F&I manager has a name to call, not a number - EFA structure means clean docs, no lease complications on your books - 30+ years in commercial truck finance — we're not a startup learning the business 🚛 New & Used Truck Sales Managers ### Stop Losing C Credit Deals You know the customer: solid work history, real down payment, knows exactly which truck they want. Their credit score says 560 and your primary lender says no. Pelagic says yes. When your F&I desk has Pelagic in the mix, fewer deals die on the credit floor. - Works on both new and used Class 5–8 inventory - 20–30% down payment means real skin in the game from the buyer - 60-month terms available — keeps payments in the buyer's range - 2–4 hour turnaround — decision comes while the customer is still engaged - Owner-operators, small fleets, first-time buyers — we know this customer - Straightforward structure: EFA, customer owns from day one, no lease headaches - **Dealer reserve paid on every funded deal** — your dealership earns additional income on every Pelagic transaction, making each C credit close more profitable than a straight decline What Pelagic adds to a dealership that currently sends C credit customers away: 15–25% of traffic currently lost $0 cost to add Pelagic Reserve paid on every funded deal Same Day deal decisions [Set Up Your Dealership →](https://www.pelagicef.com/homepage#dealer-contact) For Truck Buyers ## Been Told *No* Before? We Built This For You. If you found this page on your own — maybe after a bank said no, or a dealership couldn't get you financed — you're in the right place. Pelagic Capital works with buyers who have real credit challenges and real reasons to own a truck. Here's what you should know. 💵 Know Someone Who Needs a Truck? ### We Pay a $250 Referral Fee for Every Funded Deal If you refer a friend, family member, or fellow owner-operator to Pelagic and their deal funds, we'll send you $250 — no strings, no fine print. Just connect them with a Pelagic dealer partner or have them mention your name when they apply. [Send a Referral](https://www.pelagicef.com/cdn-cgi/l/email-protection#3f565159507f4f5a535e58565c5a59115c5052004c4a5d555a5c4b026d5a595a4d4d5e53) ### Who Can Qualify You don't need perfect credit to own a commercial truck. Pelagic works with buyers who have credit scores between 500 and 650 — including first-time buyers, owner-operators, and people rebuilding after a financial setback. - FICO scores from 500 to 650 considered - First-time commercial truck buyers welcome - Past bankruptcy, medical debt, or credit events considered on full context - Owner-operators, small business owners, and investors - Non-CDL buyers eligible on qualifying programs - New and used Class 5–8 trucks: day cabs, sleepers, box trucks, vocational equipment ### What to Expect We're straightforward about how our program works. No bait-and-switch, no buried fees. Here's what a typical Pelagic deal looks like so you can decide if it's right for you. - **Down payment: 20–30%** — a meaningful down payment reduces your monthly payment and shows the lender you're committed - **Terms: 24 to 60 months** — longer terms mean lower payments; we structure what works for your cash flow - **EFA structure** — you own the truck from day one, title in your name at signing - Fixed monthly payment — no surprises, no balloon at the end - On-time payments reported, helping you rebuild your credit profile - Decision in 2–4 hours once your application is submitted at a partner dealership Honest Answers to Common Questions Can I apply directly through Pelagic? Pelagic works through our network of commercial truck dealerships. If you've found a truck you want to buy, ask the dealer's finance manager to submit your deal to us. If you need help finding a dealer partner, contact us and we'll point you in the right direction. Is my FICO score the only thing that matters? No. We look at the full picture — your business history, income, the truck you're buying, and your ability to make the payment. A 580 FICO with solid cash flow and a strong down payment is a deal we want to do. Do I need a CDL? Not always. Non-CDL investors can qualify on certain programs, particularly for trucks being operated by an employee driver or leased to a carrier. Ask your finance manager about non-CDL options. What's an EFA and why does it matter to me? An Equipment Finance Agreement means you own the truck — not the bank, not the dealer. Your name goes on the title at signing. You make fixed monthly payments over the term and the truck is fully yours at payoff. There's no end-of-lease return, no residual payment, and no surprises. Can I earn money by referring someone to Pelagic? Yes. If you refer someone who gets funded through Pelagic, we'll pay you **$250** — no forms, no hoops. Just make sure they mention your name or contact us directly with the referral. It's our way of saying thanks for spreading the word. Dealer Inquiries ## Get Your Dealership *Set Up* Ready to add Pelagic to your lender stack? Fill out the form and someone from our team will reach out within one business day to get your dealership enrolled. No contracts, no volume commitments — just a new approval path for your C credit customers. 1 Submit the form Takes about 60 seconds. Tell us who you are and where you're located. 2 We reach out within one business day A Pelagic team member contacts you to walk through the program and answer your questions. 3 Start submitting deals Once enrolled, your F&I desk can submit C credit deals immediately. Dealer reserve paid on every funded transaction. Dealership Enrollment Request All fields required. We'll never share your information. First Name Last Name Dealership Name Your Title Select your role Finance Manager General Manager New Truck Sales Manager Used Truck Sales Manager Owner / Dealer Principal Other Business Email Phone Number Request Enrollment → ✅ ### You're on our list. Thanks for reaching out. A Pelagic team member will contact you at the email and phone number you provided within one business day. In the meantime, if you have a deal ready to go, you can submit it now: [Submit a Deal Now →](https://www.efundsolutions.net/application/info.html?group=1143&dealer=1237&agent=1353&redir=Greg%20Minsky) ## Your Next Declined Deal Doesn't Have to Walk Out. Submit a deal to Pelagic in under 5 minutes. Decision in 2–4 hours. We're your C credit solution for Class 5–8 commercial trucks. [Submit a Deal Now](https://www.efundsolutions.net/application/info.html?group=1143&dealer=1237&agent=1353&redir=Greg%20Minsky) [Contact Our Team](https://www.pelagicef.com/cdn-cgi/l/email-protection#a3cacdc5cce3d3c6cfc2c4cac0c6c58dc0ccce) PelagicCapital Corporation - [Finance Managers](https://www.pelagicef.com/homepage#finance-managers) - [C Credit Gap](https://www.pelagicef.com/homepage#ccredit) - [Programs](https://www.pelagicef.com/homepage#programs) - [GM & Sales Managers](https://www.pelagicef.com/homepage#dealership-leaders) - [For Buyers](https://www.pelagicef.com/homepage#buyers) © 2025 Pelagic Capital Corporation. Founded 1991. All rights reserved.