Can I refinance my hotshot trucking equipment in Nevada?

Yes—you can refinance a hotshot truck or trailer in Nevada with a FICO of 620‑679 and get 9‑12% APR on a 48‑84 month term. See rates in 2 minutes — no credit‑score hit.

The specifics

To qualify for a Nevada hotshot equipment refinance you’ll need a FICO 620‑679, a minimum of 3 months of business history, and a down payment of 15‑20% — according to the Essential Hotshot Truck Financing Guide from TrueCore Capital[https://truecorecapital.com/blog/essential-hotshot-truck-financing/]. Your debt‑to‑income ratio must stay below 40% of gross revenue, and the lender will require a debt‑service coverage ratio (DSCR) of at least 1.25×, verified with three months of freight receipts and operating statements[https://truecorecapital.com/blog/essential-hotshot-truck-financing/]. Typical loan amounts for a 1‑ton pickup range from $45 k to $75 k, and for a 3‑ton semi from $75 k to $120 k; origination fees are usually 1‑3% of the loan[https://www.baystreetlending.com/lending-resources/working-capital-for-trucking]. The equipment itself must be properly titled and a lien will be placed until repayment, per Nevada’s lien laws (HotshotLoan Reno NV).

Use the 2026 Hotshot Funding Study to compare lenders, and plug your numbers into the affordability calculator to see how payments fit within an 8‑12% of monthly revenue range[ /2026-hotshot-funding-study ][ /affordability-calculator ].

Qualification & edge cases

If your FICO is 600‑619 you may still refinance but expect 12‑15% APR and a 20% down payment. Vehicles less than 12 months old carry a higher depreciation risk; the lender may reject or offer higher rates[https://www.baystreetlending.com/lending-resources/working-capital-for-trucking]. A DTI above 40% or a DSCR below 1.25× can result in denial or a higher interest package. Owner‑operators with 4 + years of revenue over $250 k and occupancy over 70% often qualify for the lower end of the APR spectrum[https://truecorecapital.com/blog/essential-hotshot-truck-financing/].

Background & how it works

The process begins with a soft‑pull credit check (no score impact)[https://truecorecapital.com/blog/essential-hotshot-truck-financing/]. The lender reviews your operating history, vehicle title, and financial documents, then issues an approval letter if criteria are met. Funds are typically disbursed within 30‑45 days[https://truecorecapital.com/blog/essential-hotshot-truck-financing/], and the loan is secured by the equipment; the lien remains until full repayment, in line with Nevada lien requirements[https://hotshotloan.com/reno-nv]. This structure lets you lower payment, free cash, or upgrade gear without disrupting cash flow.

Bottom line

Nevada hotshot operators with 620‑679 FICO can refinance a truck or trailer for 9‑12% APR and 48‑84‑month terms with a 15‑20% down payment. Use the affordability calculator to see results instantly and lock in a lower payment.

Disclosures

This content is for educational purposes only and is not financial advice. hotshotloan.com may receive compensation from partner lenders, which may influence which products are featured. Rates, terms, and availability vary by lender and applicant qualifications.

Sources

• TrueCore Capital
• BayStreetLending
• HotshotLoan Reno NV
• 2026 Hotshot Funding Study
• Affordability Calculator
• Nevada roofing contractor refinance