The Greater Toronto Area (GTA) is a thriving centre for logistics, construction, and transportation—and commercial trucking sits at the heart of it. Whether you're an owner-operator purchasing your first rig or a fleet manager looking to expand, securing the right truck financing is crucial to growing your business while protecting your cash flow.
In this article, we explore the top truck financing brokers in the GTA, including what to look for in a broker and why Mehmi Financial Group stands out as a leader in the industry.
Commercial truck financing allows you to acquire a truck or trailer without paying the full cost upfront. Instead, the loan is repaid over time in manageable installments, making it a practical way for trucking businesses to invest in growth.
The GTA is Canada’s most populous urban region and home to thousands of transport and logistics companies. Financing a truck instead of paying cash provides:
Want to better understand ownership options? Check out our guide: Leasing vs Buying a Truck in Canada.
Here’s a closer look at three top-rated truck financing brokers in the GTA who consistently deliver value to businesses in transportation and logistics:
Best For: Fast approvals, flexible terms, and personalized service for Canadian trucking companies.
Mehmi Financial Group is a premier broker based in Mississauga, serving businesses across Ontario and Canada. Known for their speed, transparency, and industry-specific expertise, they specialize in financing for owner-operators and small to mid-sized fleets.
💡 Bonus: Their truck loan calculator helps you estimate monthly payments instantly.
🔗 Related Reading: Truck Loan Approval in Ontario: Documents You’ll Need
Best For: Established companies needing flexible equipment and fleet financing options.
First Capital Leasing offers custom financing programs for both new and used trucks. While not trucking-exclusive, they have built a strong reputation in transportation and heavy equipment sectors.
Best For: Independent truckers and first-time buyers looking for industry-focused support.
Truck Loan Center works exclusively within the trucking space, helping drivers and fleets secure loans for Class 8 trucks, trailers, and more. They offer a fast, digital application process.
🔗 Explore more on Understanding the Basics of Truck Loans
When selecting a broker in the GTA, look beyond the rate. Here are five key factors to evaluate:
Always compare rates, but remember: the lowest rate doesn't always mean the best deal. Look at the full cost of borrowing.
Short-term loans have higher payments but less interest. Longer terms lower your monthly costs but increase total repayment.
Select a broker known for being responsive, helpful, and industry-savvy. Trucking needs can change quickly, and you want a team that understands your urgency.
If you’re replacing a truck or jumping on a contract, fast approvals and funding matter. Mehmi Financial Group regularly provides same-day approvals.
Some brokers have strict credit or time-in-business requirements. Brokers like Mehmi Financial Group work with newer companies and flexible lenders.
What makes Mehmi Financial Group a top choice for truck financing in the GTA?
They also provide additional support for Working Capital Loans and Invoice Factoring to keep operations running smoothly.
Commercial truck financing is more than a loan—it’s a strategic investment in your business. In a competitive region like the GTA, working with the right financing broker can be the difference between growth and stagnation.
Whether you're financing your first rig or expanding your fleet, Mehmi Financial Group offers fast, flexible, and expert-backed truck financing to help you succeed.
Get a personalized quote or speak with a financing specialist today.
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