A Commercial Vehicle Loan is a type of financing specifically designed for businesses to purchase vehicles used for commercial purposes, such as trucks, vans, or specialty vehicles. These loans are typically used by companies that need transportation for delivering goods, providing services, or other business-related operations. Commercial vehicle loans are secured by the vehicle itself, meaning the vehicle serves as collateral for the loan. Repayment terms can vary, with fixed or variable interest rates, and businesses may need to provide proof of income, business credit, and sometimes a down payment to qualify.