Semi truck financing, fast.

Apply for financing today to build your business, upgrade your equipment, or fund your next project.

$
Applying is free and won't impact your credit*
$250K semi truck loan approved!

Reviews from semi truck business owners.

Business owners love that Lendio helps them get funding without the headaches.

Proven semi truck lending expertise.

Get the answers and the funding you need with support all along the way.

$203 million

in small business funding facilitated in the last decade.

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75+ lenders

providing broad coverage for small business lending.

Four simple steps to semi truck funding.

Tell us about your business.

Answer a few simple questions and complete the application in minutes.

Submit your application.

We’ll present your application to our marketplace 75+ lenders. Applying is free and won’t impact your credit score.

Compare offers.

Find the funding option with the terms that best fit your small business goals.

Get funded.

Once you accept, funding can hit your bank account in as little as 24 hours.

Quickly estimate your funding options.
Time In Business
0 - 6 Months
6 - 12 Months
1 - 3 Years
3+ Years
Monthly revenue
Industry
Credit Score
Business type
Legal partnership
LLC
Corporation
Sole proprietor
Congrats--it looks like you qualify.*

Based on your business information you could qualify for up to $ 52,000 in funding

Funding amount *

$ 36,000 - $ 52,000

*Amount is an estimate only using the information provided Businesses like yours typically receive offers like these.
Compare your funding options today.
Apply now

Many businesses don't qualify for funding for all kinds of reasons. A few factors could include:

Not enough revenue
Not enough time in business
Credit score is too low

*Qualification criteria, rates, and other funding terms will vary depending on the type and location of your business, and upon other factors. This is not a guarantee of funding, and it should not be relied upon as an accurate assessment of the availability or terms of the represented funding products.

How much can I qualify for?

Not sure what you need or what funding options are best for you? Use our simple calculator to get a rough idea of your options with no commitment, and apply when you’re ready.

Lendio knows the semi truck business.

Whether you’re looking to buy a new semi truck or fix up the one you have, Lendio can match you with a semi truck financing company to get you on the road.

Bridge capital between hauls

Purchase, upgrade or repair semi trucks

Refinance existing debt

Pay your drivers and logistics staff

Invest in marketing

What type of commercial real estate funding is best for your business?

These are the most popular types of funding that other xxxx-based businesses qualify for through Lendio.

Business Line of Credit

Access available funds whenever you need them, and only pay interest on what you draw.

Revenue-Based Financing

Access funding based on your future revenue and repay with regular payments.

Business Credit Card

Cover everyday expenses with revolving credit and earn rewards for your spending.

What types of business loans are available to semi truck businesses?

Equipment financing

Equipment financing is used specifically to buy equipment, including commercial vehicles. Be aware that some lenders place restrictions or higher lending requirements on the trucking industry. Your funding manager will help connect you with the best lenders for your business.

Term Length
1-5 years
Max Loan Amount
$5 million

Debt financing

Debt financing is what you may already think of when you think of traditional semi truck financing. Borrowers receive the full lump sum up front and make monthly payments until the balance is paid off. Popular debt financing products are term loans and SBA loans.

Term Length
6 months-25 years
Max Loan Amount
$5 million

Line of credit

A line of credit can help you stay on top of your semi-truck’s capital needs. It’s a type of revolving credit (which means it’s like a credit card), so it can be used for just about any type of business expense. Because it’s possible to get up to $500,000 in credit, it’s a good no-money-down semi truck financing option.

Term Length
6-24 months
Max Loan Amount
$250,000

FAQs

Find answers to some commonly asked questions in the semi trucks industry.

What is semi truck financing?

Semi truck financing is when the purchase of a semi truck is made possible with a loan product. Types of funding include debt financing, a line of credit, and equipment financing.

What are the requirements to get semi truck financing?

Requirements will vary by lender and loan type. The minimum requirements when financing a semi truck are:

  1. Time in business of at least six months
  2. A credit score of 600 or higher
  3. Monthly business revenue of $8,000 or more
What can I use semi truck financing for?

Because it’s a business loan, you can use the loan money for any business-related expense. For example, you could use the money to purchase a new or used semi-truck, communication equipment, or cabin accessories. Or perhaps you have a fleet and need new tires for each truck. All in all, every dollar spent on your trucking business or career can come from a business loan. Equipment financing, on the other hand, can be used fonly or the purchase of the approved equipment.

What are the benefits of an online lending marketplace?

With a lending marketplace, you are connected with a network of lenders via a single application. The application takes only 15 minutes, and a funding manager will help you throughout the application and funding process.

What is an SBA loan?

SBA stands for Small Business Administration, which is a government agency formulated to help U.S. citizens create and grow their business. An SBA loan is a loan product that is insured by the SBA, which means that lenders that offer SBA loans are guaranteed to be paid by the U.S. government if the borrower fails to make payments. Because of this, SBA loans often come with lower interest rates and higher loan amounts than other loan products. However, the downside is that they take longer to process than other business loans.

What are the different types of SBA loans?

SBA loans come in three types: 7(a), 504, and microloans. 7(a) is best for additional working capital, but can also be useful for refinancing current business debt. 504 is a good loan for any large asset purchase. Because new semi-trucks can be as high as $150,000, the 504 SBA loan might be a good option if you’re looking for a long loan term to lower your monthly payments. Lastly, microloans are good for small capital needs. Currently, borrowers can take out between $500 and $50,000.

Am I required to have a CDL to qualify for financing?

This will vary based on the lender. If you are an owner-operator, the lender may want to see your CDL along with your commercial garaging location.

Can I get financing on a used semi truck?

Lenders will have their own requirements. In general, it’s possible to purchase used trucks as long as they meet the thresholds for age and mileage on the vehicle.

Are there lenders that specialize in semi truck financing?

Yes, there are lenders that offer semi truck financing exclusively along with dealers that offer in-house financing. Some of those include:

  • Arrow Truck Sales: Provides financing for its selection of used semi-trucks.
  • The Larson Group (TLG): Offers in-house financing for its collection of new and used trucks.
  • CAG Truck Capital: Specializes in truck and engine overhaul financing.
  • TruckLenders USA: Specializes in commercial truck and trailer financing.

Ready for funding?

See what you can qualify for on the Lendio Marketplace.