Can I get truck financing?
This is a free online checker for new trucking company owners, including those with new operating authority, that asks six questions and tells them whether they are likely to get financing for a semi truck, box truck, trailer, or hotshot setup. No email, no account, no credit pull.
Financing checker tool
How the checker decides
The checker reads your answers against these rules in order. The first rule that matches sets the outcome. Equipment type does not change the outcome. The $15,000 minimum applies to each single piece of equipment.
| Order | Authority age | Credit score range | Down payment | Equipment type and price | Outcome |
|---|---|---|---|---|---|
| 1 | Any | Any | Any | Semi tractor, Box truck, Trailer, Hotshot pickup + trailer. Business in an excluded state (listed below). | Not eligible through this lender |
| 2 | Any | Any | Any | Semi tractor, Box truck, Trailer, Hotshot pickup + trailer. Price under $15,000 for a single piece. | Not eligible: under the $15,000 minimum |
| 3 | 2+ years | 650-699 or 700+ | 10-19%, 20-29%, or 30%+ | Semi tractor, Box truck, Trailer, Hotshot pickup + trailer. Price $15,000 or more. | Likely eligible |
| 4 | No authority yet, less than 6 months, 6-12 months, or 1-2 years | 650-699 or 700+ | 20-29% or 30%+ | Semi tractor, Box truck, Trailer, Hotshot pickup + trailer. Price $15,000 or more. | Likely eligible |
| 5 | Any | Any | Any | Semi tractor, Box truck, Trailer, Hotshot pickup + trailer. Price $15,000 or more. Every profile that did not match rules 1 to 4. | Possible with conditions |
States not covered
California, Hawaii, Nevada, Utah, New Jersey, New York, Vermont, District of Columbia.
Common questions
- Can I finance a truck with new authority?
- Yes. New authority owners get approved every day. You usually need more money down, often 20% or more, and you will pay a higher rate than a carrier with 2 or more years of history. A strong down payment and clean bank statements matter most.
- How much money do I need to put down on a semi truck?
- Used trucks usually need 10 to 20% down. New trucks run 20 to 30%. If your authority is under 2 years, plan on 20% or more. A bigger down payment lowers your payment and helps you get approved.
- What credit score do I need to finance a truck?
- Many lenders like to see 650 or higher. You can still get approved in the 600 to 649 range, and sometimes under 600, if you put more money down. A larger down payment is the main way to make up for a lower score.
- Is there a minimum price to finance equipment?
- For this lender, yes. Each single piece of equipment must be at least $15,000. That minimum is per piece, so you cannot combine two cheaper trucks or trailers into one loan to reach it.
- Does this checker run my credit or ask for my email?
- No. There is no email gate, no account, and no credit pull. You answer 6 questions and see your result on this same page. If you want a real approval, there is a separate 2 minute form with no credit pull.
- Why are some states not eligible?
- This lender does not run its program in every state. If your business is in an excluded state, the checker will tell you and suggest talking to a local bank, credit union, or equipment finance company instead.
Guides to help you get approved
Plain-language reads on down payments, credit, new authority, and more.
- How Much Down Payment Do You Need for a Semi Truck?See the real down payment numbers for used trucks, new trucks, and new authority.Read guide
- Semi Truck Financing With Bad CreditMinimum scores and how a bigger down payment can make up for bad credit.Read guide
- Truck Financing With New AuthorityYes you can finance with new authority. Here is what changes and how to prepare.Read guide
- Box Truck Financing for New AuthorityA lower-cost way in. No CDL needed under 26,001 lbs.Read guide
- Trailer Financing for New AuthorityHow trailer loans work, including the per-piece minimum you need to hit.Read guide
- First-Time Truck Buyer RequirementsCDL, down payment, bank statements, business entity, insurance. The full list.Read guide
- Hotshot Truck FinancingPickup plus gooseneck. A lower-cost first step into trucking.Read guide
- How to Get Approved for a Truck LoanClean bank statements, the right truck, and a down payment ready to go.Read guide
- Zero Down Semi Truck Financing: The TruthExtremely rare for new buyers. What it really costs when it is offered.Read guide
- Equipment Financing for New AuthoritiesA plain overview of how equipment financing works for a new authority.Read guide
- New Entrant Safety Audit ChecklistEverything the FMCSA auditor checks in your first year, with a checklist you can tick off.Read guide
- How to Pass Your DOT New Entrant AuditThe five failure points that sink new carriers and a 12-month plan to avoid them.Read guide
- Driver Qualification File ChecklistEvery document FMCSA expects in a driver file, when each is due, and how long to keep it.Read guide
- DOT Drug and Alcohol Consortium: What New Carriers Must JoinWhy even a one-truck owner-operator must join a testing consortium, and how enrollment works.Read guide
- UCR Filing Guide for New Motor CarriersThe annual UCR fee every interstate carrier owes: who files, the current fees, and the December 31 deadline.Read guide
- MCS-150 Biennial UpdateFind your due date from your USDOT number, file free, and avoid deactivation.Read guide
Not sure owner-operator pays more?
Use the free pay comparison tool to see your take-home as a company driver versus an owner-operator, after fuel, truck payment, insurance, and maintenance.