How to Get Semi Truck Financing for New Businesses

Although launching a new trucking company is an exciting decision, it’s also a significant one, particularly in terms of equipment. You most likely don’t have the money on hand to purchase a semi truck outright if you’re just starting off. Financing for semi trucks can help with that.

The good news? Financing a semi truck is not only feasible, but it may also be one of the best methods to develop your fleet and your business’s future, even if you’re a startup.

Why Financing Is the Smart Move for New Trucking Businesses

The price range for a new semi truck is $100,000 to $200,000+, and even secondhand trucks can be between $40,000 and $100,000. That is a huge financial drain for the majority of companies. By spreading out the expense over time, financing enables you to keep operating capital for things like maintenance, insurance, growth, and fuel.

The important thing is that you don’t need to be a well-known company to be eligible. Even new businesses and first-time owner-operators can obtain money with the correct lender.

What You’ll Need to Get Started

As a new business, lenders will look at a few key factors when reviewing your application:

• Business Plan or Contract – If you have a hauling contract or proof of work lined up, it boosts your chances significantly.
• Down Payment – The more you can offer upfront, the better your terms may be.
• Credit History – While perfect credit helps, it’s not required. Many lenders (like TrueCore Capital) work with a range of credit profiles.
• CDL and Industry Experience – If you or your driver has a valid CDL and some experience, that goes a long way.
• Entity Structure – It helps to have an LLC or business structure already in place with a business bank account.

Choosing the Right Truck

Not every vehicle is made equal, and not every truck is simple to finance. In general, trucks with fewer than 700,000 kilometers and less than 10 years of age are preferred by lenders. Newer models typically receive higher rates and terms, even if some programs finance older cars. When you shop, keep in mind the standards of your lender as well as your business’s demands.

Financing with TrueCore Capital Top Tier Options

TrueCore Capital specializes in equipment and commercial truck financing, and they know what it takes to help new businesses get on the road. Unlike banks that tend to avoid startups, TrueCore works with first-time buyers, small fleets, and owner-operators. Here’s what they offer:

• Fast approvals—often within 24 hours
• Low down payment options
• Flexible terms tailored to your cash flow
• Startup-friendly programs
• No-hassle paperwork and expert support

Whether you’re buying your first truck or scaling your operation, TrueCore Capital can help you structure a deal that works—without all the red tape.

Although entering the trucking sector requires a significant financial commitment, it is much simpler to get started with the correct financing partner. Financing can be your best option if you’re starting a business and need a big truck to get going. Hold onto your money, grow your company, and watch as your truck begins to pay for itself.

Ready to roll? TrueCore Capital is here to help.