Updated May 2026 · 11 Lenders Reviewed

Best Trucking Loans for 2026

We reviewed 11 lenders to find the best trucking business loans and semi truck financing. Compare rates, requirements, and approval times — all in one place.

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Loan Amount$80,000

$10K$500K

Annual Interest Rate8.5%

4% (excellent credit)30% (startup/bad credit)

Loan Term60 months (5 yrs)

12 mo84 mo (7 yrs)

Short Answer

Our top-ranked trucking lenders for 2026 are eBoost Partners (best overall marketplace — a paid partner), Taycor Financial (best for larger equipment), and National Funding (best for bad credit). There's no single "trucking loan rate" — your rate is driven by credit, truck age, and term, so treat any headline figure as a market range, not a quote. Compare equipment loans, SBA, lines of credit, and factoring below.

Key Takeaways

→ Your rate is driven by credit, truck age, and term — strong-credit borrowers see the lowest. There's no single "trucking loan rate."
→ Loan amounts span roughly $5,000 to $2M+ depending on the lender, the truck, and your financials.
→ Bad-credit options exist down to about 500 FICO, at materially higher rates and larger down payments.
→ SBA loans offer some of the lowest rates — the SBA caps 7(a) rates at Prime plus a set spread — but take longer to close.
→ Invoice factoring gives fast cash against invoices, and is approved on your customer's credit, not yours.

Best Trucking Loan Lenders 2026

Ranked by overall score. See our ranking methodology.

eBoost Partners

Sponsored Comparing multiple lenders fast

★★★★★ 4.8/5

Amount

$10,000–$500,000

Rates From

6.49%

Terms

12–84 months

Min. FICO

500

Apply Now → Read Review

Taycor Financial

Fleet financing and specialty trucks ($100K+)

★★★★★ 4.6/5

Amount

$5,000–$2,000,000

Rates From

5.99%

Terms

24–84 months

Min. FICO

600

Apply → Read Review

Crest Capital

Equipment loans with lowest rates for 680+ credit

★★★★★ 4.4/5

Amount

$5,000–$500,000

Rates From

5.49%

Terms

24–72 months

Min. FICO

650

Apply → Read Review

National Funding

Bad credit applicants, under 2 years in business

★★★★★ 4.2/5

Amount

$10,000–$500,000

Rates From

Terms

24–60 months

Min. FICO

500

Apply → Read Review

Advertising disclosure: eBoost Partners is a paid partner. Learn more.

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All Trucking Loan Types

Match your situation to the right loan type.

Semi Truck Financing

Owner Operator Loans

Financing built around self-employed income and CDL + MC authority.

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Bad Credit Trucking Loans

500+ FICO

Options down to 500 FICO — typically with a larger down payment and higher rate.

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No Money Down

Zero-down programs exist for strong credit. Not always advertised — ask lenders directly.

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Startup Trucking Loans

New Authority

New authority? CDL + MC number + a down payment unlocks startup-specialist lenders.

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Equipment Financing

Loan vs lease comparison, collateral rules, and depreciation schedules.

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SBA Loans for Trucking

Lowest Rates

Among the lowest rates — SBA caps 7(a) at Prime plus a set spread. Longer process.

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Invoice Factoring

Same Day

Sell freight invoices for fast cash. Approval rides on your customer's credit, not yours.

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Fleet Financing

Finance multiple trucks under one facility, often on better terms than one-off loans.

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Line of Credit

Revolving credit for fuel, repairs, and payroll gaps — draw only what you need.

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Trailer Financing

Dry van, reefer, flatbed, tanker — financed like the tractor, secured by the trailer.

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Working Capital

Short-term cash for operating expenses. Faster than a term loan, cheaper than an MCA.

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Semi Truck Financing by State

State-specific rules that actually affect financing — CARB, weight-distance taxes, IFTA/IRP — with official sources on each page.

TX Texas

Semi Truck Loans in Texas

No personal state income tax on trucking income. Texas also has no corporate income tax — only a franchise tax based on gross receipts, with an exemption threshold under $2.47M revenue.

CA California

Semi Truck Loans in California

California's AB5 independent contractor rules (with trucking-specific litigation ongoing) and CARB Advanced Clean Truck regulations add compliance costs that lenders factor into fleet loan risk assessments.

FL Florida

Semi Truck Loans in Florida

Florida has no state income tax. Fuel tax is $0.355/gallon — slightly below the national average. No Commercial Activity Tax.

IL Illinois

Semi Truck Loans in Illinois

Illinois has a flat 4.95% state income tax. Fuel tax is among the highest at $0.39/gallon plus a 6.25% sales tax on diesel, creating significant operating cost burdens for Illinois-based fleets.

PA Pennsylvania

Semi Truck Loans in Pennsylvania

PA has no commercial vehicle weight limit exemptions — strict 80,000 lb federal limits enforced. Fuel tax is $0.576/gallon, one of the highest in the nation.

OH Ohio

Semi Truck Loans in Ohio

Ohio's Commercial Activity Tax (CAT) applies to gross receipts over $150K. Fuel tax is $0.385/gallon. Ohio has no general personal income tax exemptions for sole-proprietor owner-operators.

GA Georgia

Semi Truck Loans in Georgia

Georgia has a flat 5.49% state income tax (transitioning to flat rate). No commercial vehicle privilege taxes beyond IRP registration. Fuel tax is $0.326/gallon.

TN Tennessee

Semi Truck Loans in Tennessee

Tennessee has no personal state income tax (phased out fully by 2022). Fuel tax is $0.27/gallon, making Tennessee one of the more fuel-tax-friendly states for carriers.

MI Michigan

Semi Truck Loans in Michigan

Michigan has a 6% flat income tax rate for corporations. Fuel tax is $0.272/gallon but Michigan has additional weight-distance fees for trucks over 160,000 lbs combined. Road conditions remain a challenge for maintenance budgets.

IN Indiana

Semi Truck Loans in Indiana

Indiana has a flat 3.15% state income tax — among the lowest in the Midwest. Fuel tax is $0.32/gallon. No commercial vehicle gross receipts taxes beyond standard IRP/IFTA compliance.

AZ Arizona

Semi Truck Loans in Arizona

Arizona has a flat 2.5% state income tax (as of 2023). No personal property tax on commercial vehicles held for business use. Fuel tax is $0.19/gallon — one of the lowest in the US.

CO Colorado

Semi Truck Loans in Colorado

Colorado has a flat 4.4% state income tax. Fuel tax is $0.22/gallon. Mountain route trucks require specialized insurance (chain law compliance) which affects total cost of operations.

NC North Carolina

Semi Truck Loans in North Carolina

NC has a flat 4.5% state income tax rate (phasing down to 3.99% by 2026). Fuel tax is $0.382/gallon. No special commercial vehicle surtaxes beyond IFTA/IRP.

MO Missouri

Semi Truck Loans in Missouri

Missouri has a top marginal state income tax of 4.95% (reduced from 5.3%). Fuel tax is $0.295/gallon — relatively low. No commercial vehicle gross receipts surcharges.

NY New York

Semi Truck Loans in New York

New York has a top income tax rate of 10.9% for high earners. Fuel tax is $0.474/gallon — one of the highest in the nation. The NY Thruway system charges separate tolls. NYC congestion pricing affects carriers entering Manhattan.

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