Canadian trucking finance

Ensure your trucking business is reliable and able to grow by spreading out the initial investment for a new truck.

Looking for a new or used semi truck for your trucking business?

Having reliable equipment is important for the growth of your business. Investing in trucks can be expensive so it is important to spread out the cost with a quick, flexible and low cost truck loan or lease option. This allows the company to deploy the truck for service, yielding immediate benefits by way of revenues which are then used to pay down the debt taken out.

What types of truck could I purchase?

If your application is successful you can use your finance for any commercial trucking-related purchase:

How do I apply?

It’s quick and easy to apply for trucking finance online and our support team are on hand if you have any questions.

Quickly check if you qualify

Have your financial statements and equipment quote ready.

Apply online in 10 minutes

Tell us about you and your business with our simple application.

Get your decision

If approved, you’ll receive a no-obligation, personalised quote.

Your loan is funded

Once you accept, we run some final checks to process your loan and deposit the money straight into your account.

Advantages of a truck loan

With each repayment you become closer to owning the truck outright, which you can then use as security for further finance, or towards a new truck.

With each payment there is interest paid. For most truck financing terms, the interest paid on the financing payments can be written off as tax deductible.

Purchasing a truck outright can put a substantial strain on your cash flow. Spread the cost of the truck over several years and retain your working capital for other expenses.

Keep your trucking business operating efficiently with the newest and most efficient trucks.

Testimonials

Swoop was a good solution, because I was able to access cash that I badly needed, but more importantly I was able to do it quickly.

Shariq Mirza

Owner, F45 Maple, Canada

Daire made it happen! There is no doubt that Swoop sped up the process and found lenders that worked to our time scale rather than the other way round

Hocque Figureoa

Joint owner, F45 Virginia

Swoop was actually very helpful in helping us get our initial fundraising in place. Swoop was able to connect us with investors, with grant financing options and debt financing options.

Viler Lika

Founder, SingleKey

Pedja was amazing. Super supportive, understanding of our needs and wasn't pushy at all. We've been going back and forth with Swoop for over a year inquiring about different financing options and they were patient until we were ready!

Chris Skeates

F45 Multi-studio owner