Semi truck loan with an LLC under 12 months old.

Yes. The Dispatched panel underwrites new entities from one month of formation, not the two-year operating history that traditional banks require. The lender substitutes signals that exist before a business has tax returns: the operator's W-2 driving history, the truck's appraised value, the down payment, and the personal bank statement run-rate. The age of the LLC matters less than whether the operator has a real path to revenue once the truck is funded.

The panel floor is one month of formation with active EIN and a state-issued certificate of formation in good standing. LLCs at 3 to 6 months see a slightly wider lender mix; at 12 months with consistent business bank deposits the full product set opens. Below one month, the lender will typically wait for the certificate to be filed and the EIN to populate IRS records — which is days, not weeks.

Not for the application — soft pre-qualification runs at /qualify without an MC. But for funding, equipment-secured loans on Class 8 tractors typically require an active or in-process MC authority because the loan amount and term assume the truck is moving freight. If you are leasing on to a carrier rather than running your own authority, the carrier's MC plus your CDL and recent driving history are the substitute signals. Unsecured working capital is not generally available to a brand-new LLC without revenue history.

Equipment financing is the primary product: a tractor, trailer, or both, secured by the asset. Loan amounts on the panel range from $40K for older sleeper trucks up to $200K for newer day cabs, with APR running 12% to 18% for new-LLC borrowers in the equipment-secured range. Working capital ($25K to $250K) typically requires 3 to 6 months of business bank statements showing real deposits, which a brand-new LLC has not accumulated yet. Factoring is the third option — the factor underwrites the broker, not the LLC, so age of entity is largely irrelevant.

Five items: (1) the state-filed Articles of Organization or Certificate of Formation, (2) the IRS EIN confirmation letter (CP 575), (3) the operator's driver's license and CDL, (4) 3 months of personal bank statements (substitutes for the business statements you do not have yet), and (5) the truck identification and purchase agreement or VIN if you've picked the equipment. The MC and DOT numbers go on the application when they exist; otherwise the lender accepts the pending status.

For loans of any size to a sub-2-year LLC, yes — the lender treats the personal guarantee as the primary credit signal because the business has no track record. The Dispatched application runs a soft pull at the start that does not show on your credit report or affect your FICO. A hard pull happens only after you accept a specific lender's term sheet. Hard pulls inside a 14-day rate-shopping window are counted as one inquiry on most scoring models.

Common pattern, and not a problem on the panel. The state of LLC formation is administrative; what the lender underwrites is where the trucks operate and where the deposits land. A Wyoming LLC running a Texas-based owner-operation with all deposits in a Texas bank is underwritten as a Texas operation. Operators with formation in one state and operating address in another should be prepared to explain the structure briefly at the application step — usually a one-sentence answer.

Slightly better in the equipment-secured product set, neutral-to-worse in working capital. An LLC adds limited liability and looks more institutional to a lender; the panel quotes a fractionally lower APR on equipment loans to LLCs than to sole props at the same FICO and revenue band. On working capital, the LLC needs 6+ months of business bank statements to qualify at all — a sole prop with 12 months of Schedule C activity in the same depository can sometimes qualify faster because the deposit history is longer.

Soft approval and lender match: typically 20 minutes after application. Equipment loans on a new LLC fund in 3 to 5 banking days after the lender countersigns — slower than a seasoned operation because the title work and lien recording on a brand-new entity need verification. Working capital, when available, funds the same banking day. If the LLC formation paperwork is in process (filed but not yet returned by the Secretary of State), the lender will hold until the certificate lands; that adds 5 to 15 days depending on the state.