Trucking & Transportation business loans
Trucking companies access invoice factoring on freight bills, equipment financing on tractors and trailers, and working capital for fuel and maintenance — same-day funding available.
Industry overview
Trucking moves more than 72% of US freight by tonnage (American Trucking Associations), but carriers wait an average of 38 days to get paid by brokers. That gap between fuel/wages going out and freight invoices coming in is the #1 reason owner-operators close.
Invoice factoring is the trucking-native solution: sell your freight bill the day you deliver, get 90–97% upfront, and let the factor chase the broker. Combined with equipment financing on tractors and trailers, it lets a 1-truck operator scale to a small fleet without ever waiting on a bank.
DOT/MC authority changes, fuel-price spikes, and CARB/EPA compliance retrofits are all common funding triggers — and all underwritable on bank-statement and AR-based programs.
Common funding needs
- Slow-pay broker invoices (net-30/60/90)
- Truck and trailer purchases
- Fuel and maintenance spikes
- Insurance premium cash demands
Owner-operators and fleets fund tractors, trailers, fuel, and operations with factoring rates as low as 1.5% and equipment financing up to 100%.
Pros
- Factoring approval based on broker credit, not yours — startups and bad-credit carriers qualify
- Same-day funding on delivered loads
- Equipment financing up to 100% on tractors and trailers, new or used
- No long-term contracts on spot factoring
Cons
- Factoring fees (1.5–4%) compound across many invoices and add up over a year
- Recourse factoring puts you on the hook if the broker defaults
- Quick-pay broker programs sometimes beat factoring on cost — always compare
Common mistakes to avoid
Locking into a long factoring contract
Many factors push 1–2 year contracts with monthly minimums. Spot or month-to-month factoring is far more flexible for newer carriers.
Financing a used truck without an inspection
Always pull a CARFAX/VINCheck and have a third-party inspection. Lenders will fund it; that doesn't mean the truck is sound.
Skipping insurance-premium financing
Annual insurance can run $12k–$25k per truck. Premium financing spreads it over 9 months and preserves operating cash.
Real-world scenarios
$95k tractor financed at 100%
An owner-operator with 540 FICO purchased a 2021 Freightliner with zero down via equipment financing tied to 90 days of bank-statement deposits.
Spot factoring during a fuel spike
A 6-truck fleet factored two weeks of loads at 2.5% to cover diesel during a price spike, then returned to direct-pay once spreads normalized.
Illustrative scenarios based on common deal structures. Actual terms vary by underwriting.
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Underwriting disclaimer: The eligibility checker is a self-reported pre-qualification tool. It does not constitute an offer of credit or a guarantee of approval. Every funded file goes through full underwriting — including bank statement analysis, business verification, and a credit inquiry whose type (soft or hard) is disclosed before you sign. Final terms, rates, and amounts depend on underwriting and the specific lender or program.
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Funding products
Invoice Factoring
Turn unpaid invoices into immediate cash
- Amount
- $10,000 – $10,000,000
- Speed
- Funded same day
Equipment Financing
Up to 100% financing for the gear you need
- Amount
- $10,000 – $5,000,000
- Speed
- Funded in 3–7 days
Merchant Cash Advance
Fast capital based on future receivables
- Amount
- $5,000 – $2,000,000
- Speed
- Funded in 24 hours
Working Capital Loans
Cover payroll, inventory, and day-to-day expenses
- Amount
- $5,000 – $1,000,000
- Speed
- Funded in 24 hours
Top states for trucking & transportation
All states & provinces — trucking & transportation
Industry-specific trucking & transportation financing pages for every state and province we fund.
FAQs — Trucking & Transportation
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$5,000 to $25,000,000. Free pre-qualification. No upfront fees. Same-day decisions for clean files.