Trucking financing
Trucking Business Loans
Trucking is capital-intensive and paid on terms: fuel, insurance and drivers come due long before brokers and shippers pay. Owner-operators and fleets use financing for rigs, trailers and cash flow between loads.
Start your applicationFinancing that fits
Equipment Financing
Trucks and trailers secure the loan, which keeps payments tied to the asset that earns the revenue.
Supply Chain Financing
Advances against freight invoices so you're not waiting 30–60 days for brokers and shippers to pay.
What owners finance
- Tractors and trailers, new or used
- Fuel, insurance and repairs
- Payroll while waiting on freight payments
- Adding trucks to a fleet
- Down payments on equipment
What lenders look at
- Operating authority and how long you've had it
- Safety and inspection record
- Customer and broker concentration
- Age and mileage of the equipment being financed
Documents to have ready
- Business bank statements
- MC/DOT numbers
- Recent tax returns
- Equipment details (year, make, model, VIN) or a dealer quote
- Freight invoices or a receivables report
Common questions
- Can a new authority get truck financing?
- Some lenders finance new carriers, usually with a larger down payment. A CDL and driving history help.
- Is financing used trucks possible?
- Yes. Lenders set limits on age and mileage, so have the details ready.
- What's the difference between factoring and a loan?
- Factoring sells or advances against your invoices; a loan is borrowed money you repay. Invoice funding grows with your freight volume.
Financing for your trucking business
One application. Matched lenders. Offers you can compare side by side.