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Trucking & Transportation Business Financing
Best funding options for truckers, transportation and logistics companies.
Instant approval and affordable financing terms.
Designed for the unique needs of transporters.
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Up to $5M funded within 24 to 48 hours
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6-month to 24-month loan terms
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Both unsecured and secured loan options
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Flexible payment plans
Won't impact your credit
Top Ratings on Trustpilot
Discover why small business owners adore Fast Capital Funding with our 5/5 Trustpilot rating.
See What Others Say
Don't just take our word for it—read testimonials from fellow business owners who have experienced the Fast Capital Funding difference.
Effortless Application
We respect your time. Complete our streamlined online application in just 2 minutes.
Swift Approval and Funding
Experience same-day approval and have funds in your bank account within 1-2 days. Your business moves fast, and so do we.
Best Business Financing for Trucking & Transportation Companies
Trucking business operators know just how critical it is to keep their fleet of trucks maintained and emergency capital available for unforeseen expenses. Commercial trucks and trained drivers are a financially intensive venture.
That's where transportation business loans from Fast Capital Funding comes in to help. Our network of 75+ granters provide the money needed for all aspects of running a top-notch transport business on your terms.
Our mission is to help truckers pursue the American dream. Whether you have good or bad credit, we can provide the funding to withstand seasonal business trends, buy new vehicles and logistics tools, maintain your fleet, and hire more trained drivers.
Benefits of Trucking & Transportation Financing
Shipping & Logistics is a $700 billion dollar industry annually. To capitalize on your profitable market, your trucks and trailers need regular maintenance, yearly registration paperwork, and licensed drivers at a minimum. When you add on the need for insurance, fuel, and tolls fees, having financing is key to business success.
No collateral needed
With an unsecured financing, there are no collateral requirements to get approved. Every transportation business has different cash flow needs. Your dedicated Fast Capital Funding advisor tailors a financing option that fits your specific needs.
Transparent, flexible terms
We take pride in having the most open terms with no hidden charges in the financing industry. Your financing concierge at Fast Capital Funding guides you into choosing an option that best fits your working capital needs.
Same day approval and funding
Applying for a business loan takes 2 minutes, and get money in the bank in as little as 24-48 hours. Transportation financing at Fast Capital Funding offer fast financing when you need it the most.
Any credit score can get approved
Both good and bad credit rating is applicable to our marketplace. Poor credit is not a problem to get approved for funding. We recommend business owners have a credit score of at least 550.
Payment plan tailored to your cash flow
We provide complete flexibility in the amount of capital you want to borrow and the repayment terms based on your existing cash flow.
Meet your Fast Capital Funding advisors
We make sure you're getting the best option on your business funding, and set your company up for success.
Minimum Requirements
These are the basic things you need to qualify for a trucking business financing with Fast Capital Funding. Even if you have bad credit, your funding advisor will guide you through the process and get it done.
$10,000 in monthly revenue
Your business must be earning at least $10,000 per month in a gross monthly revenue.
500+ credit score
You can get approved for a transportation business loan with any credit score. But the better your score, the better the interest rates granters can offer.
Over 6 months in business
Your company should be operational for at least six months. This signals to our granters that your small business is established and won't default on the financing.
Have a business bank account
You will need to provide 3-4 months of your most recent business bank statements as proof of revenue.
Small Businesses ❤️ Fast Capital Funding
Fast Capital Funding always comes through for me!
Bryan from Fast Capital Funding happened to call me at the right time last year when I needed to replace one of my tractor trailers. They handled everything from start to finish -- unlike most of the other aggressive funding companies that just try to sell you into whatever deal they can. I've now done a few loans with Fast Capital Funding for repairs to some of my trucks and other equipment.
Steve G.
Great experience with Michael
Can't thank Michael at Fast Capital Funding enough! Needed to expand my fleet and he made it happen. The loan process was simple, and the terms were very clear. Y'all have a customer for life!
Timothy W.
Fast Capital Funding saved my firm from catastrophe
I run a small trucking firm and was in need of quick funding. Fast Capital Funding was a lifesaver, literally. The process was straightforward, and I got the funds faster than I expected. I was able to keep my trucks on the road and get through the economy slump!
Justin Q.
5 Best Business Financing for Trucking & Transportation
Having funded over 10,000 companies, we've found the following five financing options to work best for transportation business owners. Whichever option you choose, our advisors will walk you through the pros and cons of each to identify the best fit for your unique capital needs.
1. Equipment Financing for Trucking Companies
An equipment financing is a great fit for transportation business owners seeking to buy or replace trucks and trailers. You can finance up to 100% of the cost of buying or leasing a new rig. With competitive rates and minimal paperwork needed, you can secure funding quickly. There are no prepayment penalties or collateral requirements apart from the vehicle itself. Structure of the financing is similar to consumer car financing.
Equipment financing at a glance:
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Both good and bad credit can get approved
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Vehicle being purchased serves as collateral (no other collateral needed)
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Low documentation
2. Short Term Financing for Trucking Companies
When you think of a small business financing in the traditional sense, you are thinking of a term financing. You borrow a fixed amount of money at a specific charge that you pay back based over a financing term length. You don't need any collateral or personal guarantee to get approved for a short-term financing. It's the most popular borrowing option for transport businesses.
Term financing at a glance:
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Instant approval and funding
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Closing within 24-48 hours
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No collateral required
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Bad credit is okay (we still recommend at least 550+)
3. Business Line of Credit for Trucking Companies
A business line of credit is a flexible funding option to have working capital always available when needed. Lines of credit have competitive charges and are structured similarly to a business card. You have a maximum limit you can withdraw funds from and only pay charges on the amount of money you use.
Business line of credit at a glance:
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Flexible, on-demand capital
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Interest only charged on amounts withdrawn
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No prepayment penalty
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Helps improve your personal credit score
4. B2B Invoice Financing for Trucking Companies
If you run a B2B commercial trucking business, you likely have outstanding invoices that are yet to be paid. Invoice financing, also called invoice factoring, allows you to get up to 100% of the invoice value from a granter as a lump sum payment. But what if your business is not B2B? In that case, we recommend equipment financing, term financing, or a business line of credit.
Invoice financing at a glance:
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Quick access to working capital within 24 hours
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No need to wait for invoices to be paid by customers
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Your credit score is not a factor -- granters look at the credit rating of the business whose invoice you have outstanding.
5. SBA Financing for Trucking Companies
The Small Business Administration provides financing backed in part by the agency (up to 80%). The two most popular SBA financing options are the 7(a) and Microfinancing programs. Among all financing available for transportation companies, SBA financing has the longest time to approval. This is due to the high paperwork and credit score requirements by the SBA and it's approved granters. If you need qualifications for an SBA financing, Fast Capital's advisors help you streamline the application process.
Invoice financing at a glance:
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Guaranteed up to 80% by the federal government agency
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Recommended if your needs for capital are farther out into the future
Types of Transportation Business Financing
We offer many different funding solutions for trucking and logistics companies. Your Fast Capital Financing advisor will guide you through all options so you can make the best choice.
You deserve the best options and an honest trucking financing advisor who has your back.
From our humble beginnings, we remain committed to helping American businesses achieve success. We keep things simple, convenient and transparent.
FAQs about Trucking Financing
When it comes to trucking finances, you've got questions, we've got answers. Dive into our FAQ to understand the route ahead.
How does a commercial trucking financing work?
There are different financing options available, depending on your preferences and needs. Once you determine which funding type you desire, you will receive funds that can be used to purchase your vehicle. Most business owners choose to finance by using their truck as collateral.
What type of financing are available for truck drivers?
Common financing types include the following: equipment financing, short-term financing, a business line of credit, invoice factoring, and SBA financing. Each funding option has advantages and disadvantages. Speaking with a lending professional can help guide your decision.
Can I get a trucking financing with bad credit?
Yes. Don't be deterred if you have low credit. Equipment financing, for example, is a good choice for truckers who have below average scores. You can learn more about equipment financing offered by Fast Capital Funding.
How long is transportation or trucking financing?
On average, most commercial truck financing tend to be 60 months, or 5 years in duration. Keep in mind some funding options require longer or shorter repayment windows, and this time frame will vary based on the lender.
Types of transportation businesses we fund
Fast Capital Funding provides instant loans to all logistics business located in the United States. Here's just a few such industries:
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Trucking companies
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Shipping companies
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Owner operators
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Freight brokers
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Medical transport
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Taxi and limousine services
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Moving van businesses
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Specialty transportation
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Livestock transportation
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Air transport
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Marine shipping
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Bicycle rentals