Transportation & Trucking Loans

Day-to-day costsFuel and driver pay

Fleet purchaseTractors and trailers

TimingBroker invoice terms

Breakdown planningRepair quotes and downtime

Trucking businesses face capital challenges that generic lenders misunderstand. The freight cycle creates inherent cash flow timing problems: fuel is purchased daily, driver payroll is weekly, and shipper/broker payments arrive on Net-30/45/60 terms — often 30-60 days after the load delivers. Meanwhile, equipment costs are enormous, breakdowns strand revenue on the side of the road, and a single truck out of service costs $1,500-$3,000/day in lost revenue.

• Equipment as collateral: Commercial trucks are valuable, durable assets that lenders readily accept as collateral — enabling better rates and access than unsecured products.
• Fuel float requirement: Owner-operators and small fleets spend $500-$1,500/day on fuel before freight payments arrive. Fuel cards and working capital bridge this gap.
• Freight payment timing: Shippers and brokers pay on Net-30/45/60 terms while drivers need weekly payroll and fuel is daily. Invoice factoring eliminates this timing gap.
• Equipment breakdowns are revenue emergencies: A failed engine or transmission on a revenue truck costs more in downtime than the repair. Fast capital for emergency repairs directly protects revenue.

According to the American Trucking Associations, trucking carries 72% of U.S. freight tonnage. Trucking-specific financing solutions account for these operational realities. See also: no credit check semi truck financing and commercial vehicle financing.

Semi Truck and Commercial Vehicle Financing

Equipment financing uses the purchased truck as collateral, enabling competitive rates (8-22% APR) with 3-6 year terms. New and used trucks both qualify. New trucks: $130K-$200K; used trucks: $30K-$100K. CDL requirement is evaluated as an operator qualification, not a credit issue. See our commercial vehicle financing page and no credit check semi truck financing for details.

Invoice Factoring for Trucking

Freight invoice factoring is one of the most widely used financial tools in trucking. The factor advances 85-95% of your outstanding freight bills immediately — you get paid within 24 hours of delivery instead of waiting 30-60 days. The factoring company collects from the shipper/broker directly. No credit minimum — broker/shipper credit matters, not yours. See our invoice factoring page.

Trucking Working Capital Loans

Working capital loans bridge the gap between fuel costs, driver payroll, and freight payments. Short-term (3-12 months), revenue-based underwriting evaluates monthly freight revenue from bank statements. Best for: covering fuel and payroll while building factoring relationships, emergency expenses, or seasonal slow periods.

Fleet Expansion Financing

Adding trucks to your fleet requires equipment financing or SBA loans. Each additional truck is underwritten as a separate collateralized loan — the truck's value supports the financing independently. Revenue from the existing fleet demonstrates repayment capacity for the additional unit. See our long-term business loans page.

Trucking Business Lines of Credit

A revolving business line of credit provides ongoing access to working capital — draw for fuel and operating costs, repay as freight payments clear, draw again. Lines are best established when freight revenue is strong and consistent.

SBA Loans for Trucking Companies

SBA 7(a) loans provide the best rates for established trucking companies — fleet expansion, terminal acquisition, or major equipment investments. Best for carriers with 2+ years of operating history and 680+ credit seeking larger amounts at competitive rates. Terms up to 10 years.

Emergency Truck Repair Financing

When a truck fails mid-haul or between loads, fast capital is critical. Emergency working capital loans fund in 24-72 hours — getting the truck repaired and back on the road before the revenue downtime compounds. See our emergency business loans page.

Check Your Trucking Loan Options

Fast approvals. Trucking expertise. No hard credit pull. Apply with Crestmont Capital today.

Step 1 — Identify the Capital Need: Truck purchase? Fleet expansion? Fuel and operating costs between loads? Emergency repair? Invoice factoring to eliminate payment delays? Each trucking capital need maps to a different product — knowing the specific use accelerates approval. Step 2 — Gather Documentation: For truck financing: truck specs or dealer quote, CDL copy, insurance certificate, FMCSA authority documentation, 6-12 months of bank statements. For invoice factoring: current outstanding freight invoices, broker/shipper contact information. For working capital: bank statements showing freight revenue. Step 3 — Apply (10-20 Minutes): Complete our trucking business loan application. Our specialists understand trucking economics — freight revenue cycles, CDL requirements, FMCSA authority, and the used truck market. Step 4 — Decision (24-72 Hours): Truck financing decisions: 2-5 business days. Invoice factoring: 24-48 hours after invoice verification. Working capital: 24-48 hours. Emergency repair loans: same day to 24 hours. Step 5 — Fund and Deploy: Truck financing funded to dealer directly. Invoice factoring credited to your account within 24 hours of invoice submission. Working capital deposited to your business bank account. Emergency repair funded same-day for applications before noon Eastern.

Trucking: The Freight Payment Gap

See Your Trucking Loan Options

No obligation. No hard credit pull. Apply today with Crestmont Capital.

The Owner-Operator First Truck

A CDL driver with 8 years of company driver experience wants to go independent. Used Kenworth T680, 2020, 480K miles: $85,000. Down payment: $8,500 (10%). Truck financing at 14% over 5 years = $1,980/month. Average owner-operator revenue: $12,000-$18,000/month as an independent. After fuel ($4,500), insurance ($750), truck payment ($1,980), and other expenses ($1,500): net monthly income $3,270-$9,270. Year-2 upgrade to better runs improves net significantly.

The Fleet Expansion

A 3-truck dry van carrier running Midwest freight adds a 4th and 5th truck to meet a new contract: 2 used 2021 Peterbilt 579s at $95,000 each ($190,000 total). 20% down: $38,000. Equipment financing at 12% over 5 years = $4,230/month for both trucks. The new contract adds $28,000/month in revenue. Monthly revenue-to-payment multiple: 6.6x. Fleet grows from 3 to 5 trucks profitably.

The Invoice Factoring Switch

A 2-truck refrigerated carrier is waiting on $62,000 in outstanding freight invoices — one 45-day invoice from a grocery distributor and one 30-day invoice from a produce broker. Factoring at 2.5%/30 days on $62,000 = $1,550 cost. Cash received within 24 hours of invoice submission. Fuel purchased for the next 3 loads. The $1,550 factoring cost is 2.5% of the invoice value — dramatically less than the lost revenue from turning down loads due to cash shortage.

The Emergency Breakdown

A 1-truck owner-operator's engine fails on a Tuesday with a $9,800 load booked for Friday. Engine replacement: $18,500 at a shop that requires 50% upfront. Emergency working capital loan: $18,500 at 1.28 factor. Repair completed Thursday. Load hauled Friday. Total financing cost: $5,180. Alternative: miss the load ($9,800 revenue), lose the broker relationship, and pay the repair anyway. The financing cost is far less than the lost load plus relationship damage.

Apply for Trucking Financing Today

Join trucking companies across the U.S. who chose Crestmont Capital.

1. Have your CDL and FMCSA authority ready: These are non-negotiable for commercial truck financing. Lenders verify CDL validity and MC/DOT number before approval. Ensure both are current before applying.
2. Show freight revenue history: Bank statements showing consistent freight revenue deposits — even if relatively recent — demonstrate operating capacity. 6 months of $15,000+/month in freight deposits is a fundable profile for working capital and truck financing.
3. For used trucks, have inspection documentation: A recent pre-purchase inspection from a qualified mechanic significantly accelerates used truck financing approval. Lenders want evidence the truck is operational and worth the financing amount.
4. Understand your cost per mile: Knowing your cost per mile (fuel + insurance + maintenance + financing) versus your revenue per mile demonstrates operational awareness. Operators who know their numbers are more fundable than those who don't.
5. Consider factoring for ongoing freight bills: If you're consistently waiting 30-60 days for freight payment, establish a factoring relationship. It's not a loan — it's converting your receivables to immediate cash. Once established, factoring can eliminate most of your working capital financing need.
6. Don't wait for a breakdown to apply: Establish a line of credit or pre-approval for emergency truck repair financing before you need it. A breakdown with no financing access costs $1,500-$3,000/day in lost revenue — far more than the cost of having a pre-approved credit line available.

Crestmont Capital understands trucking economics — freight payment timing, CDL and FMCSA requirements, the used truck market, and the critical importance of equipment uptime to trucking revenue. We provide access to the full spectrum of trucking financing products through one application.

• Trucking financial literacy: We understand freight cycles, CDL requirements, FMCSA authority, and truck collateral values.
• Full product access: Truck financing, invoice factoring, working capital, LOC, SBA, and emergency repair loans.
• Fast approvals: Emergency repair loans fund in 24 hours. Truck financing decisions in 2-5 days.
• No credit check options: Revenue-based truck financing available for operators with challenged credit. See our no credit check semi truck financing page.

Related: no credit check semi truck financing, commercial vehicle financing, invoice factoring, dump truck financing.

Fast decisions. Trucking expertise. Apply now with Crestmont Capital.

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• American Trucking Associations

• Aviation Businesses
• Box Truck Businesses
• Commercial Vehicles