(800) 949-0401 Apply NowTrucking and transportation businesses operate on some of the most capital-intensive economics in small business — large vehicle costs, fuel expenses that must be paid before freight bills clear, Net-30/45/60 payment terms from shippers and brokers, and equipment that generates revenue only when it's moving. Crestmont Capital provides trucking business loans structured around how transportation companies actually operate: semi truck financing with the vehicle as collateral, working capital for fuel and operating costs between freight payments, fleet expansion financing, and invoice factoring to eliminate the wait on freight bills.
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.
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.
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.
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.
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.
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.
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 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.
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.
| Requirement | Typical Threshold | Notes |
|---|---|---|
| Personal Credit Score | 580+ for truck financing | No credit check options available for revenue-based products |
| CDL License | Valid CDL required | Operator credential, not a credit issue |
| Time in Business | 6+ months preferred | Owner-operators with good freight history qualify sooner |
| Monthly Revenue | $10,000+ (freight revenue) | Primary qualification factor for working capital products |
| FMCSA Authority | Active MC number preferred | Required for interstate freight; brokers verify before loading |
| Insurance | DOT-required coverage active | Liability and cargo insurance required by law and lenders |
Fast approvals. Trucking expertise. No hard credit pull. Apply with Crestmont Capital today.
Apply Now →| Product | Typical Rate | Term | Best Use |
|---|---|---|---|
| Semi Truck Financing (New) | 8%–18% APR | 4–6 years | New truck purchase |
| Semi Truck Financing (Used) | 12%–25% APR | 3–5 years | Used truck purchase |
| Invoice Factoring | 1%–4% per 30 days | 30–60 days | Eliminate freight payment wait |
| Working Capital Loan | 20%–50% APR | 3–12 months | Fuel, payroll, operating costs |
| Business Line of Credit | 15%–35% APR | Revolving | Ongoing fuel and operations |
| SBA 7(a) Loan | Prime + 2.75–4.75% | Up to 10 years | Fleet expansion, best rates |
| Emergency Repair Loan | 25%–55% APR | 3–12 months | Breakdown repair, 24-72 hr funding |
| Carrier Type | Common Financing Needs | Best Products |
|---|---|---|
| Owner-Operator (1 truck) | First or replacement truck, fuel costs between loads | Truck financing, invoice factoring, working capital |
| Small Fleet (2-10 trucks) | Fleet expansion, driver payroll, fuel float | Truck financing, LOC, invoice factoring |
| Dry Van / Flatbed | Truck and trailer financing, freight payment timing | Equipment financing, invoice factoring |
| Refrigerated (Reefer) | Reefer unit maintenance, fuel costs, temperature monitoring | Equipment financing, working capital |
| Specialized / Heavy Haul | Specialized trailers, permits, oversize load costs | Equipment financing, working capital |
| Freight Brokerage | Working capital to pay carriers before shippers pay | Working capital, LOC |
| LTL / Regional Carrier | Fleet expansion, terminal, equipment | SBA loan, equipment financing, LOC |
| Construction Hauling | Dump trucks, flatbeds, materials hauling | Equipment financing, working capital |
No obligation. No hard credit pull. Apply today with Crestmont Capital.
Check My Options →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.
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.
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.
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.
| Product | Speed | Rate | Best For |
|---|---|---|---|
| Truck Equipment Financing | 2–5 days | 8%–25% APR | New or used truck purchase |
| Invoice Factoring | 24–48 hours | 1%–4%/30 days | Eliminate freight payment wait |
| Working Capital Loan | 24–48 hours | 20%–50% APR | Fuel, payroll, operating costs |
| SBA 7(a) Loan | 4–8 weeks | Prime + 2.75–4.75% | Fleet expansion, best rates |
| No Credit Check Truck Financing | 2–5 days | Revenue-based | Credit-challenged owner-operators |
Join trucking companies across the U.S. who chose Crestmont Capital.
Apply Today →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.
Related: no credit check semi truck financing, commercial vehicle financing, invoice factoring, dump truck financing.
Yes. Crestmont Capital offers no credit check semi truck financing for owner-operators with challenged credit — approval based on CDL validity, operating history, and down payment rather than credit score. See our no credit check semi truck financing page. Standard truck financing is accessible at 580+ credit.
Freight factoring advances 85-95% of your outstanding freight bills within 24 hours — eliminating the Net-30/45/60 wait on shipper/broker payments. The factoring company collects from the shipper directly. No credit minimum — shipper/broker credit quality is what matters. Most established trucking companies use factoring as a standard operational tool, not emergency financing.
Semi truck financing amounts range from $30,000 (older used truck) to $200,000+ (new spec truck). The loan is sized to 80-90% of the truck's appraised value. Used trucks require 10-20% down; some programs offer 0% down for owner-operators with strong freight history.
Standard truck financing requires 580+ credit. Working capital loans require 550+. Invoice factoring has no credit minimum — shipper credit is what lenders evaluate. No credit check truck programs are available for operators below 550. Revenue and operating history matter more than credit score for most trucking products.
Emergency working capital loans fund in 24-72 hours from application. Applications submitted before noon Eastern with complete documentation have same-day or next-morning funding. A broken-down truck losing $1,500-$3,000/day in revenue justifies fast, expensive capital — the math almost always favors quick repair over waiting.
For interstate carriers: yes, an active MC number from FMCSA is typically required. For intrastate-only carriers, state authority documentation is required. Owner-operators leased to a carrier can use the carrier's authority documentation. Lenders verify FMCSA records as part of trucking loan underwriting.
Yes. Used truck financing is widely available for trucks under 10-15 years old in operational condition. Rates are slightly higher than new truck financing (12-25% APR vs. 8-18% APR) due to residual value uncertainty. A pre-purchase inspection from a certified mechanic can improve terms by documenting truck condition.
Working capital loans provide a lump sum for fuel, driver payroll, insurance premiums, and other operating costs while waiting for freight bills to pay. Short-term (3-12 months), repaid as freight revenue arrives. Revenue-based underwriting evaluates monthly freight deposits in your bank account — not just your credit score.
Yes, with limitations. Owner-operators with CDL and freight history (even as company drivers) can access truck financing for their first truck. Startup trucking companies need: valid CDL, active FMCSA authority, liability and cargo insurance, and a plan for securing initial freight. Equipment financing is the most accessible first product for startup owner-operators.
Working capital loans provide a lump sum at a fixed rate — best for covering multiple types of operating costs over 3-12 months. Invoice factoring provides advances on specific freight bills as they're generated — best for eliminating the Net-30/60 wait on a recurring basis. Many trucking companies use both simultaneously.
SBA 7(a) loans for trucking require: 2+ years of operating history, 680+ personal credit, active CDL and FMCSA authority, 2 years of business tax returns showing profitable operations, and all available collateral pledged. Timeline: 4-8 weeks. The rate advantage (Prime + 2.75-4.75%) over conventional financing saves significant money on 5-10 year fleet investments.
Fast decisions. Trucking expertise. Apply now with Crestmont Capital.
Get Funded Now →Disclaimer: The information provided on this page is for general educational purposes only and is not financial, legal, or tax advice. Funding terms, qualifications, and product availability may vary and are subject to change without notice. Crestmont Capital does not guarantee approval, rates, or specific outcomes. For personalized information about your trucking business financing options, contact our team directly.
