Who we fund
Trucking Loans and Freight Factoring for Owner-Operators and Fleets
Yes, owner-operators and trucking companies can get funding, and freight factoring is one of the most common ways carriers manage cash flow. Equipment financing for tractors and trailers and lines of credit for fuel and repairs round out the main options.
Get matched: trucking
The reality
Cash-flow challenges we hear every day.
Brokers and shippers paying on 30 to 60 day terms
You pay for fuel, tolls, and driver wages the week you haul the load, but many brokers pay a month or two later. Each new load widens the gap until cash runs short.
Fuel price swings
Diesel is one of the largest costs per mile and can change quickly. A run-up in prices hits your margins immediately while your contracted rates stay the same.
Unplanned repairs and downtime
A blown engine, transmission, or set of tires can cost thousands and take a truck off the road. Every day parked is a day without revenue on top of the repair bill.
Insurance and compliance costs
Commercial auto insurance, permits, IFTA, and ELD costs come due on fixed schedules. Down payments on insurance renewals can be large for small fleets.
Best-fit funding
Funding that fits trucking.
Freight factoring advances cash against delivered loads, often within a day or two of submitting the rate confirmation and bill of lading. It is built for the 30 to 60 day broker payment cycle.
$10K–$5M‡1–3 days*Tractors and trailers are financed with the truck as collateral. This is the standard path for owner-operators adding a truck or fleets replacing aging equipment.
$10K–$5M‡2–5 days*A line of credit gives you a cushion for fuel spikes, tires, and roadside repairs, so one bad week does not park a truck.
$10K–$500K‡1–3 days*Short-term working capital can cover insurance down payments or a large repair when factoring alone does not free up enough cash.
$10K–$1M‡24–72 hours*What lenders look for
Typical profile for trucking.
Lenders and factoring companies usually check your operating authority (MC and DOT numbers), how long you have been active, and the payment history of the brokers or shippers you haul for. Equipment lenders also look at the age and mileage of the truck being financed.
Common uses of funds
- Buying a new or used tractor or trailer
- Covering fuel costs while waiting on broker payments
- Paying for major engine, transmission, or tire repairs
- Making insurance down payments at renewal
- Hiring drivers and adding trucks to the fleet
- Paying permits, IFTA, and registration fees
Can I get freight factoring with a new MC number?
Many factoring companies work with new authorities because approval relies more on your customers' credit than your own history. Some equipment lenders and working capital providers prefer to see more time active.
What is the difference between recourse and non-recourse factoring?
With recourse factoring, you have to buy back an invoice if the broker does not pay. Non-recourse shifts some of that credit risk to the factor, usually only for broker insolvency, and typically costs more.
Can owner-operators finance a used semi truck?
Yes, used truck financing is common. Lenders often have limits on the age or mileage of the truck, and older units may need a larger down payment.
Do I have to factor every load?
It depends on the agreement. Some factoring companies require you to factor all invoices from certain customers, while others let you choose loads one at a time. Read the contract terms before signing.
Funding for trucking, matched in minutes.
- Decisions in as little as 24 hours*
- $10K–$5M+ across 10 products
- No hard credit pull to apply
- One dedicated funding advisor