Trucking business loans, simplified.
From expanding your fleet to covering fuel and repairs between loads — we connect trucking companies and owner-operators with capital built for life on the road.
The Challenge
Trucking is a cash-intensive business
Between fuel, insurance, maintenance, and the gap between hauling a load and getting paid for it — trucking companies face constant pressure on working capital. Whether you're an owner-operator or running a fleet, the margin between growth and standing still often comes down to access to funding.
Trucks, Trailers & Repairs
New rigs, used trucks, trailer replacements, and unexpected breakdowns on the road all require capital you may not have on hand.
Fuel & Operating Costs
Diesel prices fluctuate, tolls add up, and operating costs don't pause while you wait 30 to 60 days for a broker to pay.
Slow Broker Payments
Net-30 and net-60 payment terms from freight brokers and shippers tie up your revenue while expenses keep rolling in.
Insurance & Compliance
Commercial trucking insurance, IFTA filings, permits, and DOT compliance costs can spike unexpectedly and strain cash flow.
Financing Options
Choose the right financing for your trucking business
Whether you're an owner-operator with one rig or a carrier managing a fleet, our products are designed to keep your wheels turning.
Business Line of Credit
Revolving credit for fuel, tires, tolls, and day-to-day operating expenses. Draw what you need between loads and replenish as invoices clear.
- Amount
- $5K – $250K
- Speed
- 1–2 days
- Min. FICO
- 600+
Business Term Loan
A lump sum with fixed payments for major investments — adding trucks to your fleet, securing a yard or terminal, or scaling your operation to land bigger contracts.
- Amount
- $5K – $500K
- Speed
- 2–5 days
- Min. FICO
- 650+
Equipment Financing
Finance up to 100% of new or used semi trucks, trailers, reefer units, and specialty vehicles. The equipment itself serves as collateral — no additional assets required.
- Amount
- Up to 100%
- Speed
- 2–7 days
- Min. FICO
- 600+
Revenue-Based Financing
Get a lump sum based on your hauling revenue — repaid as a percentage of daily or weekly deposits. Ideal when you need fast capital to cover a breakdown or seize a new lane opportunity.
- Amount
- $5K – $2M
- Speed
- 24 hours
- Min. FICO
- 500+
Invoice / Freight Factoring
Sell your outstanding freight invoices to unlock up to 90% of their value within 24 hours. Stop waiting 30-60 days on brokers and shippers to pay.
- Amount
- Up to 90%
- Speed
- 24 hours
- Min. FICO
- 600+
Not sure which product fits?
Our advisors work with trucking companies and owner-operators daily. Let us help you find the right financing for your operation.
Talk to an AdvisorEligibility
Do I qualify for trucking financing?
Minimum Qualifications
- 500+ personal FICO (varies by product)
- At least 3 months in business
- $4,000+ in monthly revenue
- Active business checking account
What You Need to Apply
- Basic info about your trucking operation
- Last 3 months business bank statements
- Owner identification
- 3–5 minute application
Applying is free and won't impact your credit score.
Funding Estimator
How much could your trucking business qualify for?
Select your credit range and monthly revenue to see an estimated funding amount.
Free to apply · No credit impact
*Results shown are for general informational purposes and illustration only, and are not to be treated as an offer. Applications are subject to approval.
Use Cases
How trucking companies use Ridgepeak Capital
Adding a truck to take on a new contract
An owner-operator lands a dedicated lane contract but needs a second rig and a driver to service it. Equipment financing covers the full cost of a used Freightliner with the truck as collateral — no down payment required.
Equipment FinancingCovering fuel and repairs between broker payments
A small carrier with 5 trucks is burning through $18K/month in diesel alone, but three brokers are on net-45 terms. A line of credit bridges the gap so trucks stay moving and loads keep getting booked.
Line of CreditFactoring freight invoices to maintain cash flow
A flatbed carrier has $120K in outstanding invoices from three brokers — all net-30 or longer. Invoice factoring advances 90% within 24 hours so the company can cover insurance, payroll, and fuel without waiting.
Invoice FactoringHandling an unexpected engine rebuild
A long-haul driver's engine throws a rod 800 miles from home. The repair estimate is $22K and the truck generates $15K/month in revenue. Revenue-based financing delivers the capital within 24 hours to get back on the road fast.
Revenue-Based FinancingHow It Works
From application to funding in three steps
Apply in minutes
Complete our quick online application in under 5 minutes — from your phone, your cab, or your office. No paperwork and no credit impact.
Get matched
Our platform evaluates your operation and matches you with financing options from our network of 75+ lenders who understand the trucking industry.
Get funded
Choose the best offer and receive capital in your business account in as little as 24 hours. Get back on the road with the funding you need.
FAQs
Common questions about trucking financing
Everything carriers and owner-operators need to know before applying.
What types of financing are available for trucking companies?
Trucking businesses can access business lines of credit for fuel, maintenance, and operating costs, term loans for fleet expansion and facility upgrades, equipment financing for trucks, trailers, and reefer units, revenue-based financing for fast working capital, and invoice or freight factoring to unlock cash from unpaid broker and shipper invoices.
Can I get a trucking loan with bad credit?
Yes. Revenue-based financing is available with FICO scores as low as 500 and qualifies based primarily on your monthly hauling revenue rather than credit history. Other products like lines of credit and equipment financing generally require a 600+ score. Each product has different criteria, so there are options across most credit profiles.
How fast can a trucking company get funded?
Revenue-based financing and freight factoring can fund in as little as 24 hours after approval. Lines of credit typically fund in 1 to 2 business days. Equipment financing and term loans usually take 2 to 7 business days depending on the truck value and documentation. The application itself takes less than 5 minutes.
What can I use a trucking business loan for?
Trucking financing can be used for purchasing or leasing trucks and trailers, diesel fuel, tire replacements, engine and transmission repairs, commercial insurance premiums, driver payroll and recruiting costs, IFTA and permit fees, or bridging gaps between load deliveries and broker payments. Funds are deposited directly to your business account.
Do I need collateral for a trucking loan?
Not for all products. Revenue-based financing and business lines of credit are unsecured — no collateral required. Equipment financing uses the truck or trailer itself as collateral, so you don't need to put up additional assets. Term loans may require a personal guarantee depending on the lender and loan amount.
How much can a trucking company borrow?
Funding amounts range from $5,000 to $2 million depending on the product, your annual revenue, and time in business. Most trucking companies qualify for $25K to $500K based on their monthly hauling revenue and fleet size. Owner-operators typically qualify for $10K to $150K. Revenue-based financing offers the widest range.
Ready to keep your trucks moving?
Apply in minutes. No impact to your credit score, and funding can arrive in as little as 24 hours.
Apply NowHave questions? Talk to an advisor.
Our team works with carriers and owner-operators daily. Let us help you find the right funding for your operation.
Contact Us*The content provided on this page reflects the opinions and insights of Ridgepeak Capital, based on our research, methodologies, evaluations, and various additional considerations. This information is accurate as of the initial publication date. Ridgepeak Capital makes every effort to update and maintain the accuracy of this content, however, the information may differ from what you may find on other platforms. All information is presented without any warranty. We encourage you to carefully review the terms and conditions, relevant policies, contractual agreements, and all applicable details of the financial institution when considering offers. The ranges mentioned here do not represent pre-qualified offers. Ranges may be greater or less based on the information provided in your business financing application. Ridgepeak Capital may receive compensation from financial institutions reviewed on this page if you proceed to obtain business financing through them.