Trucking fleet equipment financing

Equipment is usually the largest single purchase multi-truck fleets make, and financing it against the asset generally prices below unsecured working capital.

What gets financed

Truck or trailer purchase and repair

Major engine or transmission work

Fuel and insurance between settlements

Adding a second or third truck

Bridging broker payment terms

Down payment on financed equipment

Equipment finance or working capital?

Buying the asset itselfEquipment financing. Secured by the equipment, so it usually prices below unsecured funding and leaves your working capital free.

Uneven or recurring needA line of credit. Sits unused until you need it, and you only pay for what you draw.

A defined one-off purchaseA term loan. Fixed amount, fixed schedule, 0% origination and 50% off remaining interest on a full early payoff.

Already carrying an advanceA refinance or buyout. Balances of $100,000 or less can often be bought out.

A multi-truck fleet carries fuel, driver payroll, insurance and truck payments on a settlement cycle that pays weeks after the load is delivered. Two trucks down in the same week can outrun the cash in the account.

Matching the term to the asset

The most common mistake is a term that outlives the equipment or a payment that lands before the equipment earns. Financing tractors, trailers, reefer units, APUs and in-cab technology over a term roughly matched to its working life keeps the payment covered by what the asset produces.

Common questions

Can multi-truck fleets finance equipment with bad credit?

Revenue-based funding starts at a 600 credit score and 6 months in business, a 600 FICO. Equipment secured by the asset is often more forgiving than unsecured funding.

Is equipment financing cheaper than a loan?

Generally yes, because the lender has the asset behind it. It is usually slower, since the equipment has to be valued.

What equipment qualifies?

For multi-truck fleets: tractors, trailers, reefer units, APUs and in-cab technology.

How fast is funding?

Same-day decision and next-business-day funding on a complete file.

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