Trucking & Transportation Financing

Trucking Company Loans & Fleet Financing: $10K–$500K (2026)

Equipment financing for semi-trucks and trailers. Invoice factoring so you don't wait net-60 for freight brokers to pay. Working capital for fuel, maintenance, and payroll. Decisions in 24 hours.

Apply in 5 Minutes (305) 384-8391
Owner-operators welcome Credit scores from 550 Freight factoring available Funds in 24–48 hrs
Trucking Finance Options
Equipment Financing (trucks)Up to $500K
Invoice Factoring (freight bills)Up to 90% advance
Working CapitalUp to $250K
Line of CreditUp to $250K
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$500K
Max Equipment Financing
90%
Freight Bill Advance Rate
24 hrs
Typical Funding Speed
550+
Min Credit Score
Reviewed by MFE Funding Team  |  Updated March 2026  |  Sources: American Trucking Associations, ATRI Trucking Cost Report 2025, FreightWaves Industry Data

TL;DR — Trucking Company Financing at a Glance

  • Best for fleet expansion: Equipment financing up to $500K — buy new or used Class 8 trucks, semi-trucks, box trucks, trailers
  • Best for cash flow: Freight bill factoring — get 90% of freight bill value immediately instead of waiting net-30 to net-60
  • Best for operating costs: Working capital — fuel, maintenance, driver payroll between loads
  • Requirements: 6+ months in business, MC/DOT authority, $10K+/month revenue, 550+ credit
  • Real example: 5-truck fleet in Texas — $150K equipment financing for 2 new trucks, approved in 36 hours

The Trucking Cash Flow Problem

The U.S. trucking industry hauls over 70% of all freight moved in America — $940 billion worth annually. Yet most trucking companies operate on thin margins with brutal cash flow timing: you deliver the load today, but the freight broker pays you net-30 to net-60. Meanwhile, diesel is due at the pump and driver payroll happens every two weeks.

Fuel: Your #1 Variable Cost

Fuel represents 24–28% of total trucking operating costs. A 10-truck fleet running 10,000 miles/month per truck burns 20,000+ gallons. At $4/gallon, that's $80,000/month in diesel — before you've collected a cent from brokers.

Net-30 to Net-60 Broker Payment

Load boards, freight brokers, and even direct shipper contracts routinely pay 30–60 days after delivery. Echo Logistics, Coyote, XPO — all pay net-30 minimum. You delivered 60 days ago and you're still waiting.

Maintenance: The Unexpected Killer

A blown engine on a Kenworth T680 can cost $15,000–$35,000. A transmission failure on a Peterbilt: $8,000–$18,000. Emergency breakdowns don't care about your cash position — they happen, and they happen at the worst times.

True Cost of Trucking: What Each Truck Actually Costs in 2026

Semi-Truck (Class 8) Purchase Costs

$50,000–$175,000/truck
  • New Kenworth T680: $150,000–$175,000
  • New Peterbilt 579: $145,000–$170,000
  • New Freightliner Cascadia: $140,000–$165,000
  • Used Class 8 (3–5 years): $65,000–$100,000
  • Used Class 8 (5–8 years): $35,000–$65,000
  • Dry van trailer (new): $40,000–$60,000
  • Refrigerated trailer (new): $60,000–$90,000

Annual Operating Costs Per Truck

$120,000–$200,000/year
  • Fuel: $50,000–$70,000/year (at $4/gal, 120K miles)
  • Driver wages: $55,000–$85,000/year
  • Insurance: $8,000–$18,000/year per truck
  • Maintenance & repairs: $10,000–$25,000/year
  • Tires: $4,000–$8,000/year
  • Tolls & permits: $2,000–$5,000/year
  • IFTA fuel tax: $3,000–$7,000/year
Real Example: A 5-truck refrigerated fleet in Dallas, TX was hauling produce routes for HEB and Walmart. Revenue was strong ($180K/month) but Walmart's net-45 payment terms were killing cash flow. Two drivers quit because payroll was delayed. Through MFE freight bill factoring, they factored $90,000 in outstanding freight bills and received $81,000 within 24 hours. Payroll made. They also secured $150,000 in equipment financing to add 2 new Freightliner Cascadias, bringing their fleet to 7 trucks.

MFE Financing Options for Trucking Companies

Equipment Financing (Trucks & Trailers)

Finance semi-trucks, box trucks, flatbeds, refrigerated trailers, dry vans, and more. New and used vehicles eligible. The equipment serves as collateral, keeping rates competitive. Terms up to 60 months for fleet expansion.

  • Amount: $10,000–$500,000
  • Terms: 24–60 months
  • Vehicles: New or used, up to 10 years old
  • Speed: 24–72 hours
Learn About Equipment Financing

Freight Bill Factoring

The #1 cash flow tool for trucking companies. Factor your outstanding freight bills and get up to 90% of the invoice value the same day. No more waiting 30–60 days for brokers and shippers to process payment.

  • Advance rate: Up to 90% of freight bill value
  • Eligible: All major freight brokers and shippers
  • Speed: Same day to 24 hours
  • Best for: Any carrier with net-30+ payment terms
Learn About Invoice Factoring

Working Capital

Short-term capital for fuel cards, driver recruitment, emergency repairs, insurance premiums, or any trucking operating expense. No restrictions on use — just cash to keep your fleet moving.

  • Amount: $10,000–$250,000
  • Terms: 3–18 months
  • Speed: Same day to next day
  • Best for: Fuel, repairs, payroll gaps
Learn About Working Capital

Revenue-Based Financing

Repayments tied to your monthly revenue — pay more in heavy months, less in slow months. Ideal for seasonal carriers or companies expanding into new lanes before revenue stabilizes.

  • Amount: $10,000–$150,000
  • Repayment: Fixed daily/weekly ACH
  • Speed: 24–48 hours
  • Best for: Seasonal freight patterns, growth phases
Learn About RBF

Trucking Financing Comparison

OptionBest ForAmountSpeedRepaymentCredit Req.
Equipment FinancingBest for trucksBuying/financing trucks & trailers$10K–$500K24–72 hrsFixed monthly580+
Freight Bill FactoringBest for cash flowNet-30/60 broker payment gapsUp to 90% of ARSame dayAuto from broker payment550+ (broker credit matters)
Working CapitalFuel, repairs, driver payroll$10K–$250KSame dayDaily ACH550+
Revenue-Based FinancingSeasonal carriers, new lanes$10K–$150K24–48 hrsFixed daily/weekly ACH550+

Real Payment Examples for Trucking Companies

Scenario 1: 2 New Trucks

Equipment Cost: $150,000
Product: Equipment Financing
Down Payment: $15,000 (10%)
Financed Amount: $135,000
Term: 48 months
Factor Rate: 1.30
Monthly Payment: ~$3,656
For: 2 used Kenworth T680s for a Texas fleet

Scenario 2: Freight Bill Factoring

Outstanding Freight Bills: $80,000
Advance Rate: 90%
Amount Received: $72,000
Factoring Fee: 3% = $2,400
Reserve Released: $5,600 when broker pays
Net Cost: $2,400 for immediate $72K
vs. waiting 45 days with fuel running out

Scenario 3: Emergency Repairs + Payroll

Loan Amount: $35,000
Product: Working Capital
Term: 8 months
Factor Rate: 1.28
Total Repayment: $44,800
Daily Payment: ~$186 ACH
For: Engine rebuild on primary truck + 3 weeks payroll

Apply Now — Free Quote (305) 384-8391

How to Qualify for Trucking Financing

1
6+ Months Operating with MC/DOT Authority
Active FMCSA MC number and DOT authority required. Your authority must be in active status — not revoked or suspended.
2
$10,000+/Month Freight Revenue
Minimum $10,000/month in verified freight revenue. Owner-operators with one truck typically show $15,000–$25,000/month in gross revenue.
3
Credit Score: 550+
For freight factoring, broker/shipper creditworthiness matters more than your personal score.
4
Active Commercial Insurance
Minimum FMCSA-required cargo and liability coverage required for equipment financing. Certificate of insurance will be requested.

Trucking Application Checklist

Completed MFE application
3 months business bank statements
MC/DOT authority documents
Commercial insurance certificate
Government-issued ID
EIN / business formation docs
Equipment quote (for truck financing)
Outstanding freight bills (for factoring)
Start Application →

Trucking Company Loan FAQs

Trucking companies and owner-operators can borrow $10,000 to $500,000. Equipment financing for trucks and trailers can reach $500K. Working capital and invoice factoring amounts are based on monthly revenue and outstanding freight bills.

Yes. MFE approves owner-operators with credit scores as low as 550. For invoice factoring on freight bills, the creditworthiness of the freight broker or shipper matters more than your personal credit.

Freight bill factoring allows trucking companies to sell unpaid freight bills and receive up to 90% of the invoice value immediately. When the broker pays, you receive the remaining balance minus a factoring fee.

Same-day to 48-hour funding is available for most trucking finance products. Invoice factoring decisions are often made within hours. Equipment financing for trucks may take 24–72 hours.

Yes. MFE equipment financing can be used for both new and used Class 8 trucks, semi-trucks, box trucks, and trailers. Used vehicles up to 10 years old are typically eligible.

Your trucking business must have at least 6 months of operating history with active MC/DOT authority. Owner-operators who recently gained their authority should have at least 6 months of freight billing history.

Yes. We fund fleets of all sizes — from single owner-operators to 50+ truck fleets. Working capital eligibility is based on monthly freight revenue, not fleet size.

For working capital and invoice factoring: 3 months business bank statements, MC/DOT authority documents, EIN, and completed application. For equipment financing: add an equipment quote or bill of sale.
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Trucking Industry Specialists

Related Financing Resources

Equipment Financing Guide
Invoice Factoring Guide
Working Capital Loans
Revenue-Based Financing
Roofing Company Loans
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Don't Let Slow-Paying Brokers Ground Your Fleet

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Expertise: Our team includes certified funding specialists with years of experience helping businesses access capital.

Trust & Transparency: We're committed to transparent lending practices with no hidden fees or surprise terms.

Fast Approvals: Our streamlined process provides decisions within 24 hours in most cases.

Flexible Solutions: We work with you to customize funding solutions that match your specific business needs and cash flow.