How to get a business loan for a trucking company?

Matching trucking problems to the right financing

Trucking lenders underwrite differently than generic business lenders, and the product you choose matters more than in most industries:

- Buying or replacing trucks: equipment financing covers new and used vehicles from $5K to $5M+, with the truck itself as collateral, which is why approval is easier than unsecured loans. Rates commonly run ~7%-20% depending on credit, the equipment's age, and term (24-84 months typical). - Slow freight payments: invoice factoring is the industry's workhorse. Factors advance typically 70-90% of invoice value within days of delivery, and they underwrite your brokers and shippers, not your credit. - Fuel, maintenance, insurance, payroll: a working capital loan ($5K-$500K) or business line of credit ($10K-$250K+) keeps the operation rolling between settlements.

Newer authorities should expect more scrutiny: many lenders want 3-6+ months in business and roughly $10K+ in monthly revenue, though equipment deals with a solid down payment and factoring (which leans on customer credit) are the most startup-friendly routes.

Trucking funding options Quordx Capital brokers

Equipment financing: Best for purchasing semis, trailers, and reefers, new or used, using the asset as collateral.

A/R financing / invoice factoring: Best for carriers tired of waiting 30-90 days on freight bills.

Working capital loan: Best for operating costs that can't wait: repairs, fuel, insurance renewals.

Business line of credit: Best for ongoing flexibility across all of the above, drawing only what you need.

How Quordx Capital Works

Fill out one application in roughly 5 minutes, attach bank statements and standard documents, and let the matching process engine do the legwork: it identifies 3-7 lenders from the 50+ network with real transportation appetite, ranked by your approval odds. Decisions usually come back in 24-48 hours; funding follows in 3-7 business days, sometimes 1-3 for faster products.

What to Expect

If your credit took hits during a rough stretch, factoring and collateral-backed equipment deals remain realistic: the network includes lenders comfortable with challenged credit. Expect honest pricing comparisons, including a clear warning if an MCA's daily pulls would choke your per-mile margins. Applying costs nothing, obligates nothing, and Quordx Capital only gets paid by the lender when a deal funds.