How to get a business loan for a trucking company?
To get a business loan for a trucking company, match the product to the problem: equipment financing for trucks and trailers, invoice factoring for slow-paying brokers and shippers, and working capital loans for fuel, insurance, and repairs. Trucking is capital-hungry, a blown engine or a 60-day freight payment cycle can park a profitable operation. Quordx Capital works with transportation-specialty lenders inside its 50+ lender network who understand authority age, CDL experience, and freight invoices, and one free application puts your file in front of the right ones.
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Last updated · Reviewed by Cody Dreis
50+ Lenders|Funding in as little as 24 hours
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.
Apply for Funding
No obligation · Initial inquiry doesn't impact credit · Takes about 10 minutes
Written by
Cody Dreis
Founder, Quordx Capital
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Important Disclosures
Quordx Capital is a business funding broker, not a lender. We facilitate introductions between U.S. small and medium-sized businesses and lenders or capital providers in our network. All credit decisions, funding amounts, rates, fees, repayment terms, and timelines are determined solely by individual lenders based on their own underwriting criteria.
Funding figures and timelines shown on this page are illustrative and represent ranges within our lender network, they are not guarantees and individual outcomes may vary based on business profile, industry, time in business, revenue, credit history, and lender availability. Not all applicants qualify for every product.
The initial inquiry does not impact your personal credit score. Some lenders may perform a hard credit pull during underwriting; Quordx only authorizes such checks with your specific consent for the lender presenting an offer. Applicants are protected under the Equal Credit Opportunity Act (ECOA) from discrimination based on race, color, religion, national origin, sex, marital status, age, or because all or part of an applicant's income derives from any public-assistance program.
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