Running a trucking company in 2026 means managing cash flow with precision. Between rising fuel prices, unexpected breakdowns, and delayed payments from brokers or shippers, it’s no surprise many trucking business owners turn to funding solutions to stay on the road and stay profitable.

At Approvd, we work with carriers, freight operators, and logistics business owners every day who need fast, flexible capital to keep operations running. Whether you’re an owner-operator managing one truck or a fleet owner looking to expand, here’s what you need to know about funding for trucking businesses.

Why Trucking Businesses Need Working Capital

Cash flow challenges are common in the trucking industry, especially when:

• Fuel costs spike suddenly
  
  
• Repairs or maintenance hit unexpectedly
  
  
• Freight invoices take 30–90 days to clear
  
  
• You land a large contract but need upfront cash for tolls, lodging, or labor
  
  
• You want to purchase or lease an additional truck to grow
  
  

You may have revenue booked, but if the money hasn’t cleared yet, you're stuck. That’s where business funding can bridge the gap.

Top Funding Options for Trucking Companies

Here are the most common funding products used by trucking businesses through Approvd:

1. Working Capital Advance

• Best for: Fuel, tires, tolls, repairs, or dispatch software
  
  
• Why it works: Get up to $250,000 based on recent deposits — not credit score or collateral
  
  
• Repayment: Fixed daily or weekly payments based on revenue
  
  

2. Equipment Financing

• Best for: Buying or leasing trucks, trailers, or diagnostic tools
  
  
• Why it works: You can finance up to 100% of the cost with terms that match the life of the equipment
  
  
• Repayment: Monthly payments over 2–5 years
  
  

3. Business Line of Credit

• Best for: Flexible recurring needs like fuel or emergencies
  
  
• Why it works: Only pay interest on what you use
  
  
• Repayment: Revolving access as you repay
  
  

4. Merchant Cash Advance (MCA)

• Best for: Fast approvals when banks say no
  
  
• Why it works: Based on your business bank activity, not your credit history
  
  
• Repayment: Daily or weekly deductions from your account
  
  

What Funders Look For in Trucking Applications

At Approvd, our minimum eligibility for trucking companies includes:

• At least 12+ months in business
  
  
• $10,000+ in monthly revenue
  
  
• A business bank account with regular deposits
  
  

Unlike banks, we don’t require perfect credit or collateral. We look at:

• Your average monthly deposits
  
  
• Consistency in income (even if it's seasonal)
  
  
• Type of freight you haul and contracts in place
  
  
• No major NSF or overdraft trends in your statements
  
  

If you’re an owner-operator with 1–2 trucks or a small fleet with steady work, you may qualify in under 24 hours.

Real-World Examples

• A freight hauler in Ohio used a working capital advance to cover tire replacements and fuel after landing a regional route expansion.
  
  
• A hotshot trucker in Texas needed $20K to lease a new trailer before peak season. Approvd delivered funding in 36 hours using 3 months of bank statements.
  
  
• A reefer carrier in Florida used revenue-based financing to upgrade refrigerated units for compliance ahead of a USDA contract.
  
  

What Makes Funding Fast with Approvd

Most trucking businesses can’t wait weeks for a bank to decide. Here’s why Approvd is built for speed:

• No long applications: Apply online or over the phone in minutes
  
  
• Minimal paperwork: Just 3–6 months of business bank statements to start
  
  
• Real human experts: We package your file and work directly with underwriters
  
  
• Fast turnaround: Many trucking clients are funded in as little as 24–48 hours
  
  

Common Questions Trucking Owners Ask

Q: Can I get funded if my credit isn’t great?
Yes. Approvd prioritizes your business performance — not your credit score.

Q: Can I use funding for fuel, repairs, or lodging?
Absolutely. Working capital can be used however your business needs it.

Q: Do I need to own my trucks to qualify?
No. As long as your business deposits meet eligibility, you can be a leased operator.

Q: What if I’ve been declined by a bank?
Banks often say no to trucking companies due to risk. We say yes based on real data and performance.

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Keep Your Trucks Moving with Fast Capital

Trucking keeps America running, but only if your trucks stay on the road. Whether you need $15K to get through a slow season or $100K to add new equipment, Approvd helps you move quickly and confidently.

Keep your trucks moving — get funded fast.

Check how much you qualify for today.

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