FundNow Capital

Semi-Truck and Truck Financing

We are the premier lending firm that provides truck financing for companies Nationwide. Lots of trucking firms have a hard time accessing the much-needed financing options from lending institutions. Our goal at FundNow Capital has always been to advance competitive loan facilities to these trucking companies to enable them to manage their cash flows properly.

The trucking business is a capital intensive venture with high and low months when business and the resultant cash flows fluctuate widely. The loans for truckers cover a number of costs such as covering the numerous tolls, hiring new drivers, expanding your existing fleet and general maintenance costs.

Why choose to borrow from us?

Conventional lending institutions often demand extensive documentation and rigorous credit verification procedures. This means that even after obtaining approval, it may still take a few days for your loan to be disbursed. At FundNow Capital, we aim to eliminate the bureaucratic hurdles, enabling you to access essential credit swiftly to address your urgent financial needs. That’s why our loan application process is designed to be quick, simple, and transparent. As soon as you provide your basic business information, we will assess your business and financial performance and notify you about your application status within just a few hours.

When should I apply for a trucking loan?

Regardless of whether the economy is thriving or struggling, businesses and individuals consistently require a reliable method for transporting their goods. This indicates that at any given time, your trucking company may find itself in need of trucking business loans. If you’re looking to expand your fleet, automate operations, or establish new locations, securing a loan facility will be essential. Moreover, if your business is experiencing a temporary financial crunch and your finances aren’t in alignment, a trucking loan can provide the necessary support to address that issue.

The benefits of our commercial truck financing

One of the key factors behind our impressive clientele is our swift approval process, allowing funding to occur in two business days or less. A less-than-stellar credit history is not a barrier, as we thoroughly evaluate the overall performance of the business. Additionally, we offer a diverse range of Trucking Business Loans that can serve as capital for any business expenditure. It's important to note that our repayment structure is customized to align with your business’s distinct cash flow model. These are just a few of the added advantages that equipment financing offers for a trucking business.

Types of trucking Loans

When it comes to accessing the much-needed trucking loan, you simply need to think through four things. That is a business history, credit history, repayment period, and cash-flow. First, we can advance you a small secured business loan with repayment terms that can last for a couple of years.

We can also advance to you a merchant cash advance which is mainly needed for financial emergencies. Though the fees can run high, it is still the best option when you need the money immediately. Lastly, you can get a working capital loan that can help you meet the day-to-day expenses in the short run.

How to qualify for our trucking business loan

The trucking industry is both rewarding and high-risk, which results in a limited number of lending institutions willing to extend loans to truckers. However, there are several steps you can take to enhance your eligibility for a trucking business loan. First, ensure that your insurance coverage is sufficient and up-to-date for all trucks, employees, and inventory. Additionally, you must be able to showcase your capacity to repay the loan by meeting the required monthly revenue minimums. It’s also crucial that your business has been operational for some time, as we only provide loans to established businesses, not those that are just starting out.

The equipment we finance

Securing a loan from us is advantageous because we specialize in providing business loans specifically for trucking companies, encompassing a wide array of equipment. This includes heavy-duty tractors and trailers, medium-duty commercial trucks, box trucks, tow trucks, dump trucks, as well as PTOs and blowers—each free of any liens. We cater to a variety of clients, including owner-operators, established freight transport companies, private individuals, and vendor/dealer arrangements. Even if your trucking operation doesn’t fit neatly into these categories, we can assess your specific situation individually and guide you on your loan eligibility.

We are industry leaders

Our remarkable team of skilled professionals possesses extensive knowledge of the trucking industry and expertly manages our outstanding loan programs, enabling them to assist you in crafting competitive repayment plans. To date, we have provided over $150 million in loans across all fifty states, boasting an impressive 92% approval rate. By choosing to secure a trucking loan from us, you'll become part of a long line of satisfied clients in the industry who have relied on our services to support their trucking businesses.

We are the premier lending firm that provides truck financing for companies Nationwide. Lots of trucking firms have a hard time accessing the much-needed financing options from lending institutions. Our goal at FundNow Capital has always been to advance competitive loan facilities to these trucking companies to enable them to manage their cash flows properly.

The trucking business is a capital intensive venture with high and low months when business and the resultant cash flows fluctuate widely. The loans for truckers cover a number of costs such as covering the numerous tolls, hiring new drivers, expanding your existing fleet and general maintenance costs.

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