Industry

Trucking and logistics funding in Canada: what funders actually read.

The deposit patterns, seasonality and timing that decide how a Canadian trucking and logistics file is read.

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How funders read trucking and logistics files

Fuel, maintenance and insurance costs hit before broker and shipper payments arrive, so cash-flow timing is the central issue.

Receivable timing from brokers and shippers, often 30 to 45 days
Fuel and maintenance spikes
Seasonality and lane concentration
Number of units and how deposits scale with them

A worked example

Illustrative arithmetic

A trucking company in Mississauga with $110,000 a month in deposits takes $50,000 at 1.23 for repairs and tires, repaying $61,500 weekly over about 20 weeks. Eligibility for trucking varies by funder and file.

Every figure on this page is illustrative arithmetic in Canadian dollars. It is not an offer, a quote or a promise of approval.

Typical starting points

Monthly revenueTypically from around $20,000 a month in deposits for Canadian files. The exact line varies by funder and by file.

Time in businessTypically about 12 months. Newer businesses can be reviewed, but the options narrow.

Account healthLimited low-balance or negative days. Funders read the last few months of bank statements for this.

CreditScores from 500 are considered. A score of 600 or higher opens more options and better offers.

DocumentsA signed application and recent business bank statements, typically the last four months.

Existing advancesFiles with an existing advance can be reviewed, including second position.

Common questions

What do funders read first in trucking and logistics files?

Receivable timing from brokers and shippers, often 30 to 45 days, then fuel and maintenance spikes.

What is the money usually used for?

Most often: repairs and tire replacement; insurance and licensing renewals; fuel and driver pay between invoices; a used-truck down payment.

Is trucking and logistics funding the same as for other trades?

The review reads the same things in every trade. What changes is the rhythm: fuel, maintenance and insurance costs hit before broker and shipper payments arrive, so cash-flow timing is the central issue.

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