Industry
Broker and shipper terms run 30-45 days while fuel and drivers are paid immediately.
✓ Checking what you qualify for does not affect your credit score.
Freight and logistics companies are classified under Freight Transportation Arrangement, an eligible category. Local and regional freight is eligible. Long-distance TL and LTL trucking is restricted.
Broker and shipper terms run 30-45 days while fuel and drivers are paid immediately.
In practice: fuel, driver pay between settlements, trailers, dispatch software, insurance premiums.
Rate-cycle driven rather than seasonal.
Tier 1: 650 FICO, 3 years in business, $300,000 a year or $25,000 a month, 8+ monthly deposits.
Tier 2: 600 FICO, 6 months in business, $60,000 revenue, $800 minimum daily balance.
Renewal: 550 FICO, 2 years in business, once 50% of the original balance is repaid.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Yes. Local and regional freight is eligible. Long-distance TL and LTL trucking is restricted.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Same-day decision, next business day funding on a complete file.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
