Why trucking companies qualify
Trucking companies are classified under Local and Regional Freight Trucking, an eligible category. Local and regional freight is eligible. Long-distance TL and LTL trucking is restricted.
Broker settlements run 30-45 days while fuel, maintenance and drivers are paid immediately.
What the capital is normally for
In practice: fuel between settlements, repairs, a tractor or trailer, insurance premiums, driver pay.
Rate-cycle driven; fuel price swings hit margin directly.
The published thresholds
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.
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
Questions
Do you fund trucking companies?
Yes. Local and regional freight is eligible. Long-distance TL and LTL trucking is restricted.
What credit score is needed?
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
How fast can funding arrive?
Same-day decision, next business day funding on a complete file.