Trucking companies / Term loan
For a trucking company with a project to fund, here is how the 15% cap works on real numbers and when something else fits better.
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At Merchant Fund Express, we publish the terms and thresholds behind this page so you can check your own numbers before you apply.
When a trucking company has a specific job for the money, such as a tractor purchase, a trailer replacement or an engine rebuild, the cleanest structure is usually one amount and one schedule.
For a trucking company, the term-loan question is almost always a truck: a used tractor to add a lane, a trailer replacement, or an engine rebuild that will keep a unit earning for another two years. The price is quoted, the revenue per truck is known, and the payment can be tested against one unit’s weekly gross.
Published terms in one line: $10,000 to $250,000, 12 to 18 months, 0% origination, weekly payments, a 50% discount on remaining interest for a full early payoff, first position only and a cap of 15% of annual revenue; your offer shows the exact amount, term and total cost before you sign. See the business term loan page.
The 15% cap is the number to run first. Take a trucking company with roughly $120,000 in monthly revenue, which is $1,440,000 a year:
| Step | Illustration |
|---|---|
| Annual revenue (illustrative) | $1,440,000 |
| 15% cap on the loan amount | $216,000 |
| A request of | $70,000 |
| Fits under the cap? | Yes |
| Principal alone over 52 weeks | $1,346 a week (interest and the 12 to 18-month schedule are in your offer) |
Arithmetic on published terms, not an offer. If your request is larger than the cap, a line of credit or a smaller first loan may fit better.
If you already carry a daily-debit advance, see refinancing an existing advance; a term loan has to be in first position.
Yes, for a defined purchase. Because the amount is capped at 15% of annual revenue, a fleet billing about $120,000 a month can size a loan up to about $216,000. Merchant Fund Express shows the exact amount, schedule and total cost in your offer before you sign.
Weekly. A weekly payment leaves most of each week’s deposits in the account instead of debiting every morning.
A full early payoff earns a 50% discount on the remaining interest.
Apply with Merchant Fund Express: same-day decision, and applying takes a few minutes without affecting your credit score.
