Often, as a second position if deposits support both payments; disclose the existing advance balance and payment.
Check my optionsTrucking and logistics
An active advance does not automatically disqualify a trucking company from more funding. Many funders consider a structured second position if deposits support both payments, and a buyout can consolidate positions when payments are heavy.
Amount to request
$85,000.00
Funding range$25K to $5M
*Sample amounts shown. Your actual offer depends on your business and is reviewed before approval.
Approved files are usually funded the next business day.
Existing balances of $100,000 or less can be bought out.
You can apply at 500; stronger credit opens more products.
Advances, lines of credit and second-position options in one place.
Fast decisions. Applying takes about 5 minutes.
A short application. A soft credit pull to start.
We review revenue, time in business and bank activity, not just a credit score.
You see the amount, the schedule and the full repayment amount before you sign.
Funding in as little as 24 hours for qualified businesses.
Start with capacity. Underwriters add up all recurring debits, including the existing advance, truck notes, insurance financing and factoring fees, and compare them with weekly deposits. If the combined payments plus the new one still leave room in slower freight weeks, a second position may be approved; if not, the answer is likely a smaller amount or a restructuring.
Disclose fully. List the existing advance, its funder, remaining balance, payment amount and frequency, plus any factoring arrangement. Factoring companies typically hold a lien on receivables, and existing advance agreements may contain anti-stacking provisions. Undisclosed positions are a leading cause of late-stage declines.
Understand second position. A structured second-position offer is underwritten knowing the first advance exists, and the combined payment is sized to the account. That is different from uncoordinated stacking, where a new advance is taken without regard to existing ones. Ask whether the new funder coordinates with existing positions.
Consider a buyout when payments are heavy. If the current advance has daily debits that strain the account, a buyout of up to $100K can pay it off and replace it with one payment, often weekly, sometimes with additional working capital. Compare weekly outflow before and after and the added total cost.
Time it well. Applying after a few weeks of strong freight, with no negative days, generally produces better options. If the current advance is nearly paid, waiting until it is complete may produce a cleaner first-position offer.
MFE reviews existing positions as part of the application and can show second-position and buyout options for carriers, with credit from 500 considered.
Here is a second-position offer sized with an existing advance in view. Illustrative numbers.
| Amount funded | $60,000 |
| Factor rate | 1.20 |
| Total payback (amount × factor) | $72,000 |
| Fees deducted at funding (5%) | $3,000 |
| Net cash you receive | $57,000 |
| Weekly payment over 40 weeks | $1,800 |
| Same total as daily debits (~200 business days) | $360/day |
Illustrative numbers only. Your offer depends on your file; always compare net cash and total payback in writing.
| Capacity check | All debits vs. weekly deposits |
| Disclosure | Advance, factoring, balances, payments |
| Structured second position | Underwritten with first in view |
| Buyout | Consolidate up to $100K |
| Timing | After strong weeks or near payoff |
Good fit:
Probably not yet:
Often, as a structured second position if deposits support both payments.
Second position is underwritten with the first in view; stacking ignores existing positions.
Yes, factors typically hold liens on receivables.
When current payments strain the account and consolidation lowers weekly outflow.
If it is nearly complete, waiting may produce a cleaner offer.
Options begin at 500.
Practices vary; disclosure and coordination help avoid conflicts between agreements.
Example uses for illustration only.
Before you apply:
One secure application. A soft credit pull to start. No obligation to accept an offer.
Apply for Funding