Capital for your fleet growth — Truckers Finance

Depending on the complexity of your request and the lender requirements, you can generally expect to see funds in your account within 24 to 72 hours. Equipment loans involving titles may take slightly longer, while working capital advances are typically processed at the faster end of that range.

Yes, but options differ from established fleets. Lenders for startups often look for industry experience, personal credit strength, and a solid business plan for your freight routes. Expect to provide at least 3-6 months of bank statements to show you can manage basic operating costs.

A loan typically means you own the equipment immediately and make payments toward the principal plus interest. A lease is more like a rental with an option to purchase at the end. Leases can offer lower monthly payments and potential tax advantages, often ranging from 24 to 60 months.

While no down payment options exist, they often come with higher interest rates or stricter requirements. Most lenders prefer a down payment between 10% and 20% of the equipment value, as it lowers their risk and can help you secure a much better interest rate for your business.