Financing
How trucking businesses pay for trucks, trailers, and cash flow: equipment financing, working capital, lines of credit, factoring, receivables financing, asset-based lending, SBA loans, merchant cash advances, and fuel cards. Each guide explains how the product works and what to compare before you sign anything.
- GuideFinancing · Equipment financing
Can I finance a used truck, and what do providers look at?
Yes, used trucks can be financed. What providers weigh about the truck and about you, what to check before you sign, and a labeled payment example.
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- ComparisonFinancing · Equipment financing
How do a TRAC lease, a $1 buyout lease, and a truck loan differ?
How a TRAC lease, a $1 buyout lease and a truck loan work, who carries the end-of-term risk, and a labeled example of what each can cost at the end.
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- ComparisonFinancing · Factoring
What is the difference between recourse and non-recourse factoring?
Recourse and non-recourse factoring decide who absorbs a customer's non-payment. What non-recourse usually covers, what stays with you, and what to read.
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- GuideFinancing · Factoring
What does freight factoring cost, and what fees come with it?
How a freight factoring fee is built: flat versus per period, reserves, add-on fees and minimums, with a labeled example and a calculator.
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- ComparisonFinancing · Merchant cash advance
What is the difference between APR and a factor rate?
A factor rate sets the total you repay. An APR also counts time. How they differ, a labeled example, and what California and New York require.
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- GuideFinancing · Merchant cash advance
What is a merchant cash advance, and is it safe for a trucking company?
A merchant cash advance is repaid by daily debits and priced by a factor rate. What it costs, how stacking and confessions of judgment work.
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- ComparisonFinancing · Equipment financing
Should I finance or lease my truck?
Truck loan, $1 buyout lease, fair market value lease or TRAC lease: who owns the truck, what happens at the end, and a labeled payment example.
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- GuideFinancing · Factoring
Can a brand-new trucking authority use freight factoring?
Whether factoring is open to a new trucking authority, what providers look at when you have no history, and what to read before you sign.
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- GuideFinancing · Equipment financing
How do I finance my first truck with a new authority?
How truck financing works when your authority is new: loan, lease and lease-purchase, what providers look at, and a labeled payment example.
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- GuideFinancing · Factoring
How does freight factoring work for a trucking company?
Advances, reserves, recourse, notice of assignment and fees: how freight factoring works, what to read in the contract, and a labeled cost example.
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- GuideFinancing · SBA loans
Can a trucking company get an SBA loan?
How SBA 7(a), 504 and microloans work for trucking companies, what each can fund, size limits for trucking codes, and why it takes longer.
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- GuideFinancing · Equipment financing
How does truck and equipment financing work?
How truck and trailer financing works: what it pays for, how the lien works, loan versus lease versus TRAC, how to compare offers, and tax basics.
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