Business Term Loans for Trucking Companies

Some trucking capital needs are one-time and specific — buying a first truck to start a fleet, or a major fleet expansion. A business term loan provides a lump sum of capital upfront, repaid over a set period through regular scheduled payments.

Why a term loan fits trucking specifically

Term loans generally suit established businesses with a clear, one-time capital need. Because payments are fixed, they work best when a carrier has predictable freight revenue to support consistent repayment.

Common uses for trucking companies

• Expanding a fleet with multiple trucks at once
• Funding a major business expansion or new terminal
• Refinancing existing higher-cost debt

What to expect

Commonly requested documents include recent business bank statements and basic business financial information.

Frequently asked questions

Is collateral required? Some term loan programs require collateral and some do not, depending on the specific program you’re matched to.

See the full Business Term Loans product page, or explore funding options for the trucking industry.