Funding for trucking.
Trucking companies face high capital demands for vehicle purchases, fuel, insurance, and maintenance while waiting 30 to 90 days for freight brokers and shippers to pay invoices. Impruvu connects carriers, owner-operators, and logistics companies with funding from $25,000 to $5 million, including freight factoring that converts unpaid invoices into same-day cash.
Common challenges
- Fleet expansion and vehicle purchases
- Fuel costs and maintenance expenses
- Accounts receivable factoring for freight invoices
- Insurance and compliance requirements
Recommended products
Final product mix and terms depend on your business profile. Your advisor confirms what fits after the inquiry call.
How we fund trucking.
The trucking industry is capital-intensive at every level. A single new Class 8 semi-truck costs $150,000 to $200,000, and a used truck in good condition runs $50,000 to $100,000. Add trailers at $30,000 to $80,000 each, annual insurance premiums of $10,000 to $20,000 per truck, and fuel costs that can exceed $70,000 per truck per year, and it becomes clear why access to capital is the difference between growth and stagnation for most carriers.
Impruvu works with lenders and factoring companies that specialize in transportation financing. Freight factoring is the most widely used product in the industry, allowing carriers to sell unpaid freight invoices and receive 90-97% of the invoice value within 24 hours instead of waiting 30-90 days for payment. This solves the core cash flow problem that every trucking company faces: fuel, drivers, and maintenance must be paid immediately, but revenue arrives weeks or months later.
For fleet expansion, our equipment financing partners offer truck and trailer loans with terms up to 7 years and competitive rates for both new and used commercial vehicles. Owner-operators with as little as one truck and 6 months of operating history can qualify. Larger carriers looking to add 5-50 trucks can access fleet financing packages with volume-based pricing.
Where trucking businesses get stuck.
Each of these is solvable with the right product mix. Your advisor will walk you through which apply to your business.
Fleet expansion and vehicle purchases
Fuel costs and maintenance expenses
Accounts receivable factoring for freight invoices
Insurance and compliance requirements
Built for trucking.
What you get when your advisor actually understands your industry's cash cycle, capital needs, and lender expectations.
- Freight factoring with same-day funding and advance rates of 90-97% on verified invoices from creditworthy brokers and shippers
- Truck and trailer financing up to $5M with terms up to 7 years for new and used Class 6-8 commercial vehicles
- Fuel cards and fuel advance programs integrated with factoring to reduce per-gallon costs and simplify cash management
- Lending partners familiar with FMCSA authority requirements, DOT compliance, and the seasonality of freight markets
Recommended funding for trucking.
Often the right answer is a combination — short-term flexibility paired with long-term capital.
Questions from trucking owners.
Quick answers about funding for businesses like yours. For your specifics, your advisor will cover them on the discovery call.
Talk to an advisorReady to grow your trucking business?
Five-minute inquiry. No hard credit pull. Your advisor takes it from there.