Term Loans for Trucking & Transportation
Some fleet investments need predictable financing. Fleet expansion, terminal improvements, or major investments deserve fixed monthly payments you can plan around. When budget certainty matters, term loans provide clarity.
How much funding do you need?
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When Term Loans Work for Trucking
Term loans excel for substantial fleet investments where payment predictability matters more than draw flexibility. Fixed monthly payments enable precise budgeting.
Fixed Payment Budgeting
A $200,000 term loan at 14% for 60 months means $4,650 monthly. This predictability enables confident business planning.
Working Capital Component
Term loans can include working capital alongside equipment, providing comprehensive growth financing.
Total Cost Clarity
Interest rate and amortization show exact total repayment from day one.
Faster Than SBA
Term loans fund in 1-4 weeks versus 60-90 days for SBA. Rates higher but speed matters.
When Predictable Payments Matter
Major fleet investments often demand fixed monthly obligations.
MCA Payment Uncertainty
MCA payments vary with deposits. Unpredictable costs make planning difficult.
Major Investment Scale
Fleet expansion, terminal improvements, and growth require substantial capital.
Budget Integration
Fleet budgets require known costs. Variable payments complicate planning.
Working Capital Needs
Growth requires working capital alongside equipment. Comprehensive financing needed.
SBA Timeline
SBA offers best rates but takes 60-90 days. Term loans bridge when time matters.
Multi-Purpose Capital
Need capital for equipment, technology, and operations combined.
Trucking Term Loan Process
Get fixed payment financing with clear terms.
Application
Complete application with company information and use of funds.
15 minutes
Documentation
Provide bank statements and financial information.
Upload documents
Underwriting
We evaluate revenue, time in business, and repayment capacity.
7-21 days
Funding
Accept terms with fixed payment schedule. Funds deposited.
1-3 days
Structured Financing for Fleet Investment
Term loans provide predictable monthly payments over extended periods. When your trucking company needs substantial capital with budget certainty, term loans deliver clear costs.
Fixed Monthly Payments
Same payment every month. Know exactly what you owe.
Extended Terms
Terms from 1-7 years spread payments to manageable levels.
Clear Total Cost
Interest rate and schedule show exact total from the start.
Build Business Credit
Regular payments build business credit profile.
Faster Than SBA
Fund in 1-4 weeks versus 60-90 days for SBA.
Multi-Purpose
Equipment, working capital, and growth combined.
Trucking Term Loan Applications
Common situations where predictable financing serves carriers.
Fleet Expansion Package
Multiple trucks with working capital for operations.
Typical funding: $100K-$400K
Terminal Improvement
Facility upgrades and improvements.
Typical funding: $75K-$250K
Technology Investment
Fleet management and tracking technology.
Typical funding: $30K-$100K
Working Capital
Substantial working capital with fixed structure.
Typical funding: $50K-$200K
Debt Consolidation
Consolidate multiple payments into one fixed payment.
Typical funding: $75K-$300K
Growth Capital
Comprehensive growth financing.
Typical funding: $100K-$400K
Term Loans vs. Alternative Financing
Understanding when fixed payments make sense.
| Feature | Term Loan | MCA | SBA Loan |
|---|---|---|---|
| Payment Structure | Fixed monthly | Daily/weekly | Fixed monthly |
| Term | 1-7 years | 6-18 months | 10 years |
| Total Cost | Clear from start | Factor rate | Clear from start |
| Typical Rate | 12-20% APR | 25-45% effective | 9-11% APR |
| Predictability | Exact amount known | Varies | Exact amount |
| Time to Fund | 1-4 weeks | 24-72 hours | 60-90 days |
| Best For | Mid-range needs | Emergencies | Major investments |
| Documentation | Moderate | Light | Extensive |
Term Loan Requirements
What qualifies trucking companies for fixed payment loans.
Operating History
Established trucking operation with freight track record.
1-2+ years preferred
Revenue Level
Sufficient revenue to support fixed monthly payments.
$300,000+ annual
Owner Credit
Term loans require decent personal credit from owners.
620+ preferred
MC/DOT Authority
Active operating authority in good standing.
Active authority
Bank Statements
Business bank account showing freight patterns.
4-6 months statements
Cash Flow Capacity
Ability to maintain payments alongside operations.
Adequate cash flow
Strong freight revenue and consistent patterns support term loan qualification.
Real Results
Prairie Transport LLC
Dry Van Trucking, Iowa
The Challenge
Prairie needed $140,000 for 2 used trucks, ELD systems, and 3 months working capital. MCA quotes showed variable payments making budgeting impossible.
The Solution
We structured 48-month term loan for $140,000 at 15% with fixed monthly payments of $3,890.
The Result
Trucks purchased. Technology installed. Working capital provided. Fixed payments incorporated into monthly budget. Fleet grew from 5 to 7 trucks.
“MCA payments varied week to week. I could not plan. Fixed payments mean I know exactly what I owe each month. Much easier to run the company.”
Trucking Term Loan Data
Statistics on term lending for trucking companies.
Term Loan Advantages for Trucking
Why fixed payment financing works for carriers.
Budget Certainty
Build financing costs into business budget with precision.
Lower Than MCA
Term loans typically cost less than MCA products.
Clear Payoff Date
Know exactly when financing will be paid off.
Credit Building
Regular payments build business credit.
Faster Than SBA
When you cannot wait 60-90 days for SBA.
Multi-Purpose
Equipment, working capital, and growth combined.