Short Answer
Working capital loans give trucking businesses fast cash for operating expenses — fuel, repairs, insurance, payroll. Options include lines of credit (best rates), merchant cash advances (fastest, highest cost), and short-term loans. Invoice factoring is the most common working capital solution specifically for trucking.
Working Capital Loans for Trucking Companies (2026)
Key Takeaways
- → Working capital loans cover operating costs, not equipment — fuel, tires, repairs, driver pay.
- → Best option depends on speed need: factoring (same day) → MCA (24 hours) → LOC (1–5 days).
- → Invoice factoring is unique to trucking — advances 70–95% of unpaid freight bills immediately.
- → Lines of credit are the cheapest long-term option but require 1+ year in business.
- → MCAs carry factor rates of 1.1–1.5 — equivalent to 40–150% APR. Use as a last resort.
Best Working Capital Lenders for Trucking
See our ranking methodology. Sponsored listings are labeled.
eBoost Partners
Sponsored Best OverallRates From
6.5%
Up To
$500,000
Min Credit
550
Funding
Same day
Taycor Financial
Best for EquipmentRates From
7.0%
Up To
$2,000,000
Min Credit
600
Funding
1–3 days
Crest Capital
Fast ApprovalRates From
6.8%
Up To
$1,000,000
Min Credit
620
Funding
Same day
National Funding
Best for Bad CreditRates From
9.0%
Up To
$500,000
Min Credit
500
Funding
Next day
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Working Capital Options for Trucking Businesses
Four main products cover operating cash needs for carriers:
- Invoice factoring — Sell your freight bills to a factor at 2–5% discount. Get 70–95% of invoice value same day. No credit check. Best fit for trucking.
- Business line of credit — Revolving credit you draw on as needed. Rates: 6–25%. Requires 1 year in business and 625+ credit.
- Merchant cash advance (MCA) — Advance against future revenue. Fast (24 hours). Expensive (factor rate 1.1–1.5). Use only for genuine emergencies.
- Short-term business loan — Lump sum, 4–24 month term. Rates: 12–40%. Good for one-time large expenses (major repair, new driver training).
Invoice Factoring: The Trucking-Specific Solution
Factoring is how most carriers solve cash flow gaps. You've completed a load, issued an invoice, but the broker pays in 30–60 days. Factoring lets you get paid today.
How it works: submit invoice → factor advances 80–95% same day → broker pays factor in 30–60 days → factor releases the remaining 5–20% minus their 2–5% fee.
No credit check on you — the factor checks your broker's credit instead. This makes factoring accessible even to new carriers with bad credit. Compare the best factoring companies →
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