Fuel today, paid in thirty days.
Owner-operators and small fleets carry fuel, drivers, insurance and maintenance every week, and wait on brokers and shippers for the invoice. A breakdown or a slow lane turns a good month into a tight one.
The problem
A load pays on net-30 or net-45 terms, sometimes longer with a large shipper. The diesel to move it was paid at the pump. Drivers are paid weekly. Insurance, permits and the truck payment do not wait for the broker.
Then something breaks. A transmission, a set of tyres, a trailer that fails inspection. The truck that earns the money is the thing that needs the money, and it earns nothing while it sits.
Funders vary more on trucking than on almost any other trade. Some decline it outright; others fund fleets every week and understand factoring, lease-to-own and fuel cards. The file has to go to the second kind.
- How you get paid
- Broker and shipper invoices, net-30 to net-45
- Where the gap is
- Fuel, drivers and repairs every week, before the invoice
- What tends to fit
- Equipment financing, a line of credit, revenue-based financing
How we help
Trucks and trailers financed as trucks
A tractor, a trailer or a major repair financed against the equipment, with payments sized to the loads it runs.
Cash for the weeks between invoices
A line or a revenue-based advance covers fuel and payroll while the broker pays, and is repaid as the invoices clear.
Sent to the funders that fund fleets
We know which funders take trucking and what they want to see: authority, insurance, the lanes and the statements. A fleet is never sent where it will be declined on sight.
What usually fits
Which one, or which two, depends on the file. These are the ones we reach for first with trucking.