Trucking Business Loans

Good credit or bad, National Funding can customize a loan that provides quick and easy access to capital

 

Custom Tailored Trucking Business Loan

If you own or operate a trucking business, you know just how important it is to stay organized, keep those trucks on the road, and maintain a staff of competent and committed drivers. Our nation doesn’t move unless trucks are on the road, so it is as crucial as ever to capitalize on the pent-up demand for freight services and general trucking needs. With a shortage of drivers on the road today, you can gain a distinct advantage on the competition when you properly maintain your fleet of trucks, hire the right drivers, and use the appropriate logistics tools to manage the entire operation.

Remaining competitive in this industry requires continual investment in your company. For instance, trucks and trailers require periodic maintenance, the replacement of wearable parts, payment for annual registrations and certifications, and more. And that’s just to keep them on the road! Further financial demands come into play when you factor in driver wages, liability insurance, fuel and toll expenses, licensing fees, and more. In order to effectively manage these expenses and claim your slice of the lucrative trucking market, you’ll want to partner with a reliable and responsive source for small business capital – a lender like National Funding.

At National Funding, we provide affordable and flexible financial solutions for businesses of all types – and we don’t shy away from the trucking industry like other finance companies tend to do today. We can help your trucking business to achieve short, medium, and long term financial goals by creating a custom tailored trucking business loan that will provide quick access to affordable capital – even if you have bad credit.

Trucking business loans and financing

Why Choose National Funding for a Trucking Business Loan?

Unlike traditional lenders, like banks or credit unions, we don’t make you fill out stacks of forms or submit reams of unnecessary documents in order to qualify for a trucking business loan. In fact, our streamlined process is part of what has made us so successful when working with businesses just like yours. Upon approval you will have nearly-immediate access to the funds you need. You can use your new business loan for virtually anything, but most trucking professionals use theirs to:

  • Upgrade existing vehicles or complete repairs to get trucks back on the road
  • Hire new staff to extend the operating range of the business and drive revenues
  • Pay for occasional expenses, like licenses, insurance policies, and large repair bills
  • Purchase new or pre-owned trucks, trailers, or related equipment
Trucking business working capital and funding options

Here’s How it Works:

First – take a few minutes and apply online. We will use this information to create a customized lending solution for your trucking business that will easily fit within your allocated budget. We only ask for basic business-relevant information, so you’ll finish the application in just a few minutes. Next, we’ll provide you with a lending decision the same day you complete the application. You can use this information to determine whether the loan is a good fit for your needs and if it will help you to accomplish your business goals. We are often able to provide you with the funds you need in as little as 24 hours!1

Regardless of how you choose to allocate your trucking business loan, you’ll love the flexibility and affordability that has become the hallmark of a National Funding loan.

Get started and prepare to watch your business grow!

Small Business Loans

When others say no .... National Funding says YES!

National Funding is a direct lender, which means there’s no middleman. We offer the flexibility to create small business loans with terms that meet your specific needs as a borrower. Our high approval rates mean that we can say ‘yes’ when traditional lenders say no. You’ll get a dedicated Loan Specialist who has specific knowledge about your industry and will provide you one-on-one personalized service.

There is no obligation to get started, and no need for collateral or a down payment. Click or call and receive a quick decision and funding in as little as 24 hours.1

  • Loans from $5,000 to $500,000

  • No collateral required

  • Easy, no cost, no obligation application

  • Automatic payments

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Disclosures

Legal Disclosures

True to our mission, we encourage you to read the following policies and learn how they affect you as a client.

 

(1) 24 hours:

Fast approvals and 24 hour funding subject to receipt of required documentation, underwriting guidelines, and processing time by your bank. Funds are deposited into your business checking account as soon as the next business day after approval and acceptance of terms.

 

(2) Early payoff discounts:

National Funding offers special opportunities for its customers to terminate contracts early and receive a discount in the process.  Equipment Finance customers who pay off the total remaining balance early,  at any point during the contract, will automatically receive a 6% discount off the total remaining balance.   Working Capital customers who pay off the total remaining balance in full within the first 100 days of the contract will automatically receive a 7% discount off the total remaining balance.  We do not currently offer a discount on our lease contracts. Customers must pay off the balance in full, be current, and in good standing to take advantage of the discount within the time parameters.

 

(3) Automatic payments:

Loan payments are withdrawn via Automatic Clearing House (ACH) Monday through Friday excluding bank holidays.

 

(4) Wide variety of payment options:

  • Equipment Financing: payments are remitted monthly with terms of 2-5 years
  • Working Capital Loan: payments can be remitted daily or weekly with terms of 4 months up to 24 months

 

(5) Huge potential tax savings:

Section 179 tax deduction is a lucrative and important tax break that has been made permanent across the board, under the Protecting America from Tax Hikes Act (PATH Act).  In most cases, the IRS allows your equipment lease or loan payments to be 100% tax deductible!  You can secure the equipment, tools, and technology that you need, while also taking advantage of significant tax deductions — up to $500,000.  Consult your tax professional for more details.

 

(6) Guaranteed lowest payment:

Pursuant to the terms and conditions specified in these Rules and Restrictions of the Guaranteed Lowest Payment, National Funding guarantees to provide the lowest payment on equipment leased through National Funding, for lease terms from 24 to 60 months, or to pay $1000 towards qualifying executed leases. Lease payment comparisons must be based on a lease in excess of $10,000, for approved equipment, and with the same terms and conditions as those offered by National Funding within seven days that the National Funding terms are issued. To be eligible, customers must provide a competitive lease quote without contingencies, and vendor invoice, and in the name of the lessee within seven calendar days of the date National Funding issues its terms. Guarantee only valid on competitive equipment leases. Equipment finance agreements do not qualify.

In the event that the monthly lease payment amount from the competing lease company or bank is lower than the monthly payment that is being offered by National Funding for the same equipment and pursuant to the same terms, National Funding will verify the validity and accuracy of the competing leasing company’s or bank’s payment options, terms and the vendor quote. National Funding has the option, in its sole discretion, to either beat the competing leasing company’s or bank’s monthly payment rate, or pay $1000 to the lessee. The lessee must provide National Funding with the competing company’s or bank’s signed lease agreement with payment terms/options, and take delivery of the equipment. Payments will be made within 30 days, and lessee is responsible for any taxes.

The Guaranteed Lowest Payment is available to both new and established customers of National Funding. This offer is valid for new lease applications only. The Guaranteed Lowest Payment is not retroactive — a previously funded equipment lease with National Funding is not eligible for the Guaranteed Lowest Payment. Only non-contingent offers of lease terms and payment are eligible. Offers made to lessee that include subsidization by manufacturers and/or vendors will not be considered in comparing competing offers.

The Guaranteed Lowest Payment may be discontinued at any time without notice.

To participate in the Guaranteed Lowest Payment program, if you have a lease agreement and vendor quote which you believe will qualify for the program, contact your National Funding Lease Manager.

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