Emergency truck repair loan — funds today.

Same banking day, when the application clears soft approval before the chosen lender's wire cutoff. Cutoffs are typically 2 PM to 4 PM local for the lender's depository bank. Applications submitted after cutoff fund next banking day morning. The Dispatched panel runs soft pre-qualification in 20 minutes; the chosen lender countersigns the term sheet within 2 hours; the wire goes out within 4 hours of countersignature. Weekend breakdowns: most panel lenders accept Friday afternoon applications for Monday funding; a subset offer 24/7 funding via commercial cards.

The repair-loan band on the panel runs $5K to $150K. The amount is sized to the repair invoice plus a buffer for unexpected scope creep. Below $5K most operators self-fund or use a fuel card line; above $150K the repair is usually a major-component event (in-frame, transmission rebuild) that crosses into equipment financing structures with a different term and rate. The lender wires directly to the shop in most cases; some lenders wire to the operator's business account on confirmation of the invoice.

Same-day repair loans on the panel typically land in the 18% to 30% APR band, with the trade-off being speed versus cost. The fastest funding (truly same-banking-day) sits at the high end because the lender is taking on documentation and verification risk. Operators with 600+ FICO and 6+ months of consistent deposits see the lower end. Sub-580 operators with a real shop invoice in hand still fund — the truck-down urgency is a signal lenders price for — but rates are at the top of the band.

Not for pre-qualification, but for the wire you do. The lender wants to see the actual repair invoice or a written estimate on the shop's letterhead with the shop's W-9 or banking instructions. This is fraud-protection on the lender's side — they wire to the shop, not to a P.O. box. If you have not yet diagnosed the issue, run soft pre-qualification anyway at /qualify to know your max funding band before you walk into the shop; that protects your negotiating position on the repair scope.

Not at the application step. The Dispatched soft pre-qualification does not affect your FICO and is invisible to other lenders. A hard pull happens only after you accept a specific lender's term sheet. Hard pulls inside a 14-day rate-shopping window are counted as one inquiry on most scoring models, so comparing 2 or 3 emergency-repair lenders before picking is not a meaningful credit cost. Missed payments on the loan, like any other loan, will hurt the score after funding.

Yes. The panel floor is 500 FICO and the truck-down urgency is itself a credit-supportive signal — the lender knows that the alternative to funding is loss of income, which makes the operator more likely to prioritize the loan payment. Sub-580 operators should expect APR at the top of the 18% to 30% range and a slightly smaller maximum loan amount, but approval rates on emergency repair are higher than on unsecured working capital because the loan use is verifiable and bounded.

Yes, with caveats. Operators under 6 months of operating history qualify for a narrower lender subset. The substitute signal is the truck and the repair invoice: the lender knows that a working truck is the operator's only path to revenue, so funding the repair is more underwritable than funding general working capital to a new operator. Plan for higher APR and a smaller maximum loan than a seasoned operator would see for the same repair scope.

Scope creep on truck repair is the rule, not the exception. The application asks for a buffer (typically 10% to 20% above the initial invoice) so a Tuesday quote of $12K with a Thursday revised invoice of $14K does not require re-applying. If the actual repair lands materially above the loan, the lender will either fund a top-up wire (typically 24-hour turnaround) or work with the shop on a partial-payment structure. A repair that doubles in scope (in-frame engine rebuild discovered during a clutch job) typically pivots into a longer-term equipment-secured loan rather than the repair-loan product.