Trucking financing, by product and by situation.
Nine financing products operators actually shop for, mapped to the cashflow situation each one solves. Pick the situation first; the product follows. Soft-pull match first; one hard pull only with the lender you choose.
No hard credit pull to start. · Takes about 2 minutes.
All nine products.
Trucking working capital
Unsecured commercial line for fuel, driver payroll, tolls, insurance premiums, and slow-month gaps.
Equipment financing
Secured loans for tractors, trailers, reefers, and lift gates. Longer payback than working capital, lower monthly payment.
Truck repair loans
Short-term financing for a specific repair — engine, transmission, brakes, after-treatment, accident damage. Same-banking-day funds.
Invoice factoring
Sell broker or carrier invoices for an immediate cash advance instead of waiting 30–60 days. Not a loan: no APR, no monthly payment.
Semi-truck financing
Class 8 tractors — Cascadias, Kenworths, Peterbilts, Volvos, Macks. Secured by the truck, longer terms than working capital.
Box truck financing
16ft to 26ft box trucks for last-mile, expediting, hot-shot, and Amazon Relay operators. Smaller loan sizes, smaller equipment value.
Owner-operator financing
Built around the 1099 sole-prop profile. Lenders underwrite ELD miles and settlement statements, not bank-grade DSCR worksheets.
New-authority financing
Capital in your first 6–12 months under your own MC authority. Factoring and higher-down-payment equipment loans dominate the segment.
Bad-credit truck financing
Same panel, same products — different routing. Lenders that underwrite revenue and equipment, not just FICO. Panel floor is 500.
Which product fits which situation.
The panel routes by what triggered the cash need, not by loan-product label. Pick the row that matches the moment; the linked product page covers the mechanics, eligibility floors, and the lender mix.
- Cash for fuel or payroll → working capital. Unsecured line, $25K–$250K, 14%–34% APR. Funds operations rather than equipment.
- Broken truck → truck repair loans. Short-term, repair-specific financing for engine, transmission, brakes, after-treatment, and accident damage.
- Buying a tractor or trailer → equipment financing. Secured by the equipment, 9%–18% APR, terms to 72 months.
- Outstanding broker invoices → invoice factoring. Sell specific invoices for immediate cash. Recourse and non-recourse routes available.
- Financing a Class 8 → semi-truck financing. The Class 8 subset of equipment financing — Cascadias, Kenworths, Peterbilts, Volvos, Macks.
- Financing a straight truck → box-truck financing. 16ft to 26ft equipment for last-mile, expediting, hot-shot, and Amazon Relay operators.
- FICO under 600 → bad-credit truck financing. Same panel, narrower lender mix; 500 is the panel floor.
- Under 12 months MC → new-authority financing. Factoring and higher-down-payment equipment loans dominate this segment.
- One-truck operator → owner-operator financing. 1099 sole-prop is the default profile here, not the exception.
Methodology, not marketing.
APR ranges on this site come from the panel’s published bands and the marketing FAQs that document them — 9%–18% on equipment-secured loans, 14%–34% on unsecured working capital. We do not invent rates and we do not paraphrase a number a lender did not publish. Where a per-product page does not yet carry a rate band, the page says so plainly. Read the full note at /methodology.
Dispatched is a matching platform. Loans are funded by third-party commercial lenders. We are not a lender and we do not underwrite or fund loans.
Questions about picking a product.
- Which trucking loan should I apply for?
- Pick by situation, not by loan name. Cash gap for fuel or payroll: working capital. Truck broken down: a truck repair loan. Buying a tractor or trailer: equipment financing. Slow-paying broker invoices: invoice factoring. Class 8 tractor: semi-truck financing. Straight or box truck: box-truck financing. FICO under 600 or under 12 months MC: the bad-credit and new-authority routes inside the same panel. The decision matrix on this page maps each situation to the right product page; the application then routes to the lenders that fund that product for your profile.
- Do I need good credit to qualify for trucking financing?
- No. The published panel floor is a 500 FICO. Below 580 the lender mix narrows and APRs sit on the high end of the observed band, but routing exists. The lenders we match to underwrite revenue and equipment, not just FICO — three months of bank statements, time in business, and the operation itself carry meaningful weight. We do not invent a panel floor under 500: below that score there is no routing on this panel.
- How fast can I get funded?
- Soft approval and lender match typically come back within 20 minutes of finishing the application. Funds hit your account the same banking day after the chosen lender countersigns and the wire instruction lands before that bank's cutoff. Wires after the cutoff settle the next banking day; weekend and federal-holiday wires settle the next banking day. We do not publish a median time-to-funds figure until the data layer can derive it from real signed-application and ACH-settled funding events.
- Can I apply for more than one product at the same time?
- Yes — and most one-truck operators end up using two or three of these products across a year. The application captures one situation at a time so the lender match stays clean, but resubmitting for a second product (e.g. equipment financing after a separate working-capital draw) does not cost anything and runs through the same soft-pull path. The lenders on our panel evaluate stacked obligations in their underwriting; existing balances reduce capacity rather than disqualify.
- Will applying hurt my credit score?
- Not at the start. The Dispatched application is a soft-pull match — soft inquiries are not visible to other lenders and do not affect your credit score. A hard pull only happens after you pick a specific lender and move forward on their term sheet. If you compare offers from multiple lenders, hard pulls inside a 14-day rate-shopping window count as one inquiry on most scoring models.
- What's the difference between a working-capital loan and invoice factoring?
- Working capital is a loan you pay back from operations over a fixed term; factoring is selling specific outstanding invoices for an immediate cash advance. Working capital costs more in APR (the panel range is 14%–34% APR) but gives you cash that is not tied to specific receivables and does not require notifying the broker or shipper. Factoring settles in days rather than weeks but eats into the margin on every invoice you sell. Different cost structures for different cashflow problems — both live on this panel.
- Does Dispatched fund the loans, or who does?
- Dispatched is a matching platform. Loans are funded by third-party commercial lenders on the panel. We are not a lender, we do not underwrite, and we do not fund loans. The chosen lender is disclosed on the term sheet and is the entity bound to you on the loan. Dispatched is paid a referral fee on funded loans.
Match to the right product, then to the right lender.
Soft-pull match first. One hard pull only with the lender you choose.