Working capital
Working capital for fuel, payroll, and daily operations.
$25K–$250K unsecured commercial lines for trucking owner-operators and small fleets. Cover fuel, driver payroll, tolls, insurance premiums, and the gap during a slow month. Soft-pull match first; one hard pull only with the lender you pick.
No hard credit pull to start. · Takes about 2 minutes.
The short answer
What working capital actually is.
A trucking working capitalline is an unsecured commercial loan in the $25K–$250K range that the borrower can use for any operational expense. The lender underwrites the operation’s cashflow — bank-statement deposits over the last three months, time in business, credit band — and the loan is repaid from operations over a fixed term loan schedule, most often 6 to 24 months. Revolving structures (a line of credit) and asset-based ABL facilities are also available on a narrower subset of the panel.
The defining trade-off vs equipment financing is the lien. Working capital has no security interest, which is why APRs run higher (the marketing FAQ documents 14%–34% versus 9%–18% for equipment-secured loans). For trucking operators, working capital is the right product when the cashflow problem isn’t tied to a specific piece of equipment — fuel during a slow stretch, payroll across a broker default, insurance premium due, IFTA filing.
Who qualifies
Eligibility floors.
- 500+ FICO panel floor. Below 580 expect rates on the higher end of the 14%–34% range and a tighter maximum.
- 6+ months of operating history. The shorter your history, the heavier credit weighs. 12+ months opens the full working-capital range to most borrowers.
- $10K+ monthly revenue. Below that, panel routing narrows considerably regardless of credit band. Above $25K monthly revenue, panel access widens and the approved amount scales.
- Active DOT number. Authority in good standing with FMCSA.
- Active business bank account. Lenders need three months of statements and the account that will receive the wire.
- Operational tooling (helpful, not required). Operators running a TMS, a fleet management platform, or basic vehicle telematics tend to underwrite faster because revenue, miles, and uptime are documented rather than self-reported.
What the funds cover
Typical use cases.
- Fuel during slow stretches — most common use case on our panel. Operators bridge between dedicated lanes or at the start of a broker relationship before receivables ramp.
- Driver payroll — fleet operators covering a payroll cycle that lands before broker payment cycles, including driver per diem reimbursements. Particularly common after a broker default on a sizable receivable.
- Insurance premiums— annual or semi- annual premium payments that don’t fit comfortably into one month’s cashflow.
- IFTA, IRP, registration, permits — quarterly and annual regulatory expenses, particularly multi-state operations with stacked filings. Operators also use the same line to cover quarterly estimated taxes tied to their Schedule C so the IRS deadline doesn’t collide with a slow month.
- Broker default bridges — covering operations after a non-paying broker leaves a sizable receivable in collections.
- Refinancing higher-cost debt — consolidating MCA advances or short-term financing into a single lower-APR working-capital line. The new lender typically files a UCC-1 against business assets to perfect its position.
Composite scenario
What a working-capital request looks like.
Composite illustrative scenario — not a specific borrower. See methodology.
How the money moves
From application to wire.
- Application. Two minutes inside /apply. Revenue, time in business, what you’re covering. Soft-pull only.
- Soft-pull match. Redacted profile to the panel subset that funds your credit band and revenue range.
- Offers. APR, term, total cost on each term sheet, side by side, before any hard pull.
- One hard pull. Only after you pick a specific lender and decide to move forward.
- Wire. Same banking day after the chosen lender signs off, before the bank’s cutoff.
FAQ
Questions about working capital.
- How fast can I get a trucking working capital loan?
- 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, provided the wire instruction lands before that bank's cutoff. Wires that miss 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.
- What can I use a trucking working capital loan for?
- Anything operational. Fuel, driver payroll, tolls, insurance premiums, broker fees, IFTA, IRP, factoring fees, repair deductibles, and bridging slow months between dedicated lanes are all common uses. Working-capital lines on the Dispatched panel do not restrict use of funds at the line-item level — the lender underwrites the operation's ability to repay, and the proceeds are flexible.
- How is working capital different from invoice factoring?
- Working capital is a loan you pay back from operations over time; factoring is selling specific outstanding invoices for an immediate cash advance. Working capital costs more in 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.
- What APR can I expect on a trucking working capital loan?
- The observed panel range is 14% to 34% APR for working capital. The exact APR depends on credit band, time in business, monthly revenue, and the chosen lender's underwriting. Higher credit bands and longer operating histories quote toward the lower end; sub-580 borrowers quote toward the high end. You see the exact APR, term length, and total cost on the term sheet before signing.
- How much can a trucking operation borrow?
- The published range is $25K to $250K for the working capital product. Actual approval depends on monthly revenue, time in business, credit band, and lender underwriting. Some operators qualify for less than $25K or more than $250K via separate products not shown on the landing page. The application step asks the questions a lender needs to size the offer accurately.
- Can I use working capital to pay off a higher-rate loan?
- Yes. Refinancing higher-cost debt is a common use case on the Dispatched panel, particularly for borrowers consolidating multiple short-term cash advances into a single working-capital line at a lower blended cost. The application step asks about existing obligations so the lender can underwrite the consolidation accurately.
- Will applying for working capital hurt my credit?
- 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 documents do I need for a working capital loan?
- Three months of business bank statements, your EIN or SSN, DOT number, and a driver's license. For loan amounts above $75K the chosen lender will also ask for the most recent Schedule C or 1120 and current settlement statements from your carrier or broker. No business plan, no tax preparer letter, no IFTA printouts unless a specific lender requests them.
Cover the gap, run the work, repay from operations.
Soft-pull match first. One hard pull only with the lender you choose.
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