Term loans for transportation & trucking
A lump sum up front, repaid in fixed installments over up to 60 months. Fleet owners use Credible Lending term loans to add a tractor or trailer or cover a major repair, with up to 60 months and funded within 24 hours of signing.
| Amount | $10K – $5M |
|---|---|
| Term | Up to 60 months |
| Speed | Funded within 24 hours of signing |
| Payments | Weekly or monthly |
| Best for | Expansion, buildouts, one-time investments |
Common uses in transportation & trucking
- Add a tractor or trailer
- Cover a major repair
- Prepay insurance or fuel
- Bridge broker payment terms
Why fleet owners choose a term loan
Brokers pay slowly
Invoice financing turns delivered loads into cash this week.
Downtime costs money
A truck in the shop earns nothing. Fast capital gets it back on the road.
Growth means another rig
Finance the next tractor against the tractor itself.
How does a term loan work?
- 1
Tell us what the capital is for and how much it costs.
- 2
Your advisor structures an amount and term around your project timeline and cash flow.
- 3
Review the full cost of capital, in dollars, before you sign.
- 4
Receive the lump sum and repay on a fixed schedule. Early payoff options are available.
What do I need to qualify?
- 1 year in business
- $10K+ in monthly revenue
- 625+ FICO score
Other funding for fleet owners
- Equipment financingGet the equipment now. It secures the loan.Up to 100% of equipment cost · Matched to the equipment's useful life
- Invoice financingGet paid on invoices now, not in 30 to 90 days.Up to 90% of invoice value · Settled when your customer pays
- Working capital loansFast funding for everyday business costs.$10K – $2M · 3 to 18 months
Questions, answered
Something else on your mind? Ask an advisor.
Can fleet owners qualify for a term loan?
How long are Credible Lending term loans?
Can I pay off a term loan early?
Do you finance used trucks?
Ready when your business is.
Apply in about three minutes with a soft credit check. You'll hear back the same day.