Commercial Trucking FinancingCommercial trucking and logistics professionals often have trouble qualifying for loans from banks, credit unions, and other traditional lenders. Most lenders are reluctant to provide trucking financing, because trucking is regarded as a high risk industry. Trucking business owners with bad credit or no collateral may find it nearly impossible to get approved for commercial trucking financing.
Horizon Business Funding is a direct lender offering alternative small business financing solutions that help entrepreneurs get access to the capital they need to grow their businesses. If you own a trucking business and your loan applications have been rejected because you have bad credit or no collateral, we can help you get the working capital you need.
A long as you have operated your business for at least 3 months and can show bank statements with deposits totaling at least $10,000 per month, then you will likely qualify for our commercial trucking financing program. Please note that we do not provide start-up business grants.
How Commercial Trucking Financing WorksOur commercial trucking financing ranges from $1,000 up to $1,000,000, and our fast approval process enables you to receive funding in as little as 24 hours. Additionally, we offer renewals on a regular basis, so you will always have access to working capital for your business.
We provide trucking finacing on the basis of your gross monthly revenue. We provide you with up-front capital, in effect purchasing a percentage of your future earnings. A small percentage is deducted from your business bank account each business day until the advance has been repaid in full. Our repayment plans are designed to ensure that your payments are always proportionate to your earnings, so your cash flow is never strained by payments when business is slow.
- No collateral or liens on your property.
- Receive funds within 24 hours.
- No credit card processing required.
- No application fee.
- Bad credit is not an issue.
- Bankruptcy and foreclosure OK.
- Advances do not appear on your credit report.
- No restrictions on use of funds.
Apply and QualifyThe approval process for our commercial trucking financing program is designed to help you get funded as soon as possible. Unlike banks, we do not require you to submit extensive documentation to determine your eligibility for financing. You can qualify for a loan by simply completing the application form on this page. For faster approval, you can download our complete application and fax it to 888-487-5509
Once you are approved, our underwriting department will review your application to determine how much money you qualify for. You will need to provide us with the following information:
- 3 months of bank statements
- 3 months of credit card processing statements (if available)
Even if your business does not process credit cards, you are still eligible to qualify for trucking financing, so don't hesitate to apply!
CALL TODAY AT 888-487-5509