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Trucking business loans from Amerifi

Trucking business loans from Amerifi

Get the business financing you need to grow and thrive.

Transportation companies face many challenges…


Labor Shortages

Trucking needs nearly 200,000 new drivers in the next 10 years.



Fuel economy, hourly limits, and logging devices can add up.



Safe parking is scarce and accidents are on the rise.


Cash Flow

It can take up to 90 days to get paid.

Amerifi helps trucking companies like yours

with a range of small business loans and other business funding solutions for transportation and logistics companies, giving you the resources to address your biggest challenges.

America needs trucks and trucking companies, but the government doesn’t always make it easy to be a trucking company, and your workforce isn’t as stable as it used to be.

There’s a certain appeal to driving a truck, and you might well have started out (or still are) behind the wheel before deciding to become an owner-operator, or simply a trucking business owner with your own team of drivers. But there are more moving parts than ever behind the transportation industry, and it’s likely to get only more complex over time. There's a huge difference between driving for a business and owning one.

To simply start a trucking company, you’ve got to have a truck. To grow your company, you’ll need more.

The startup and expansion costs of trucking companies are much like that of restaurants, with massive and inflexible upfront expenses that don’t respond much to any economies of scale.

If your customers aren’t putting a ton of money down ahead of time (and how often does that really happen?), you’ve got to put up the cash or take out the loan to buy the truck and get the job done.

Amerifi can certainly help you with equipment loans that can get you the next truck for your fleet, but we’ve also got many other business financing products to address other aspects of your business as well.

Hiring drivers has never been harder, with record-low unemployment, low interest in the industry from younger generations, and the well-documented challenges of truckers' working conditions. It’s gotten so competitive that some trucking companies see their entire driver workforce turn over every year.

To keep your best drivers around and recruit new ones for your growing fleet, you may need to promise good salaries and benefits. Many trucking companies are even instituting health and fitness programs to help drivers, who are twice as likely to be obese and have diabetes as the general population, get and stay in shape. Do you have the margins and the capital to do all of that with your current client base?

Speaking of that “current” client base, you probably want to add new clients to your roster and expand your relationships with the ones you have. You certainly can’t grow any other way.

You can’t sit back and wait for clients to fall into your lap. Your competitors aren’t waiting for it, and if you want to keep up with them, you’ll need a sales and marketing operation to bring in new contracts or secure new relationships with brokers. At the very least, you’ll need an administrative staff to manage a growing fleet and a longer list of business relationships.

The bigger you grow, the more regulations you’ll run into, and every trucking company knows it’s tougher than ever to stay compliant with every mandate, rule, law, and directive coming from the government.

You’ve got to buy logging devices, restrict your drivers’ total hours, maintain multiple types of insurance, file tons of paperwork, and submit to regular inspections. Each individual regulation might be an annoyance, but all together they can become a burden.

Even if you’ve handled personnel, equipment, and regulatory issues, you can’t control the health of the economy or the cost of fuel.

A weaker economy means fewer things get sold, which means fewer things need to be shipped to stores or customers’ doors. And a spike in fuel costs can wreck your margins almost overnight.

Sometimes you simply need a bit of financial assistance until things turn around. That’s where Amerifi can help, with trucking loans to cover a wide range of business needs and conditions.

How it works


Loan Amounts

Up to $20 milion


Time to Fund

1 day to 4 weeks


Term lengths

3 months to 5 years


Interest rates

5.49% and up

Why choose Amerifi business funding?

  • Fast to fund (as fast as one day!)
  • Works for businesses with limited history
  • Works for owners with bad personal credit scores
  • Good for addressing one-time issues
  • Gives you the resources to scale
  • Use funds to handle any business need

If you have...


Time in business

3 months or more



$10,000 per month ($120,000 in annual revenue)


Credit score


You could be eligible for small business funding today!

Trucking businesses often benefit from the following types of loan options:


Few trucking companies can exist without a fleet of semi trucks, which makes equipment financing one of the most popular and essential forms of business funding for the transport and logistics industry.

Equipment financing looks much like a car loan, and like cars, your trucks can also be leased for several years.

Equipment loans can be obtained in amounts up to $2 million -- allowing you to buy several trucks at once -- and are secured against the equipment itself.

We rarely need extensive documentation to qualify you for an equipment loan, and in some cases, you may not need to supply company financial statements or bank records at all. The interest rates, monthly payments, and terms (from 12 to 60 months) all resemble the structure of auto loans.

A down payment is often required to obtain equipment financing.


Term loans are often good funding options for covering major business expenses, like fleet additions or upgrades, new technology, significant hiring and/or training plans (including hiring bonuses), or consolidating existing high-interest debts.

Term loans are typically paid back monthly, and have repayment terms ranging from one to five years. Term loans often have lower interest rates than many other forms of financing as well.

Small business owners with excellent histories can see interest rates for their term loans nearly as low as the interest rates of home loans. Secured term loans can be obtained in amounts up to $20 million, and unsecured term loans are available up to $400,000.

Unsecured term loans can be approved within three business days, while secured term loans can take two to four weeks to process. This is much faster than Small Business Administration or SBA loans, which rarely process in less than 90 days, and often take a year or more to fund.


A business line of credit can be accessed at any time, in any amount, up to your credit limit, and any outstanding balance must be repaid monthly or weekly over the course of a year. You only pay anything, including accrued interest, on the amount you’ve withdrawn.

You can renew a business credit line every year and keep it open for as long as you need.

A credit line’s limit can grow as your business builds a stronger business credit report and generates more revenue.

Transportation and logistics companies with cyclical or seasonal fluctuations in their business volume can use their credit lines to smooth over temporary and fairly predictable declines in revenue. A line of credit can also help you deal with sudden fuel price spikes or unexpected needs for repairs.

A business line of credit often has much higher credit limits than personal credit cards.

Trucking company small business owners with good business histories and strong revenues may be eligible for as much as $20 million in business credit. Amerifi offers several credit line options for trucking companies, including one-year fully amortized credit and interest-only lines.


Invoice factoring allows you to “sell” your outstanding invoices from verified customers to a factoring company, which will pay you most of the outstanding balance and take over the collections process. You won’t owe anything on your invoice factoring funds, because our fees come from collecting what you’re owed directly from your clients.

If you’re waiting months for brokers, shippers, or other clients to settle up, invoice factoring can be a great form of financing to help smooth out your cash flows and get you the money you’re owed so you can grow your business.

Accepting invoice factoring means accepting that someone else will be collecting money from your customers, so you may need to prepare them for the change-over.


Your trucking company’s equipment, accounts receivables, real estate, and other assets can all collateralize a secured loan. Many of these asset types can be utilized by distinct financing options tailored to fit different business situations.

Secured loans are typically provided at lower interest rates than unsecured loans, and can have more flexible repayment terms as well.


Working capital, also known as a business cash advance, is often a good initial financing option for startup trucking businesses and trucking company owners with bad credit.

Working capital is often available without personal or business collateral, and we may not need a personal guarantee, either. Most working capital can fund within 24 hours after you’ve submitted your application.

Working capital is typically used for immediate expenses, like your next payroll, unexpected repairs or new supplies, and other short-term payables or bills. You’ll repay this funding daily (every weekday) or weekly, for anywhere from three months to two years.

We’ve obtained working capital for trucking company owners with credit scores as low as 450, and with as little as three months of business history.


Your credit health and your business performance are what we look at when determining the available capital and interest rates for your unsecured loans.

Working capital and term loans are both available as unsecured financing, and a business line of credit is often unsecured as well.

Trucking companies with strong cash flows and better credit histories (business and personal) can receive unsecured term loans in amounts up to $500,000, and unsecured working capital is sometimes available up to $1 million.