Quick answer: Trucking companies and construction contractors usually get the best results from a combination of financing: equipment financing for trucks and machinery, a line of credit or term loan to cover fuel, payroll and materials while waiting to be paid, and invoice factoring for slow-paying customers. Non-bank lenders can fund established trucking and construction businesses within days, even when banks consider the industry too risky.
Why trucking and construction need special financing
Both industries spend a lot of money up front and get paid later. A trucking company pays for fuel, insurance and drivers before a broker pays the invoice 30 to 60 days later. A contractor buys materials and pays crews long before a progress payment arrives. That gap is why working capital matters so much, and why banks, which prefer steady and predictable revenue, often turn these businesses down.
Trucking and contractor loans compared
| Option | Trucking use | Construction use | Speed |
|---|---|---|---|
| Business term loan | Down payments, repairs, expansion, insurance renewals | Mobilizing a new job, hiring, equipment repairs | Same day to a few days |
| Line of credit | Fuel, tolls, payroll between broker payments | Materials and payroll between draws | 1–3 days |
| Equipment financing | Tractors, trailers, reefers | Excavators, loaders, work trucks | A few days |
| Invoice factoring | Freight bills from brokers and shippers | Invoices to general contractors or owners | A few days |
| SBA loan | Fleet expansion, refinancing | Large equipment, real estate, buying a company | Several weeks |
Financing for trucking companies
- Fuel and payroll gaps: a line of credit lets you draw only what you need until brokers pay.
- Breakdowns and major repairs: a fast term loan gets a truck back on the road before you lose loads.
- Adding trucks: equipment financing for the truck, plus working capital for the insurance and driver costs that come with it.
Financing for construction contractors
- Starting a big job: a term loan covers materials, permits and payroll until the first draw.
- Retainage and slow pay: a line of credit smooths out the wait for final payments.
- Equipment: equipment financing or a term loan for machinery and work trucks.
What you need to qualify
At Brookestone Funding, trucking and construction businesses can qualify for $10,000 to $2,000,000 with terms up to 36 months and rates starting at 8% for qualified businesses. Minimums are 2+ years in business, $30,000+ in monthly revenue, a 600+ credit score and recent business bank statements. Qualified files can be funded the same day.
Tips before you apply
- Have recent bank statements that show your deposits from brokers or project payments.
- Know your average monthly revenue and existing equipment payments.
- Size the loan payment to your slowest month.
- Compare the total repayment amount across offers, not just the rate.
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Frequently Asked Questions
Can trucking companies get a business loan quickly?
Yes. Trucking companies with 2+ years in business, $30,000+ monthly revenue and a 600+ credit score can often be funded the same day or within a few days by Brookestone Funding.
What is the best loan for construction contractors?
It depends on the need. A line of credit works best for materials and payroll between draws, a term loan for starting large jobs, and equipment financing for machinery.
Do lenders consider trucking and construction high risk?
Many banks do, because revenue is uneven and payment terms are long. Non-bank lenders focus on actual bank deposits, so established companies in these industries often qualify.
Can I use a business loan to buy a truck or equipment?
Yes. You can use equipment financing for the vehicle or machinery itself, or a term loan if you also need money for insurance, repairs or other startup costs.
Ready to see what your business qualifies for? Brookestone Funding offers business term loans, lines of credit and SBA loans from $10,000 to $2,000,000, with same-day funding available for qualified businesses. Apply in minutes, see our business loan options, or call 212-258-0602.
