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Trucking Company Loans: How Owner-Operators Can Secure Fuel Financing & Equipment Leases (Bad Credit OK)

Trucking Company Loans: How Owner-Operators Can Secure Fuel Financing & Equipment Leases (Bad Credit OK)

Trucking Company Loans: Fuel Financing & Equipment Leases for Owner-Operators

Struggling to finance your rig? Over 72% of owner-operators get rejected by traditional banks. Discover 4 trucking-specific loan programs that work with bad credit (500+ FICO) and offer same-week funding.

1. Diesel Fuel Line of Credit

How It Works: Get up to $50k fuel credit with weekly repayments tied to your hauling revenue. Lenders use ELD (Electronic Logging Device) data instead of credit scores to approve applications.

2. Trailer Lease-to-Own Programs

Key Benefit: Acquire dry vans/flatbeds with $0 down. Payments start after 90 days - perfect for seasonal freight businesses.
LSI Tip: Look for programs reporting payments to D&B business credit to build your commercial credit profile.

Comparison: Trucking Loan Options

Option Speed Amount Credit Minimum
Fuel Credit Line 2-5 Days Up to $50k 500 FICO
Trailer Leasing 1-3 Weeks $20k-$250k No Check
Freight Factoring 24 Hours Up to 97% Invoice Value N/A

3-Step Approval Process for Truckers

  • Gather Documents: 6 Months ELD Reports, IFTA Tax Returns, Current Load Board Contracts
  • Choose Specialized Lender: Look for carriers working with FMCSA-registered operators
  • Use Collateral Smartly: Leverage trailer titles or unpaid freight bills instead of personal assets

Bad Credit? Try Freight Bill Factoring

Immediate solution for owner-operators with repossession history or bankruptcy: sell unpaid invoices to get 90-97% cash upfront. We work with factoring companies that:

  • Don't require personal guarantees
  • Fund within 24 hours
  • Handle collections with your customers

Ready to Roll?

Our trucking finance specialists help owner-operators secure:
- Fuel advances at truck stops nationwide
- CDL truck loans with past repos allowed
- Emergency tire/repair financing
Complete our 5-minute application- No DOT/MC number required for pre-approval.

Get Started With Us

Submit Your Deal & Receive a Proposal Within 1-3 Working Days

Submit your deal using our secure intake form, and receive a quote within 1-3 business days. Existing clients can connect with their relationship manager through our secure web portal.


All submissions are promptly reviewed, and all communications are conducted through the intake form or the client portal for a seamless and secure process.

Express Application Submit Your Deal
Request a Proposal
Request a Proposal / Submit a Deal

Thank you for considering working with us. A nominal fee of US$500 is required upon completion of each form. This fee covers the time and effort we invest in reviewing your submission and crafting a thorough proposal. We receive numerous inquiries and prioritize those that carry this fee, ensuring serious applicants receive prompt attention.

Trade Finance

Tap into solutions like letters of credit, bank guarantees, and payment facilitation. We address the challenge of global transaction risk through structured strategies that foster cross-border growth. Complete the form to unlock streamlined funding aligned with your commercial objectives.

Submit a Request

Project Finance

Access non-recourse funding for infrastructure, renewable energy, or other capital-intensive ventures. We mitigate capital constraints by isolating project assets and focusing on risk management. Provide your details to receive a structure that drives growth and maximizes returns.

Submit a Request

Acquisitions

Secure financing for business or real estate acquisitions. We ease transaction hurdles by reviewing cash flow, synergy opportunities, and exit plans. Complete the form for a customized proposal that supports your strategic investment objectives.

Submit a Request

For Banks

Financely assists banks facing Basel III pressures by distributing trade finance deals and providing collateral for letters of credit. We reduce capital burdens while preserving client relationships and fostering service expansion. Submit your request to optimize your trade finance offerings.

Submit a Request

Once we receive your submission, our team will review your information to determine feasibility. If eligible, you will receive a proposal or term sheet within 1–3 business days. Visit our FAQ and Procedure pages for more information.

Disclaimer: Financely provides financing based on due diligence and feasibility. Approval is not guaranteed, and past performance does not predict future outcomes. All terms are subject to review. Financely primarily assists with structuring and distribution. Qualified parties carry out the project if the client approves the proposal.

Still Have Questions? Schedule a Consultation

If you still have questions after visiting our FAQ and Procedure pages, we invite you to book a paid consultation for personalized guidance. A $250 USD fee applies per session.

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