Trucking & Transportation Funding

Trucking & Fleet Financing

Fleet financing, freight factoring, and working capital for carriers and owner-operators — $25K to $5M.

$25K–$5M
Funding Range
90–97%
Factoring Advance
Same-Day
Factoring Funding
Up to 7 Yrs
Fleet Financing
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Funding for Trucking & Transportation

A new Class 8 semi-truck costs $150K–$200K. A used truck runs $50K–$100K. Add trailers at $30K–$80K, annual insurance of $10K–$20K per truck, and fuel costs exceeding $70K per truck annually — capital access is the difference between growth and stagnation for carriers of every size.

Bridgepoint connects carriers with freight factoring that converts unpaid invoices to cash within 24 hours at 90–97% advance rates, solving the core problem: fuel, drivers, and maintenance are due immediately while revenue arrives 30–90 days later. Fleet financing with terms up to 7 years covers new and used Class 6–8 vehicles. Owner-operators with one truck and 6 months of history qualify.

We also build business credit profiles that reduce long-term financing costs as your fleet grows — so truck number five costs less to finance than truck number one.

Common Trucking Funding Challenges

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Fleet Expansion & Vehicle Purchases

Every additional truck is another $50K–$200K in capital required before that unit generates a dollar of net revenue. Fleet financing up to 7 years spreads costs over the productive life of the asset.

Fuel Costs & Maintenance Expenses

Fuel alone can run $70K+ per truck annually. Add tires, brakes, and DOT compliance costs and operating expenses never stop. Freight factoring keeps cash available to cover these without debt.

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Accounts Receivable — Freight Invoice Delays

Brokers and shippers pay on net-30 to net-90 terms. Freight factoring converts those invoices to cash in 24 hours at 90–97% of face value — eliminating the cash flow gap entirely.

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Insurance & Compliance Requirements

Commercial trucking insurance runs $10K–$20K+ per truck annually. Authority filings, IFTA, and DOT compliance have real costs. Business credit building reduces insurance premiums over time.

Why Choose Bridgepoint for Trucking Funding

Freight factoring with same-day funding at 90–97% advance on verified invoices — no more waiting 30–90 days for broker payment

Truck and trailer financing up to $5M with terms to 7 years for new and used Class 6–8 vehicles and dry van, flatbed, and refrigerated trailers

Fuel card programs integrated with factoring to reduce per-gallon costs and simplify expense tracking across the fleet

Business credit building to reduce long-term insurance and financing costs — owner-operators with 6 months of history qualify to start

Recommended Funding Products

Trucking Financing FAQ

Freight factoring lets you sell your unpaid freight invoices to a factoring company in exchange for immediate cash. After you deliver a load and submit the invoice, the factoring company verifies the load with the broker or shipper and advances you 90-97% of the invoice value, usually within the same business day. When the broker pays the invoice (typically in 30-60 days), the factoring company releases the remaining balance minus a factoring fee of 1-5%.
Yes. Owner-operators with at least 6 months of operating authority and a FICO score of 550 or higher can qualify for truck financing. Down payments typically range from 10-20% of the vehicle price. For experienced operators with strong credit, zero-down financing may be available on select vehicles. Both new and used trucks are eligible, with used vehicle financing available for trucks up to 10 years old or under 750,000 miles.
With recourse factoring, you are responsible for repaying the advance if the broker or shipper does not pay the invoice. Recourse factoring typically has lower fees (1-3%). With non-recourse factoring, the factoring company assumes the credit risk if the broker fails to pay due to financial insolvency, but fees are higher (3-5%). Most carriers start with recourse factoring and switch to non-recourse for higher-risk broker relationships.
Funding amounts depend on the product. Freight factoring lines typically range from $25,000 to $10 million per month based on your invoice volume. Equipment financing for trucks and trailers ranges from $50,000 to $5 million. Working capital lines of credit are available from $25,000 to $1 million. The amount you qualify for depends on your revenue, fleet size, credit profile, and time in business.