Capital that moves
at freight speed.
Same-day factoring on load invoices. Tractor and trailer financing for new authorities. Working capital that survives fuel spikes and detention — placed through lenders built for the freight cycle, not retail bankers reading P&Ls.
Pre-Qualify
Get indicative get freight factoring terms.
60-second pre-qualification. No credit pull. A Summit advisor responds within one business day.
The Reality
Your truck is the asset.
Your invoice is the lifeline.
Freight rates move daily, customers pay on 30–90 day terms, and equipment is the business. Summit places equipment financing across new and used Class 8 trucks, trailers, and reefers — and freight factoring lines that advance against your load broker and shipper invoices within hours of delivery.
How the Math Works
$10,000 freight invoice. Three ways it pays.
Opportunity cost: fuel, payroll, missed loads.
3% factor. You absorb shipper non-payment risk.
5% factor. Lender eats credit losses on the shipper.
On a fleet running $80K/month in invoices, factoring converts $80K of float into same-day liquidity for $2,400–$4,000 — usually less than one missed load.
Recommended Capital
The three structures that actually fit a freight P&L.
New and used tractor, trailer, and reefer financing. Startup programs for new authorities; 0–20% down typical.
Advance 90–95% against load invoices same-day. Recourse and non-recourse options; fuel card programs available.
Standby capital for fuel surges, unexpected repairs, and growth between settlements.
From the Driver's Seat
What carriers actually ask us.
Can I finance a used truck with high mileage?+
Yes. Specialty equipment lenders finance Class 8 trucks up to 750K+ miles, though rate and term scale with age and mileage. Typical APR range 9–24%.
How fast is freight factoring?+
Once a factor is onboarded (3–5 days), advances are typically same-day or next-day after delivery confirmation and signed BOL.
Can a new authority get equipment financing?+
Yes. Dedicated startup programs require CDL history, a 10–20% down payment, and strong personal credit. Build-time programs also exist for sub-12-month authorities.
Next Step