Business Line of Credit for Trucking & Logistics.
Trucking & Logistics operators turn to business line of credit when class 8 truck and trailer purchases (new and used) or owner-operator startup equipment programs can't wait on a bank timeline. Summit underwrites the sector against time in business, not just two years of clean returns.
Business Line of Credit for trucking & logistics.
Standby capital for fuel surges, unexpected repairs, and growth between settlements.
For trucking & logistics business line of credit placements, expect credit limit of $25K – $500K, apr of 10% – 30%, draw term of 6 – 24 Months. Qualification typically requires time in business 12+ Months and annual revenue $250,000+.
- ◆Class 8 truck and trailer purchases (new and used)
- ◆Owner-operator startup equipment programs
- ◆Same-day advances against freight invoices
- ◆Fuel, repair, and IFTA working capital
What to expect.
Business Line of Credit · Trucking & Logistics.
Standby capital for fuel surges, unexpected repairs, and growth between settlements.
Most trucking & logistics business line of credit placements close in 3 – 7 days. Summit's desk routes the file to the lenders most active in this sector.
Last 3 – 6 months of business bank statements. Most recent business tax return. Personal financial statement for owners (20%+).
Initial review is a soft pull. A hard inquiry only happens after you select an offer and proceed to closing.
Get business line of credit for your trucking & logistics operation.
Indicative terms within 24 hours. No hard credit pull.
Begin Pre-Qualification →