Equipment Financing for Trucking & Logistics.
Trucking & Logistics operators turn to equipment financing 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.
Equipment Financing for trucking & logistics.
New and used tractor, trailer, and reefer financing. Startup programs for new authorities; 0–20% down typical.
For trucking & logistics equipment financing placements, expect amount of $25K – $5M, apr of 7% – 28%, term of 24 – 84 Months. Qualification typically requires time in business 0 – 24+ Months (start-up programs available) and annual revenue $150,000+.
- ◆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.
Equipment Financing · Trucking & Logistics.
New and used tractor, trailer, and reefer financing. Startup programs for new authorities; 0–20% down typical.
Most trucking & logistics equipment financing placements close in 3 – 10 days. Summit's desk routes the file to the lenders most active in this sector.
Invoice or quote from the equipment vendor. Last 3 months of business bank statements. Most recent business and personal tax return (for amounts over $250K).
Initial review is a soft pull. A hard inquiry only happens after you select an offer and proceed to closing.
Get equipment financing for your trucking & logistics operation.
Indicative terms within 24 hours. No hard credit pull.
Begin Pre-Qualification →