equipment financing for trucking & transportation
Equipment Financing for Trucking & Transportation businesses. Built for trucking & transportation cash flow.
Finance the trucks, machines, refrigeration, diagnostic gear, or production equipment your business runs on. The equipment itself serves as collateral, which unlocks longer terms and lower rates than unsecured working capital.
- Max funding
- $1M
- Term
- 2–7 years
- Time to fund
- 24 hours
- Min FICO
- 500+
The short answer
Is Equipment the right fit for Trucking & Transportation businesses?
Finance trucks, trailers, and fleet vehicles with the equipment as collateral.
Last updated 2026-06-24
Why this fit
Common cash-flow gaps in trucking & transportation. Equipment Financing maps to the ones below.
These are the underwriting realities and operational pressures we see most often in this industry.
Fuel Cost Volatility
Diesel prices spike without warning. When fuel costs jump 30% in a quarter, your margins disappear, but your routes don't. Working capital absorbs the shock.
Repair Emergencies
A blown transmission on a Class 8 truck is a $15K–$25K bill that can't wait. Every day that truck sits is revenue lost.
Freight Broker Payment Delays
Freight brokers pay net-30 to net-60. You delivered the load last month. Your fuel bill is due today. Factoring solves this permanently.
Representative scenario
What a typical trucking & transportation equipment financing looks like. Numbers below are illustrative.
Your actual offer depends on your bank statement history, time in business, credit profile, and existing debt.
Rates vary by applicant. Representative example only.
Qualification
What we look for in trucking & transportation files. Underwriting, in plain language.
- Minimum 6 months operating as a trucking/transportation company
- $15,000+ monthly revenue
- 500+ personal credit score
- Active MC authority and USDOT number
Other ICG products for trucking & transportation
Not the right fit? Here is what else works in your industry.
Common questions
Equipment Financing for trucking & transportation. Honest answers, no fine print games.
QDo you factor freight invoices same-day?
Yes. Once your factoring facility is set up (3–5 business days), individual invoices can fund same-day, you upload the rate confirmation and BOL, we advance 90% on receipt.
QIs factoring recourse or non-recourse?
Both options are available. Non-recourse is slightly more expensive but we absorb the loss if a qualifying broker defaults on payment.
QCan an owner-operator with one truck qualify?
Yes. Single-truck owner-operators with a valid MC authority and 6+ months of consistent deposits can qualify for both factoring and revenue-based funding.
QCan I use funding to buy another truck?
Equipment financing is the correct product for truck acquisitions, it uses the truck as collateral and offers better terms than a working-capital advance.
QDo I have to buy the equipment from a specific dealer?
No. ICG finances equipment from any reputable dealer, auction, or private seller with a documented invoice or appraisal. New and used equipment both qualify.
QIs a down payment required?
Typically 0–20% down, depending on the equipment type, age, and your credit profile. Many applicants qualify for $0-down financing on new equipment.
QCan I finance used equipment?
Yes. Used equipment under 10 years old with documented hours or mileage is routinely approved. An appraisal may be required for specialty items.
Equipment Financing for other industries
Where else this works. One product, many verticals.
Ready when you are
Ready to fund your trucking & transportation business? 24 hours to fund.
Quick application. Soft credit pull only. Real human review.