FREIGHT & TRUCKING • LINE OF CREDITFreight and trucking company financing — keep every load moving
Loot offers freight and trucking companies an unsecured business line of credit from $5,000 to $100,000. Use it to cover fuel, driver payroll, and repairs, or give your business the room to take on a bigger contract without waiting on a broker or shipper to pay. Established freight and trucking companies with 1+ year in business and $200K+ in annual revenue can check their options with a soft pull. Requests up to $30K get an instant decision, while larger requests may take a few more minutes.
No collateral
No hidden fees 
Same-day funding for $49
Freight and trucking challenges: fuel costs, slow-paying invoices, and driver payroll
Trucking companies pay for fuel, maintenance, and driver wages every week, but broker and shipper payment schedules often stretch 30, 60, or even 90 days out. That gap between running the load and getting paid for it can strain cash flow even for a business that's fully booked.
Cover fuel and maintenance while invoices are still outstanding- Pay drivers and owner-operators on schedule
- Take on a bigger contract without waiting on a broker to pay
Where a freight and trucking line of credit does the heavy lifting
Six moments when trucking cash flow needs backup — and how a Loot line of credit can help.
Cover fuel while invoices are still outstanding
Fuel is one of the largest recurring costs in trucking, and it's paid well before a broker or shipper settles the invoice for the load. A line of credit can help keep trucks fueled and moving without pulling cash away from payroll or maintenance.
Pay drivers and owner-operators on schedule
Drivers and owner-operators still need to be paid on time, whether a load has been invoiced last week or last month. A short-term draw can help cover payroll without taking cash away from fuel or repairs.
Handle truck and trailer repairs before they slow the fleet
A blown tire, a transmission issue, or a trailer repair can take a truck out of service fast. A line of credit can help cover the repair so one truck down doesn't turn into a missed load.
Take on a bigger contract or additional lanes
A new shipper contract or additional lanes can be great for the business, but it may require an additional truck, driver, or fuel outlay before the first check clears. A line of credit can give the business the working capital to accept and run the contract without straining existing routes.
Cover insurance, permits, and compliance costs
Cargo insurance, IFTA fuel tax payments, permits, and DOT compliance costs can land all at once. A line of credit can help cover these costs so a truck isn't sidelined waiting on paperwork or a renewal.
Bridge factoring and payment gaps
Even with invoice factoring in place, there can be a gap between running the load and having usable cash on hand. A revolving line can help smooth that gap during a slower month or when a broker pays later than expected.
How a freight and trucking line of credit helps
A business line of credit for freight and trucking companies provides flexible capital for fuel, payroll, and repairs. Draw loot when needed, repay as invoices clear, and keep every load moving.
Loot for fuel and repairs
Draw capital instantly to keep trucks fueled and running.
No hidden detours
Only pay for what you use — no extra fees added to the bill.
Fits any fleet size
From a single owner-operator to a multi-truck fleet, the line flexes with your needs.
Trusted by freight and trucking companies
Built by operators who understand slow-paying brokers, fuel costs, and unpredictable repairs. Transparent pricing, no hidden fees.
Speed that keeps pace with the road
From application to funding, Loot provides trucking companies with capital faster than a broker settles an invoice.
Flexible like a shifting schedule
Use a little or a lot. Repay as invoices clear. Scale limits as the fleet grows.
How a Loot line of credit works for a freight and trucking company
Say your trucking business needs $20,000 to cover fuel, driver payroll, and a trailer repair while several broker invoices are still outstanding. With Loot, you can draw $20,000 from your approved line.
Before you confirm, you choose a fixed weekly repayment plan upfront, such as 16, 20, or 24 weeks. You see the total cost before you move forward.
If invoices are paid sooner than expected and you pay the draw off early, there is no prepayment penalty. Paying off early can save up to 50% of remaining fees.
As you repay, your line revolves — the funds become available again as you pay down the draw. Same-day approval is standard, decisions happen in minutes, and once approved, same-day funding is available for a $49 transfer fee.
Requirements for freight and trucking financing
To qualify with Loot, your freight or trucking business needs:
1+ years
$200k+
None
Checking eligibility is a soft pull, so it does not impact your credit score, approved or not. Loot looks at real business cash flow, not just a credit score.
Moving company line of credit vs. term loan vs. business credit card
| Features | Business Line of Credit | Term Loan* | Business Credit Card |
|---|---|---|---|
| How you access funds | Draw from an approved credit line when your trucking business needs funds | Receive one lump sum upfront | Use the card for purchases up to the credit limit |
| What you pay for | Only the amount you draw | The full loan amount* | Purchases made on the card |
| Repayment | Each draw has a fixed daily, weekly, bi-weekly, or monthly repayment plan chosen upfront | Usually fixed payments over a set term* | Minimum monthly payments, with added fees if a balance carries |
| Revolves? | Yes, available credit returns as you repay | No, it is a one-time loan* | Yes, available credit returns as you pay |
| Best for | Fuel costs, driver payroll, repairs, permits, and payment gaps | Purchasing a truck or trailer outright | Smaller purchases and everyday expenses |
A term loan* may suit purchasing a truck or trailer outright. A business credit card may work for smaller day-to-day expenses. A line of credit can support the recurring costs of running loads — fuel, payroll, and repairs — while broker and shipper invoices are still outstanding.
What freight and trucking companies can use a line of credit for
- Fuel costs between loads
- Driver and owner-operator payroll
- Truck and trailer repairs
- Cargo insurance and permits
- IFTA and compliance costs
- Onboarding for a new contract or lane
- Bridging factoring and payment gaps
- Slow-paying broker or shipper invoices
Draw funds when the business needs them. Repay on the weekly plan you choose upfront. Keep your treasure chest available as you repay.
Financing for owner-operators
Financing for owner-operators can help cover fuel, maintenance, and truck payments while waiting on broker or shipper payment. A single truck going down or one invoice paid late can strain a one- truck operation fast. A line of credit can help keep the wheels turning.
Financing for small and mid-size trucking fleets
Financing for small and mid-size trucking fleets can help cover payroll, repairs, and fuel across multiple trucks at once. More trucks can mean more revenue, but also more simultaneous costs before invoices settle. A line of credit can help keep the whole fleet running.
Financing for freight brokers and logistics companies
Financing for freight brokers and logistics companies can help cover carrier payments and operating costs while waiting on shipper payment. A line of credit can help bridge the timing gap between paying carriers and collecting from shippers.
Financing for courier and last-mile delivery services
Financing for courier and last-mile delivery services can help cover vehicle costs, driver pay, and fuel between contract payments. A line of credit can help keep deliveries running while invoices are still processing.
Financing for truck repairs and maintenance
Financing for truck repairs and maintenance can help when an engine, transmission, or trailer needs work. Repair costs can land all at once and take a truck out of service. With Loot, you can draw for the expense, see the total repayment before confirming, and pay it down early if invoices clear sooner.
Financing for permits, licensing, and compliance costs
Financing for permits, licensing, and compliance costs can help trucking companies stay road-ready. IFTA payments, DOT compliance, and permit renewals can all land at once. A line of credit can help cover these costs without pulling cash away from fuel or payroll.
Freight & Trucking Financing FAQs
Loot has no minimum FICO score requirement. Underwriting looks at real business cash flow, not just a credit score. Your trucking business still needs 1+ year in business and $200K+ in annual revenue to qualify.
Trucking companies can get a decision in minutes, and same-day approval is standard. Once approved, same-day funding is available for a $49 transfer fee.
No. Checking eligibility with Loot is a soft pull. It does not impact your credit score, approved or not. You can review your options before deciding whether to draw from the line.
Yes. Many trucking companies use a Loot line of credit specifically to bridge the gap between running a load and getting paid for it, whether or not they also use invoice factoring.
Yes. Trucking companies can use a Loot line of credit for fuel, driver and owner-operator payroll, repairs, permits, and other business costs. You see the total cost before confirming and only pay when you draw.
No. A Loot line of credit is separate working capital your business controls directly — you draw what you need and repay on a fixed schedule. It does not require selling or assigning your invoices to a third party.
Apply for freight and trucking financing today
If you’re covering fuel and payroll before broker invoices clear, or waiting on a shipper to pay for a load you ran weeks ago, a line of credit can give your trucking business more room to move.
Get $5,000 to $100,000. Apply in minutes with a soft pull that will not impact your credit score. If approved, you can draw what you need, see the total cost before confirming, and keep your treasure chest available as you repay.
No collateralNo hidden fees Same-day funding for $49