TOWING COMPANIES • LINE OF CREDITBusiness line of credit for towing companies — keep trucks rolling
Loot offers towing companies an unsecured business line of credit from $5,000 to $100,000. Towing businesses with 1+ year in business and $200K+ in annual revenue can check eligibility with a soft pull, get a decision in minutes, and receive same-day approval without impacting their credit score.
No collateral
No hidden fees 
Same-day approval
Towing challenges: fuel, repairs, and payroll
Tow companies often pay upfront for fuel, parts, and driver wages before client payments or insurance claims come in. Emergency breakdowns and round-the-clock demand strain cash flow. Loot helps keep operations funded and trucks moving.
Cover fuel and maintenance costs- Pay driver wages on time
- Smooth cash flow while waiting on payments
Where a towing line of credit does the heavy lifting
Four moments towing cash flow needs backup — and how a Loot line of credit helps in each one.
Cover fuel before payments clear
Fuel costs can hit every day. A busy week can still feel tight if motor club payments, insurance claims, or customer invoices are still pending. A line of credit can help keep trucks fueled while cash catches up.
Pay drivers between calls and invoices
Drivers still need to be paid on time. Emergency calls, police rotations, private-property tows, and roadside jobs can all have different payment timing. A short-term draw can help cover wages without pulling cash away from repairs or fuel.
Handle truck repairs before they slow the fleet
A towing business runs on trucks that need to stay road-ready. A tire issue, winch repair, flatbed problem, hydraulic repair, or battery replacement can hit before the budget is ready. A line of credit can help cover repair costs before one truck down slows the day.
Manage storage, dispatch, and payment gaps
Towing cash flow can shift fast. Storage fees may take time to collect. Dispatch costs and lot expenses keep going. A slow week can also put pressure on the account. A revolving line can help smooth the gap when fleet costs and payment timing do not line up.
How a towing line of credit helps
A business line of credit for towing companies provides flexible capital to cover fuel, repairs, payroll, and emergencies. Draw loot when needed, repay as invoices clear, and keep trucks rolling.
Loot for fuel & repairs
Draw capital instantly to keep trucks fueled and fleets repaired.
No hidden hooks
Only pay for what you use — no extra fees pulling you down.
Fits any fleet size
From single-truck operators to large towing fleets, the line flexes with your needs.
Trusted by towing companies
Built by operators who understand emergency demand and unpredictable payments. Transparent terms, no hidden hooks.
Speed that rescues cash flow
From application to funding, Loot provides towing companies with capital faster than a tow arrives on scene.
Flexible like tow chains
Use a little or a lot. Repay as invoices pay out. Scale limits as fleet size grows.
How a Loot line of credit works for a towing company
Say your towing business needs $18,000 to cover fuel, driver payroll, and a flatbed repair while invoices are still open. With Loot, you can draw $18,000 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 loot comes back as you pay down the draw. Same-day approval is standard, decisions happen in minutes, and funds usually land within hours depending on the transfer method. Instant transfers are available.
Requirements for towing business financing
To qualify with Loot, your towing 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.
Towing 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 towing 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 interest if a balance carries |
| Revolves? | Yes, the line revolves as you repay | No, it is a one-time loan* | Yes, available credit renews as you pay |
| Best for | Fuel costs, driver payroll, truck repairs, payment gaps | Larger one-time purchases or fleet expansion | Smaller purchases, subscriptions, or everyday expenses |
A term loan* can fit one large purchase. A business credit card can fit smaller daily expenses. A business line of credit can fit repeat towing needs, like fuel costs, driver payroll, truck repairs, and payment gaps.
What towing business owners can use a line of credit for
- Fuel and roadside job costs
- Driver payroll and contractor pay
- Tire, winch, and hydraulic repairs
- Flatbed, wrecker, or rollback maintenance
- Insurance and licensing costs
- Dispatch software and phone systems
- Storage lot expenses
- Slow weeks or unpaid 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 single-truck towing operators
Financing for single-truck towing operators can help owners manage fuel, repairs, and payment gaps. When one truck is the business, a repair bill or delayed invoice can hit hard. A line of credit can help cover operating costs while calls keep coming in.
Financing for multi-truck towing fleets
Financing for multi-truck towing fleets can help cover driver wages and repair costs across the fleet. More trucks can mean more calls, but also more fuel, insurance, and maintenance before cash lands. A line of credit can help keep the fleet moving while payments catch up.
Financing for roadside assistance businesses
Financing for roadside assistance businesses can help owners manage call volume and parts costs. Jump starts, lockouts, fuel delivery, and tire calls may be steady, but payment timing can vary. A line of credit can help cover fuel, tools, wages, or dispatch costs when timing is uneven.
Financing for impound and storage lot operators
Financing for impound and storage lot operators can help manage lot expenses and delayed collections. Storage fees may take time to collect, but rent, security, utilities, and staff costs continue. A line of credit can help cover business costs while payments are still pending.
Financing for tow truck repairs and equipment
Financing for tow truck repairs and equipment can help when a wrecker, flatbed, winch, wheel-lift, or rollback needs work. Equipment costs can land all at once. With Loot, you can draw for the expense, see the total repayment before confirming, and pay it down early if invoices clear sooner.
See what towing business have to say about Loot
“Loot helped us cover fuel and repairs while waiting on payments. Having credit ready kept our trucks rolling and drivers paid. ”
Towing business financing FAQs
Loot has no minimum FICO score requirement. Underwriting looks at real business cash flow, not just a credit score. Your towing business still needs 1+ year in business and $200K+ in annual revenue to qualify.
Towing companies can get a decision in minutes, and same-day approval is standard. Funds usually land within hours, depending on transfer method. Instant transfers are available.
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. Towing businesses can use a Loot line of credit for fuel, tires, winch repairs, flatbed maintenance, hydraulic repairs, and other business costs. You see the total cost before confirming and only pay when you draw.
Yes. Towing businesses can use a Loot line of credit for driver payroll or contractor pay. You choose a fixed weekly repayment plan upfront before confirming the draw.
Apply for towing business financing today
If you are covering fuel before invoices clear or paying drivers while cash is tied up, a line of credit can give your towing 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 approval