Can a trucking company get funding with bad credit?

Credit requirements by product

What we read instead of a credit score

For advance products, three published thresholds decide eligibility: 3 or more power units (2 on specialized authority), 24 or more continuous months of authority, and $60,000 or more in average monthly business bank deposits across the last six months. We also check that you have no “Unsatisfactory” FMCSA safety rating and that your new-entrant audit is closed. We read bank statements, not credit reports.

That means the condition of your statements matters more than your score. A file that clears every threshold can still decline on bank-statement condition, undisclosed existing debt, negative days, NSF frequency, verification failure, or safety and authority status. A low score with clean, steady deposits is a better file for us than a high score on an account that goes negative every week.

Bad credit and factoring

Factoring is the product built for a damaged credit file. We advance 90–97% of each delivered invoice the same day on packets in by 1:00 PM ET, at 1.5% to 3.5% depending on volume and recourse terms. The only credit that matters is your broker’s, and you can run any broker through us free before you book the load. No time-in-business minimum, no revenue minimum, month to month.

What bad credit does change

• SBA is off the table for now. SBA is the one product where a credit score is a hard gate, and it is the lender’s gate, not ours. Under 650, working capital is the answer today, and you can refinance into SBA later from a cleaner position.
• A personal guarantee is still required. Most products require one from an owner holding 20% or more. It is not a collateral pledge: working capital is unsecured, with no lien on your trucks.
• Disclosure matters more. If credit trouble came from an open advance, say so on the first call. We will not fund behind an undisclosed advance; see funding with an existing cash advance.

Collateral, and who we cannot fund at any score

Weak credit does not mean pledging your trucks. Working capital and lines of credit under $250,000 are unsecured, with no lien on your trucks and no blanket UCC. Factoring is secured by a UCC-1 on accounts receivable only. A few files are out regardless of credit: freight brokers and 3PLs with no owned or leased power units, carriers under an active FMCSA out-of-service order, carriers whose only receivables are from a related-party shipper, and carriers with an open involuntary bankruptcy.

What it costs

We quote every advance as a total cost of funding and a payment amount, in dollars. On our representative file, $150,000 over 12 months is a $190,500 payback: a $40,500 cost of funding, paid as $3,664 a week or $756 per business day. Pay it off in the first 30 days and you keep up to $12,150 of the remaining cost. An illustration, not an offer.

What you’ll need

• 6 months of business bank statements, as PDFs from your bank.
• Your MC/DOT number. We pull authority age, units and safety rating ourselves.
• A list of every open advance, loan or lien, including any tax lien.
• For factoring: signed notice of assignment, rate confirmation, signed BOL or POD, W-9, certificate of insurance, voided check or ACH form.

Related: Funding in your first year · How much you can borrow