Logistics and Transportation Business Loans: Trucks, Fleets, and Freight Capital

Most logistics financing programs require 680+ credit as a baseline. For asset-heavy deals — truck financing, trailer leasing, or equipment backed by strong collateral — lenders evaluate the asset quality, operator track record, and deal structure alongside credit profile. Freight factoring and ABL facilities focus primarily on customer creditworthiness and receivables quality rather than personal credit score.

Yes. PeerSense structures acquisition financing for established logistics and transportation companies using SBA 7(a) loans, conventional acquisition loans, seller notes, and asset-based lending. We work with buyers acquiring trucking companies, freight brokerages, 3PL operations, and last-mile delivery businesses.

Experienced operators with a strong track record in logistics can access equipment financing, working capital lines, and SBA loans even if the entity is new. Lenders evaluate your personal credit, industry experience, customer contracts, and the strength of your business plan. Most programs require 680+ credit and demonstrated cash flow or contracts in place.

Down payment requirements vary by credit profile and truck age. Typically: 10-15% down for strong credit (680+), 15-20% down for average credit (600-679), and 20-25% down for challenged credit (550-599). Some programs offer $0 down for established operators with excellent credit and strong cash flow.

Yes. While most traditional lenders prefer 2+ years of operating history, we have programs specifically for new authority holders. You'll typically need a larger down payment (20-25%), proof of industry experience (previous employment as a driver or in logistics), and strong personal credit (650+ FICO).

Factoring converts your invoices into immediate cash (24-72 hours) and scales with your revenue — you only pay when you factor an invoice. Working capital loans provide a lump sum upfront with fixed monthly payments. Factoring is better for ongoing cash flow needs tied to invoices; working capital loans are better for one-time expenses like insurance, repairs, or equipment down payments.

Yes. We finance trucks and trailers up to 15 years old, depending on the lender program. Newer used equipment (3-5 years old) typically qualifies for better rates and terms. Older equipment may require a larger down payment and shorter loan terms. All equipment must pass a mechanical inspection before funding.

Most truck financing decisions are made within 24-48 hours of receiving a complete application. Funding typically occurs 3-7 days after approval, depending on equipment inspection and title work. Factoring can be set up in 24-72 hours. SBA 7(a) acquisition loans take 45-90 days from application to funding.

This depends on the factoring agreement. "Spot factoring" allows you to choose which invoices to factor, giving you flexibility but typically at higher rates (3-5%). "Whole ledger factoring" requires you to factor all invoices from approved customers, but offers lower rates (1-3%). Most carriers prefer whole ledger factoring for the cost savings.

Yes. SBA 7(a) loans are commonly used to acquire existing logistics businesses. You'll typically need 10% down, 650+ FICO, industry experience, and the business must show positive cash flow. The seller can finance part of the purchase (seller note) to reduce your cash at close. Approval timeline is 45-90 days from application to funding.