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Camino Financial
By: camino-financial
Read in 11 minutes

Trucking Business Loans

We provide trucking business loans so you can get back in your rig and get on the road with Camino Financial.

We’ve made it easy and accessible to get real capital so your business can start burning rubber.

Whether you need just a couple of gallons (as little as $1,500) or a full tank (up to $400,000), Camino Financial can provide the cash so you can keep on trucking.

Apply now!

What Are Trucking Business Loans?

A transportation business can become very profitable with the right investments, but owners in the industry usually have difficulty getting money.

That’s where business loans for a trucking company come in.

They provide the necessary funding to help transportation business owners pay for everything they need to keep their companies growing and help take them to the next level.

Who Can Use Trucking Loans?

Many businesses can benefit from business loans.

Freight Companies

Whether you transport fuel, refrigerated substances or materials, or other types of freight, trucking company loans can help pay for equipment and expenses.

Wholesale Distributors

Distributors can use trucking loans to pay for costs associated with warehousing and the actual distribution of the goods they store.

Also, they can finance payroll and inventory management systems.

Livestock Transportation

In addition to typical transportation costs, this type of business has unique and expensive needs.

You can use a loan to purchase specialized vehicles or pay for certificates and licenses.


Trucking business loans can help owners pay for professional services that can take care of the back-end operations and financial side of the business.

Moving Businesses

From expensive vehicles and payroll to insurance and supplies, moving businesses have a lot of unique expenses that they can cover with external capital.

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Get a loan

Our Business Loans For Trucking Companies

Our mission as the first-ever Neo-CDFI is to help business owners in unbanked and underserved communities.

That’s why we have minimal business loan requirements. We accept ITIN’s instead of Social Security Numbers, and we can approve your loan even if you don’t have a previous credit history.

We have several lending products that can help meet all your needs:

Startup Loans

Amount$1,500 to $7,500
Type of paymentMonthly
Repayment terms12 to 36 months
Type of rateFixed
Origination fee$90 in California, $0 in Florida (included in the APR)
  • monthly income of $1,500
  • have a bank account that’s been active for at least 6 months

*Our startup loans might not be available everywhere.

Learn more about our startup loans



Amount$5,100 to $35,000
Type of paymentMonthly
Repayment terms24 to 36 months
Type of rateFixed
Origination fee6.99% of the amount
  • monthly revenue of or $2,500 (or $30,000 per year)
  • have an active and registered business for at least 9 months

Learn more about our microloans


Small Business Loans

Amount$10,000 to $400,000
Type of paymentMonthly
Repayment terms24 to 36 months
Type of rateFixed
Origination fee5% of the amount
  • monthly revenue of or $2,500 (or $30,000 per year)
  • have an active and registered business for at least 9 months

Learn more about our business loans


Apply today!


Our business loan calculator can help you find the amount that best fits your needs:


How To Invest The Business Loan

There are many ways trucking companies can invest their trucking business loans to become successful. Here are just a few ideas:

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Hire Snd Train Employees

If you want to run a successful trucking business, you will need skilled drivers.

Or, if you’re looking to expand, hiring a new operations manager could be the perfect hire.

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Repair Or Upgrade Vehicles

Vehicles require ongoing maintenance if you want them running correctly.

Your truck is your most important tool, so spare no expense when it comes to repairs or upgrades.

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Purchase Vehicles

Specialty trucks, vehicles, and tractors can help you get more clients and take your business to the next level.

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Finance Insurance

All trucking businesses require insurance to cover their equipment, the goods they transport, and their drivers.

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Strengthen Cash Flow

External financing can help you bridge the gap between your daily operational expenses and how long it takes customers to pay.

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Other Costs

You can use trucking business loans to cover unexpected expenses and ancillary costs.

They could also help you finance payroll or a new marketing campaign.

Steps To Apply For A Loan

It’s very easy to apply for trucking business loans with Camino Financial. Here are the four steps you need to take to apply.

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1. Complete An Application

First, you need to fill out an online application.

Just input basic personal and business information. It won’t take more than 10 minutes.

2. Share Additional Information

Next, we’ll ask you to upload supporting documentation.

This includes submitting a valid identification or financial statements.

3. Accept The Final Loan Terms

We’ll send you a loan offer after we review your information.

Then, all you have to do is review the contract and accept the terms by signing.

4. Receive The Loan

Once you sign, it’s time to receive the funds. We’ll deposit your trucking business loan directly into your account.

*This process may differ slightly depending on which loan you apply for.

Get a Quote

Why Choose Camino Financial

There are many reasons why you should apply for Camino Financial’s trucking business loans.

Here are some of our benefits:

  • Because we do a soft pull, applying won’t hurt your credit score.
  • We won’t ask for a down payment.
  • Unlike many other lenders, we don’t require collateral to secure your loan.
  • Our fixed monthly payments help you budget and plan for your costs.
  • We also don’t charge any prepayment penalties.
  • Our top-of-the-line customer service offers personal assistance in Spanish or English.

These are just a few reasons why Camino Financial is the best choice for trucking business loans.

Learn More About Trucking

How to Expand Your Food Truck Business

How to Start a Food Truck to Expand Your Restaurant

How Much Does It Cost to Start a Food Truck?

Interest Rate Hike 2022: The New Average Business Loan Rates

How to Get Financing for a Business: Best Ways in 2022



How does a commercial trucking loan works?

Commercial trucking loans help businesses in the industry finance their expenses. However, once you get one, you need to repay it daily, weekly, or monthly (depending on the lender) and pay the interest rates and fees.

How to get funding for a trucking business?

First, you need to find a lender that meets your needs and has lenient requirements. Then, see if you qualify for the loan and finally apply for the funding.

During the application process, you need to provide the lender with personal, business, and financial information and documents.

How do you qualify for a transportation loan?

You have to complete an application and meet the lender’s requirements. Usually, lenders want you to have been in business for a specified period, make certain annual gross sales, and have a good personal credit score.

We recommend you understand the lender’s requirements even before you apply.

How long does the application process take for a transportation loan?

Most lenders have an application process that only takes about 10 minutes to complete. How long it takes you to receive the funds will depend on the lender, some only take 2 days.

How can you use a transportation loan?

You can use a loan to purchase vehicles and equipment, software and hardware to run the business, or hire and pay employees. You can also finance the cost of purchases, leases, repairs, and ongoing expenses.

Is collateral required for a transportation loan?

Some lenders require collateral for a trucking loan; others don’t.

Unsecured loans don’t require collateral, while secured loans do.

What are the different transportation loan options?

Some of the most common financing options are:

  • small business loans
  • microloans
  • SBA loans
  • personal loans
  • line of credits
  • business credit cards
  • merchant cash advance

Can I get a trucking loan with bad credit?

Some lenders do offer trucking business loans for bad credit. Keep in mind that low scores usually translate to higher interest rates.

How long is a transportation loan?

Small business loans for trucking companies vary in repayment terms, but most commonly, they are between 12 and 60 months.

Is it hard to get approved for a transportation business loan?

Some lenders have stricter qualification requirements than others.

Generally speaking, you should be in business for at least nine months and be able to prove income.

If you’re not off the ground yet, you should apply for a startup loan, which has more lenient requirements.

How much money can you get from a transportation business loan?

Trucking business loans can offer as little as $5,000 and as much as $400,000, depending on the lender.

*Terms and requirements subject to change without notice.

Check if you
qualify for a loan