Trucking is one of the most capital-intensive businesses in America. Trucks break down. Fuel costs spike. Freight markets slow. And the gap between delivering a load and getting paid on that invoice can stretch weeks or months — creating cash flow challenges that would cripple most businesses.
MCA funding was built for exactly this kind of business. Here is how Workable Funding serves the trucking and transportation industry.
The Cash Flow Challenge in Trucking
Most trucking companies operate on net-30 to net-60 payment terms with their brokers and shippers. That means you deliver the freight today but do not get paid for 30 to 60 days. Meanwhile your fuel bill is due now, your driver needs to be paid now, and your truck payments do not wait.
This receivables gap is the defining financial challenge of the trucking industry — and it is exactly the problem MCA funding solves. Capital hits your account fast so you can keep your trucks rolling while you wait for invoice payments to clear.
Common Uses of MCA Funding for Trucking Companies
Truck repairs and maintenance. A broken-down truck is a truck that is not generating revenue. MCA funding covers emergency repairs fast so downtime is minimized.
Fuel costs. Fuel is typically the single largest variable expense for a trucking company. MCA funding ensures you can keep tanks full even when receivables are slow.
Fleet expansion. Buying an additional truck or trailer to take on more loads requires significant upfront capital. MCA funding bridges the gap between opportunity and execution.
Driver payroll. Keeping quality CDL drivers requires paying them on time every time. MCA funding ensures payroll never misses regardless of where you are in your receivables cycle.
Insurance premiums. Commercial trucking insurance is expensive and often comes due in large lump sums. MCA funding handles these obligations without disrupting operating cash flow.
Slow freight season. When freight volumes drop seasonally, MCA funding keeps your operation running at full capacity so you are ready to maximize volume when the market recovers.
Need funding fast? Apply with Workable Funding in 2 minutes. Same-day decisions.
Apply NowWhat Trucking Companies Need to Qualify
At least 6 months in operation, a business checking account, $15,000 or more in monthly revenue, and a 500+ personal FICO score from the owner.
Owner-operators, small fleets, and larger trucking operations all qualify. Revenue from freight brokerage, owner-operator contracts, and direct shipper relationships all count toward your monthly deposit totals.
If your trucking company needs capital fast — for a repair, for fuel, for payroll, or for expansion — Workable Funding can have funds in your account in as little as 24 hours. Apply in 2 minutes with no impact to your credit.
Written by the Workable Funding Team · New York, NY