Funding for Trucking & Transportation
Asset-based lending turns receivables and trucks into working capital, and equipment financing puts tractors and trailers on the road with up to 100% of the cost covered.
Trucking margins live and die on the gap between what you spend this week and what shippers pay next month. Fuel is due at the pump, drivers are due Friday, the insurance premium does not care that the broker is sitting on your invoice — and one blown engine can park a truck that should be earning. Banks move slowly and ask for things a carrier cannot show; factoring works but skims every load. Broadway funds against what you actually have: receivables, equipment, and three months of real deposits. Same-day decision, funding in as little as 24 hours, and terms that let you keep your loads whole.
The challenge
Fuel, insurance, and driver pay come due every week; freight invoices pay in 30 to 60 days. Factoring covers the gap, but it takes a bite out of every single load, forever.
How Broadway Advance helps
Asset-based lending turns receivables and trucks into working capital, and equipment financing puts tractors and trailers on the road with up to 100% of the cost covered.
What owners use it for
- Cover fuel, insurance, and driver pay between settlements
- Buy a tractor or trailer — new or used
- Fund a major repair like an engine overhaul or transmission
- Bridge slow-paying brokers and shippers without factoring every load
- Add trucks and drivers to take on new lanes
- Cover compliance, ELD, and maintenance program costs
See your real number in about five minutes.
Apply nowFunding options that fit trucking & transportation
Equipment Financing
Buy the equipment you need; the equipment itself secures the deal.
Up to 100% of equipment cost →Asset-Based Lending
Turn real estate, inventory, equipment, or credit into working capital.
Based on asset value →Merchant Cash Advance
Immediate cash today in exchange for a small slice of future sales.
Up to $2,000,000 →Trucking & Transportation funding questions
Is this an alternative to factoring my freight invoices?
It can be. Factoring takes a cut of every invoice as long as you use it. Asset-based lending against your receivables, or a one-time advance, gives you working capital without signing over each load. The right answer depends on volume and how long the gap really is — some carriers blend both. We broker 50+ programs, so we can price an ABL facility against what factoring is actually costing you per month and show you the comparison in plain numbers.
Can I finance a used truck with high miles?
Often, yes. The truck is the collateral, so it comes down to the unit's value and your deposits — not a bank's idea of a perfect borrower. Used tractors and trailers from dealers and auctions get financed every day, and Broadway can cover up to 100% of the cost so your cash stays in the fuel account. Bring the spec sheet and three months of bank statements; the application is one short form with a soft credit pull.
My revenue swings with freight rates — can I still qualify?
Yes. We underwrite on three months of bank statements, so what matters is real money moving through the account, not a perfectly flat chart. Rate swings are the nature of freight, and an MCA flexes with them — remittance tracks revenue, so a soft month costs you less than a strong one. If you would rather have fixed payments, equipment-secured deals and lines of credit are on the table too. Same-day decision either way.