Add the truck before the contract goes to another carrier.
Equipment financing and working capital for Canadian trucking companies. One application, an experienced advisor who knows trucking, and offers from the lenders that finance it.
Lenders in these industries underwrite from your deposits. That's why our first questions are about revenue, not your credit score.
Money for the things that grow the business.
Add a power unit or trailer
Equipment loans are secured by the truck itself, so lenders weigh the asset, not only your personal credit.
Bridge slow-paying freight
Brokers and shippers pay in 30 to 60 days. Fuel, insurance and drivers get paid this week.
Repairs and downtime
A blown engine shouldn't park the business. Fund the repair and keep the truck earning.
Buy out a lease
Own the equipment outright on terms that fit your cash flow.
What trucking lenders do most.
Your advisor knows which lenders are strongest for each one and will bring you the options that fit.
Equipment financing
Buy machines, vehicles and tools. The equipment itself secures the financing.
Best when: You know exactly what you're buying.
Invoice financing
An advance against invoices your customers haven't paid yet.
Best when: Customers who pay on 30 to 90 day terms.
Line of credit
Draw what you need, repay it, draw again. Interest only on what you use.
Best when: Seasonal swings and uneven cash flow.
Your bank wants two years of financials and a site visit.
Lenders that specialize in trucking look at your deposits, your equipment and your contracts. Many start from recent bank statements instead of a binder of financial statements.
If this sounds like you, you're a fit.
We'd rather tell you up front than waste your time.
- Registered trucking business in Canada, outside Quebec
- Operating for at least 12 months
- At least $20,000 in average monthly revenue
- Looking for $10,000 or more for a specific purpose
Guides for trucking owners.
Equipment financing vs. leasing in Canada: which is right for you?
Buy it with a loan or lease it? The right answer depends on how long you'll keep the equipment, your cash flow and your tax picture.
TruckingFreight factoring vs. a line of credit for trucking companies
Waiting 30 to 60 days on brokers and shippers? Here's how factoring and lines of credit compare, and how to choose for your fleet.
Before you apply.
Does checking my options affect my credit?
No. Our questions don't involve a credit check. If you decide to move forward, your advisor or lender will ask for your consent before running one.
Who sees my information?
One funding advisor, chosen for your industry and request. They share it with lenders only to get you offers. We never sell your application to a list or to several companies at once.
What does it cost me?
Nothing from us. Straightline doesn't charge borrowers; advisors pay us for introductions. Some advisors charge a fee or are paid by the lender. Yours will tell you how they're paid before you move forward.
What will my advisor ask for?
Usually your last 3 to 6 months of business bank statements, basic ownership details and what the funds are for. Having statements ready is the fastest way to get offers.
One application. An advisor who knows trucking.
See what your business qualifies for in about 3 minutes.