Trucking Funding
Fast funding to keep your trucks moving.
Apply online in about 3 minutes. Cover fuel, repairs, payroll or a new truck while you wait on customers to pay. Same-day decisions and funding in as little as 24 hours.
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Funding up to $500,000
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Funding in as little as 24 hours
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Decisions based on your revenue
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Minimal paperwork
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Simple, clear terms
Merchant Cash Advance
Minimum Requirements
These are the basic criteria to be eligible for a Merchant cash advance with Monark.
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$10,000 in monthly revenue
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550+ Credit score
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6+ months in business
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Business bank account
How Funding Works for Trucking Companies
Trucking and transportation companies often wait 30 to 60 days or more to get paid, while fuel, drivers and repairs are due now. A merchant cash advance gives you cash today in exchange for a portion of your future sales, so your trucks stay on the road.
What trucking companies use it for
- Fuel, tires and maintenance
- Driver payroll and insurance
- Repairs, or a down payment on a truck or trailer
- Covering the gap while freight invoices are outstanding
A simple example
Say a truck goes down and the repair costs $12,000. Once approved, the funds can reach your account in as little as 24 hours. You pay a set amount over time through small daily or weekly payments, so your cost is known up front. Your exact amount, term and payment depend on your business and your agreement. We walk you through every number before you accept anything.
Unpaid freight invoices?
If waiting on customers is the main problem, invoice factoring turns open invoices into cash. A funding specialist can compare it with a merchant cash advance for your situation.
What happens after you apply
- Apply online in about 3 minutes.
- Get a decision from a funding specialist, often the same day.
- Review your offer with no obligation to accept.
- Get funded in as little as 24 hours after you accept.
Ready to see what you qualify for? See My Options or call (954) 355-6622.
Speak to a funding specialist
Speak with a funding specialist to see what you qualify for. No obligation.
Frequently asked questions
Funding is often same-day, and as little as 24 hours is typical once your documents are in.
To get started, we normally need a short application and 4 months of business bank statements.
Yes. You can use the funds for any business purpose, including fuel, repairs, insurance and payroll.
Owner-operators and fleets can both apply. Your offer depends on your revenue, time in business and bank activity.
No. Factoring is based on specific freight invoices, while a merchant cash advance is based on your overall sales. See our invoice factoring page to compare.
It usually doesn’t affect your credit score. In some cases a soft credit check may be used, and we’ll let you know first.