Commercial Equipment
    Financing for Trucking
    Companies

    Update your fleet with fast funding to keep your trucking
    company moving.
    READ MORE

    Fast
    Approval

    Funding up to
    $500,000

    No Prepayment
    Fees

    Flexible
    Payments

    Commercial Transportation Equipment
    Financing from UFG Funding

    It’s expensive to manage a transportation business. Between fuel, equipment repairs, and operating costs, it doesn’t take much for the budget to get out of hand. To be a successful trucking company, you need to have enough cash flow to keep your business moving—literally.

    Commercial transportation equipment financing from UFG can get you the money you need to maintain and upgrade your fleet without breaking your budget. After all, not every company has the money in the bank to purchase new equipment outright.

    Continue providing the best transportation services for your customers with commercial equipment financing available anywhere from $8,000 to $100 million and beyond.

    Equipment Leasing vs. Equipment Financing

    There are two main ways you can get the equipment you need to keep your trucking company on the road:
    equipment leasing and equipment financing. Both offer different benefits, so it’s important to weigh the
    options before deciding which is right for your business.

    What Is Equipment Financing?

    Equipment financing is essentially a loan that you can use to purchase business-related equipment for your commercial transportation company. A lender, like UFG Funding, will provide you with the money to upgrade your fleet.

    Once the purchase is complete, you’ll make monthly payments to pay down the loan amount. Once the loan is completely repaid, you own the equipment. This option is ideal for trucking companies that want to use their equipment long-term

    What Is Equipment Leasing?

    Instead of taking out a loan to purchase equipment, equipment leasing is when you borrow equipment from a company, use it over a fixed term, and return it at the end of the term.

    Commercial equipment leasing is great for trucking companies that need specialized equipment for a short period of time. Instead of spending the money to purchase a unique piece of equipment, you can pay a lower rate for a shorter time, use the equipment for as long as you need, then return it at the end of the term.

    UFG Offers a Variety of Commercial Transportation Equipment Funding Options

    No matter what kind of equipment your trucking company needs, UFG has the financing options to suit you. We offer a wide variety of funding solutions:
    • New and used equipment loans and leases
    • Customized refinancing arrangements
    • Heavy equipment and large projects
    • Sale-leaseback transactions
    • Lines of credit for equipment capital
    • Cash flow loans
    Whether you need a new truck, trailer, or a piece of specialized equipment, The United Funding Group (UFG) has the funding options to fit any need or budget. When you need to upgrade your fleet, contact us to get started.
    CONTACT US

    Financing Consideration

    Because many transportation companies lack the funding to purchase equipment outright, financing might seem like an easy way out. But before jumping into a new loan or lease, there are a few aspects you should consider:

    Lease or Loan Duration

    Lease or loan duration is a double-edged sword. Shorter terms will help you avoid debt from interest, but they require higher monthly payments. Longer terms can give you more affordable monthly payments and higher financing limits, but you’ll also end up paying more in interest. The lease duration you qualify for will depend on your company’s needs and financial health.

    Financial Terms

    Before signing off on financing or a lease, make sure you understand all the financial terms. What are the set payment deadlines? What’s the interest rate? How much are the monthly payments? The more you know about your financing or lease, the easier it’ll be to decide if it’s right for your trucking company.

    Equipment Market Value

    The lease or financing isn’t the only costs associated with funding your new equipment. There are also taxes and insurance involved. Understanding the market value of the equipment you need to purchase will help you calculate the additional costs you might need to consider.

    Benefits of Commercial Transportation Equipment Financing

    There are more benefits to commercial transportation equipment financing than just getting a new truck or trailer. Here are a few reasons why leasing or financing could be a smart choice for your trucking company.

    Increase Working Capital

    Rather than making a large upfront payment to purchase new equipment, you can spread payments out over several months. Financing or leasing equipment maintains your working capital and keeps your cash flow moving.

    Use the Best Equipment

    You might not have the capital to purchase the latest and greatest trucks, trailers, or equipment, but you don’t have to worry about that with financing or leasing. Use the best equipment to keep your trucking company serving customers like never before.

    Keep up with Business Growth

    The faster your business grows, the more equipment you need to keep up. If your business is growing, you don’t want to fall behind demand by not having enough equipment. Keep your garages stocked and keep up with demand.

    Fast Funding

    The financing or leasing application process is fast and easy. In just minutes, you can fill out the online application and get approved within just one business day on average. Get the funding you need to keep your trucking company on the road quickly.

    Keep Your Trucking Business on the Road

    Whether you need new equipment to keep up with demand, update an aging fleet, or any other reason, UFG has all the funding options you need to keep your trucking company moving forward. We offer fast approval on funding anywhere from $8,000 to $100 million and beyond! Contact us to purchase the equipment your trucking company deserves.

    CONTACT US

    Highlights

    For strong businesses with good credit history & scores above 700+

    Low Interest & Monthly Payments

    Comfortable interest rates with easy monthly repayment terms.

    Book an Appointment