Truck Financing & Transport Business Loans in Canada
Owner-operator or small fleet — lendflo finances Canadian truckers that banks routinely decline. Truck equipment loans, working capital for fuel and repairs, and invoice financing for slow-paying shippers. Fast decision. Bad credit OK.
Trucking Financing Situations We Cover
From the owner-operator to the small fleet — we have a financing solution for every trucking situation.
Solo Owner-Operators
You drive the truck, you are the business. We understand that your credit history may not reflect your actual earning power. Financing based on your haul income, not just your credit score.
Small Fleets (2–10 Trucks)
Managing a small fleet means constant capital pressure — fuel cards, insurance renewals, driver pay, and equipment maintenance all hit before client invoices clear. Working capital keeps your fleet moving.
Fuel & Operational Gaps
Fuel is your single largest cost and it's due before the load pays. Revenue-based working capital gives you the cash to fill up, deliver, and wait for the cheque without missing a beat.
Emergency Repairs
A truck off the road is a truck not earning. Emergency working capital loans can be approved quickly so you can pay the shop, get back on the road, and not miss your next load.
Invoice Payment Gaps
Shippers and brokers pay in 30, 45, or 60 days. Invoice financing turns your outstanding invoices into immediate cash — get up to 90% of the invoice value while you wait for payment.
Adding Capacity on the AB–ON–QC Corridor
The Trans-Canada freight corridor is booming. If you're running loads from Alberta to Ontario or Quebec, adding a truck or trailer to capture more of this freight requires fast, flexible capital.
Vehicle Types We Finance
New or used, straight truck or semi — we finance all commercial vehicle types.
Trucking Financing Products
lendflo compares offers from multiple lenders to match your trucking situation with the right product.
Truck Equipment Financing
Finance the truck itself — new or used, any class. The vehicle secures the loan. 0% down available for qualified applicants. Terms up to 84 months.
Working Capital for Truckers
Revenue-based financing with repayments tied to your weekly haul income. Covers fuel, repairs, insurance, and operational gaps between loads.
Invoice Financing
Get up to 90% of your outstanding freight invoices immediately. Stop waiting 45–60 days for brokers and shippers to pay. Keep your trucks moving.
Fleet Expansion Loans
Term loans for adding trucks, trailers, or specialized equipment to a growing fleet. Fixed payments over 24–60 months with competitive rates.
Bad Credit? Truckers Are Welcome.
Trucking is one of the most underserved industries in Canadian banking. Banks treat transport as high-risk — mileage, accident potential, economic cycles. But our lender network understands that truckers have predictable load-based revenue. If you have 6 months of operating history and consistent deposits, you can very likely qualify — even with a score as low as 550.
Frequently Asked Questions
We’re here to simplify your business financing journey, so you can feel confident every step of the way.
Yes. lendflo works with lenders that specialize in owner-operator financing, including for drivers with credit scores as low as 550. Banks rarely finance truckers with past credit issues — our lender network understands that trucking income is real even when credit history is imperfect.
We can finance semi trucks (Class 8 long-haul), day cabs, flatbeds, reefer (refrigerated) trailers, dump trucks, tankers, box trucks, and specialty vehicles. Both new and used trucks qualify. The truck itself typically secures the loan — no personal collateral required.
Trucking companies regularly face cash flow gaps — fuel, insurance, and driver pay come due before shipper payment arrives 30–60 days later. Working capital loans and invoice financing from lendflo bridge this gap, giving you cash flow to keep trucks on the road while invoices are outstanding.
Equipment financing decisions typically come back within 24 business hours. Once approved, funds are deposited quickly. For urgent situations — replacing a broken-down truck — we have lenders who can close quickly.
Yes. We finance solo owner-operators, small fleets of 2–10 trucks, and mid-size transport companies. Each situation is different — an owner-operator needs a single truck loan, while a fleet company may need revolving working capital or a portfolio equipment line.
The AB–ON–QC freight corridor is one of the busiest truck routes in Canada. Companies running this lane — especially in Alberta, Ontario, and Quebec — face long transit times and delayed payments. lendflo serves trucking companies all along this corridor with financing that fits their route cycle.
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Equipment businesses commonly finance
If it earns money for the business and can be quoted, it can usually be financed.
- Trucks, trailers and vehicles — new or used, for one truck or a fleet.
- Construction machinery — excavators, loaders, skid steers and tools.
- Restaurant and kitchen equipment — ovens, dishwashers, refrigeration and point-of-sale systems.
- Medical and dental equipment — for clinics and practices.
- Farm machinery — tractors, combines and irrigation.
- Manufacturing machinery — production lines and specialized tools.
People also ask
It depends on revenue, time in business, credit and the product. Through lendflo, term loans run from $25,000 to $2,000,000, equipment financing from $10,000 to $500,000 and working capital from $5,000 to $250,000. Lenders size an offer to what your revenue can repay.
Through lendflo, most applicants get a fast decision, and funds typically arrive shortly after approval. Speed depends on the lender and on how complete your documents are, so have recent bank statements ready before you apply.
Most lenders ask for three to six months of business bank statements, your business registration, identification, and the amount and purpose of the loan. Equipment loans add a supplier quote, and larger amounts may need recent financial statements or tax filings.
There is no single cutoff. Banks usually want good credit, while alternative lenders in lendflo’s network consider scores from 500 and weigh revenue and cash flow heavily. A higher score generally means better terms, so check your credit report for errors before you apply.
Terms explained
What is equipment financing?
Equipment financing is a loan or lease used to buy business equipment such as vehicles, machinery or technology. The equipment itself usually serves as the lender’s security, which makes approval easier and can keep the down payment low. Through lendflo it runs from $10,000 to $500,000, with terms up to 84 months.
See in the glossaryWhat is working capital?
Working capital is the cash a business uses for day-to-day costs such as payroll, rent, inventory and supplier bills. A working capital loan bridges the gap between paying those costs and getting paid by customers. Through lendflo it is based mainly on recent revenue rather than collateral.
See in the glossaryWhat is a business line of credit?
A business line of credit is a revolving credit limit: you borrow what you need, repay it, and borrow again, paying interest only on the balance you use. It suits ongoing swings in cash flow better than a one-time purchase, which a term loan handles better.
See in the glossaryTopic guide
Part of the guide: Financing by industry
How financing works for restaurants, trucking, construction, farms, clinics, retail, manufacturing and tech.