Common questions
Can I finance multiple trucks and trailers on one facility?
Yes. Multi-asset facilities are common for trucking businesses and mean one application and one set of repayments rather than separate contracts for each unit. The package can mix prime movers, rigids, trailers and workshop equipment, and can be split across more than one lender where that fits the assets better.
I have just won a freight contract. Can I finance trucks against it?
Often yes. A signed contract or a head agreement showing committed work is genuinely useful evidence, particularly for a newer operator or where recent figures do not yet reflect the work coming. Lenders still assess the business and the asset, but contracted revenue supports the application and can help with timing when equipment is needed before the contract starts.
Can repayments be structured around my contract payment terms?
Usually. If your customers pay on 30, 45 or 60 day terms, repayments can often be aligned so the money is in before the payment falls due. Structured, seasonal and stepped repayment options exist across the lender panel, and the right one depends on how predictable your freight income is through the year.
Can I refinance existing truck debt into one facility?
Yes. Consolidating several truck and trailer contracts into a single facility is a common reason operators come to us, whether to simplify the books, free up cash flow, restructure a balloon coming due, or release equity from units that are close to paid out. What is achievable depends on the payout figures and the current value of the fleet.
Do I need property security to finance a trucking business?
No. Commercial asset finance is normally secured against the trucks and trailers themselves rather than real estate, so operators who do not own property are financed regularly. Property can sometimes improve the terms available, but its absence is not a barrier on its own.
How much can I finance for a trucking business?
Most truck facilities Equifund arranges fall between $95,000 and $620,000, with fleet and refinance packages at the upper end. Smaller purchases from around $30,000 are still welcome. The amount depends on the assets, your trading history and your credit profile.
