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Loans, Grants & Investors: How To Get Funding For a Trucking Business

Starting a trucking business can be a lucrative venture, but it also requires an investment. In order to get your business off the ground, you may need to secure funding from a variety of sources. Here are some ways to get the money you need to make your dream a reality. 


Before Seeking Funding For Your Trucking Business

Before obtaining funding for your trucking business, you’ll need to do some preliminary work. You’ll need to create a trucking business plan and determine how much funding you need. 

You should also open a business bank account. This will make it easier to track your expenses and keep your finances separate from your personal assets.


Common Funding Options for Trucking Companies

There are numerous business financing and funding options available for a trucking company. The most common ones are:


Bootstrapping a trucking company is often the best option for new entrepreneurs, as it doesn’t require any outside funding. With this option, you can use your personal savings to cover initial costs such as purchasing trucks and hiring drivers.

You can also generate revenue by providing other services such as hauling cargo or working with a delivery company. Over time, you can reinvest this income back into your business to help it grow. 

This option has the advantage of being relatively low risk since you’re not borrowing money from anyone else. However, it can sometimes be difficult to start and sustain a business without any outside investment.


Debt Financing

Personal Loans from Family & Friends

Another common financing option is loans from family and friends. This can be a good option if you don’t have enough money to cover your start-up costs. However, it’s important to establish a clear repayment schedule and to make payments on time to avoid damaging relationships.

Business Loans from SBA or Local Bank

The Small Business Administration (SBA) offers a variety of loans for trucking businesses, including start-up loans, new equipment financing, working capital loans, and real estate loans. These loans are issued through local banks, and they come with relatively low interest rates. There are also traditional bank loans and lines of credit that can be used to fund your trucking business.

Business Credit Card

A company credit card is a good option for financing trucking businesses. It allows you to borrow money up to a certain limit, and you can use the card to pay for expenses such as marketing, supplies, and travel. 

The advantage of a credit card is that it can help you build your credit history and score as a business. However, you should make sure to pay off your balance each month to avoid accruing interest charges.


Equity Financing

Angel Investors

Angel investors are individuals or groups who invest in early-stage trucking businesses in exchange for an equity stake in your company. This can be a good option for business owners who want to grow their business quickly, as angel investors can provide financing and mentorship. 

However, angel investors often expect a high return on their investment, so you’ll need to be prepared to give up a 10% – 30% share of your trucking company.


Other Funding Options

There are a number of other funding options available for trucking businesses, including crowdfunding and grants. Crowdfunding allows you to raise money from individual investors through platforms such as Kickstarter or Indiegogo. Grants are available from a variety of sources, including the government and private foundations. 


Create Your Business Plan

As mentioned above, for many of these options, you will need a solid trucking business plan to make a strong case to potential investors or lenders. A well-written business plan can help you secure funding and grow your business.



No matter what option you choose, it’s important to have a well-written business plan. This document will help you make a strong case to potential investors or lenders and show them that you’re serious about your trucking business. By considering all of your options and choosing the best one for your needs, you can give your business the boost it needs to succeed.