Question 1

Can you fund an owner-operator or a small trucking fleet?

Accepted Answer

Yes. We evaluate trucking businesses across the size spectrum — owner-operators with a single truck, small fleets of 2 to 10 trucks, and larger fleet carriers. The typical threshold is $25,000 or more in monthly revenue and at least 6 months in business with consistent deposits. Owner-operators with strong revenue patterns and clean FMCSA records are common applicants. Approval depends on revenue patterns, time in business, FMCSA safety standing, deposit consistency, and other underwriting factors.

Question 2

Can I get funding to repair or replace truck equipment?

Accepted Answer

Yes. Equipment repair and replacement is one of the most common reasons trucking operators seek funding. When a truck, trailer, engine, transmission, or refrigeration unit fails, the equipment generates no revenue until it is fixed — making the repair urgent. We provide fast funding decisions for eligible applications so operators can get equipment back on the road. Funding can also cover planned equipment purchases and fleet additions. Approval depends on revenue patterns, time in business, FMCSA standing, and other underwriting factors.

Question 3

How does funding help with the gap between broker payments and operating costs?

Accepted Answer

This is the core reason trucking businesses use revenue-based funding. Brokers and shippers typically pay 30 to 60 or more days after a load is delivered, while fuel, driver wages, insurance, and maintenance must be paid weekly or daily. Funding bridges that receivables timing gap, providing working capital to keep trucks running while waiting for invoices to be paid. Remittance is a percentage of revenue, so it aligns with how money actually comes into the business. Approval depends on revenue patterns, time in business, and other underwriting factors.

Question 4

Can you fund a trucking business with credit issues or prior FMCSA history?

Accepted Answer

We underwrite based on revenue patterns and bank statement strength rather than credit score alone. An established carrier with consistent revenue can be evaluated regardless of credit issues from prior business cycles, fuel cost volatility, or the high cost of getting trucks on the road. FMCSA safety standing is part of the evaluation, but a single issue does not automatically disqualify an applicant. Approval depends on revenue patterns, time in business, deposit consistency, regulatory standing, existing financial obligations, and other underwriting factors. Not all applicants qualify.

Question 5

Can you fund fleet expansion when I win a new contract?

Accepted Answer

Yes. Winning a dedicated freight contract often means a carrier needs to add trucks, trailers, or drivers before the contract revenue begins arriving. That timing gap — equipment and staffing costs upfront, revenue 30 to 60 days later — is a common funding scenario. Funding can bridge it so a carrier can say yes to growth rather than turning down a contract for lack of working capital. Approval depends on revenue patterns, time in business, FMCSA standing, and other underwriting factors.

Question 6

How fast can a trucking business receive funding?

Accepted Answer

Eligible applications submitted with complete documentation typically receive a decision the same business day, with funding often available within 24 to 72 hours after underwriting is complete and a funding agreement is signed. Speed matters in trucking — when a truck is down for a repair, every day idle is lost revenue. Actual timing depends on documentation completeness, deal complexity, and banking processing times. Not all applications result in funding offers.

Question 7

What documents do I need to apply for trucking business funding?

Accepted Answer

A typical application requires recent business bank statements — often the last 3 to 6 months — along with basic business information and identification. Because we underwrite primarily on revenue patterns and bank statement strength, bank statements are the central document. Additional items such as proof of operating authority may be requested depending on the situation. Having complete, recent documentation ready is the single biggest factor in getting a fast decision. Approval depends on revenue patterns, time in business, deposit consistency, and other underwriting factors.

Question 8

Can I get trucking funding if I already have an existing merchant cash advance?

Accepted Answer

It is sometimes possible, but it depends on the specifics. Having an existing advance — often called a position — is one of the factors evaluated during underwriting, and it affects both whether additional funding is available and on what terms. Some carriers do carry more than one position, but stacking multiple advances increases the strain on cash flow and is not always advisable. The honest answer is that it depends on your revenue, your existing obligations, and the details of the current advance. Approval depends on revenue patterns, time in business, existing financial obligations, and other underwriting factors.

Question 9

How much funding can a trucking business get?

Accepted Answer

Funding amounts depend primarily on the business's revenue. Deals for trucking businesses commonly range from around $10,000 for an owner-operator covering a repair or short-term need, up to $250,000 or more for established fleet carriers funding expansion. The amount, remittance percentage, and term depend on revenue patterns, time in business, deposit consistency, existing financial obligations, and other underwriting factors. A common general guide is that funding scales with monthly revenue, but the specific amount is determined case by case.

Question 10

Do I need good credit to get a trucking business loan?

Accepted Answer

Not necessarily. Unlike traditional bank lending, which leads with the credit score, our underwriting is based primarily on revenue patterns and bank statement strength. An established trucking business with consistent revenue can be evaluated even with credit issues that would lead to an automatic bank decline. Credit may be one factor among several, but it is not the deciding gate. Approval depends primarily on revenue patterns, time in business, FMCSA standing, deposit consistency, and other underwriting factors.

Question 11

Can new trucking companies or new authority get funding?

Accepted Answer

It can be more challenging. Most funding requires a minimum time in business — commonly around 6 months — with consistent revenue deposits, because underwriting is based on demonstrated revenue patterns. A brand-new authority with only a few weeks of operating history typically does not yet have the track record to evaluate. A carrier that has been operating for 6 months or more with steady deposits is in a much stronger position. Approval depends on revenue patterns, time in business, deposit consistency, and other underwriting factors.

Question 12

What can trucking business funding be used for?

Accepted Answer

Funding is general business capital and can be used for virtually any business purpose — equipment repair and replacement, fuel costs, driver payroll, insurance premiums, fleet expansion, bridging the gap while waiting on broker payments, covering a slow stretch, or taking on a new contract. There is no restriction tied to a specific use; what matters for approval is the revenue of the business. Approval depends on revenue patterns, time in business, and other underwriting factors.

Question 13

How does repayment work for trucking funding?

Accepted Answer

Repayment, more accurately called remittance, is structured as a percentage of revenue rather than a fixed monthly loan payment. It is typically collected through ACH on a daily or weekly basis. Because it is a percentage of revenue, the amount flexes with how the business performs — lighter during slower weeks, larger during strong ones. This structure is designed to align with the uneven cash flow that is normal in trucking. A merchant cash advance is not a loan; it is the purchase of future receivables.

Question 14

Can you provide semi truck financing?

Accepted Answer

It depends on what is needed. Financing the purchase of a semi truck or tractor itself is usually handled through equipment financing or a lease, which is a different product built around the truck as collateral. What Y Millennial Funding provides is revenue-based funding for an operating trucking business — capital that can go toward a down payment on a truck, major repairs and replacement parts, tires, fuel, insurance, driver payroll, and working capital to bridge the gap before broker and shipper invoices are paid. It is underwritten on revenue patterns and bank statement strength rather than the truck as collateral or the credit score alone, which is why an established carrier can be evaluated even with credit issues or prior equipment debt. Remittance is a percentage of revenue, so it flexes with how the trucks are running. Approval depends on revenue patterns, time in business, deposit consistency, and other underwriting factors. Not all applicants qualify.

Question 15

Do you offer business loans for trucking companies?

Accepted Answer

Yes, in the form of revenue-based business funding for trucking companies and owner-operators. Rather than a fixed-payment term loan, funding is structured as the purchase of future receivables with remittance set as a percentage of revenue, which fits the uneven cash flow created by 30 to 90 day broker and shipper payment terms. Trucking companies use it for fuel, driver payroll, insurance, maintenance and repairs, equipment down payments, fleet expansion when a new contract is won, and working capital between loads. Underwriting leads with revenue patterns and bank statement strength rather than credit score or hard collateral. A merchant cash advance is not a loan; it is the purchase of future receivables. Approval depends on revenue patterns, time in business, deposit consistency, and other underwriting factors.

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