Financing Options for Trucking Companies with Bad Credit in California
Running a trucking company in California is challenging, especially when cash flow gets tight, and credit scores are not where you want them to be. Many trucking businesses face unexpected repairs, rising fuel costs, insurance expenses, and the constant need to upgrade equipment. When bad credit stands in the way, getting financing can feel impossible. The good news is that several funding options are still available for trucking companies across California, even if traditional banks say no. This guide breaks down the most reliable financing solutions , how they work, and what you can realistically expect when applying with less-than-perfect credit. 1. Equipment Financing Equipment financing is one of the most flexible and popular options for trucking companies with bad credit. Instead of relying heavily on your credit score, lenders look at the value of the equipment you want to buy. The truck or trailer itself acts as collateral, lowering the risk for the lender. This type of finan...