Direct Credit Funding recently arranged $60,000 in trucking working capital for an established Mississippi transportation business. The company needed funds for trailer repairs, operating cash flow, and small equipment purchases. Despite a less-than-perfect credit profile, the transaction was approved and funded.
Deal Snapshot
| Credit score | 639 FICO |
|---|---|
| Industry | Trucking and transportation |
| Location | Mississippi |
| Business history | Operating since 2015 |
| Funding | $60,000 in working capital |
| Business need | Trailer repairs, operating support, and small equipment and accessories |
| Outcome | Approved and funded |
A Repair Need That Couldn’t Be Ignored
The business had a trailer in the shop and needed capital to get it back on the road. The request also included support for everyday operations and the purchase of smaller equipment and accessories.
That made the financing need broader than buying a single truck or trailer. The company was looking for working capital to support the equipment and operations it already had.
Looking at the Full Business
The owner’s credit profile (639 FICO), presented a challenge, but the business brought an established operating history and consistent cash flow. The deal summary identified those strengths as part of the overall picture that supported the funding.
What to Prepare for Trucking Working Capital
If repairs are putting pressure on your cash flow, start with a clear explanation of the amount you need and how you plan to use it. A repair estimate, a description of your business operations, and current financial information can help the financing review address the actual problem.
The takeaway from this transaction is straightforward: a challenging credit profile can still be worth reviewing alongside the business’s operating history and cash flow.
Frequently Asked Questions
Can working capital help with trailer repairs?
Yes. Trailer repairs were one of the stated uses in this funded transaction, along with operating support and small equipment purchases. Tell DCF what needs repairing and the amount needed.
Can a trucking business be considered with imperfect credit?
Yes. This established trucking business received funding with a less-than-perfect credit profile. DCF can review the complete scenario with its financing sources.
What should I provide when requesting working capital?
Start with the amount requested, the intended uses, your time in business, and current financial information. DCF can then identify the documentation needed for the available options.
Do I need to be purchasing a new truck?
No. This request supported repairs and existing operations. If that is your situation, explain the working-capital need rather than limiting the conversation to a new equipment purchase.
Tell Us What Your Business Needs
Need funds for repairs or operating support? Apply with Direct Credit Funding or call 888-844-7676. We’ve been helping businesses arrange financing since 1997.
Explore our working capital financing services. For another way an established transportation business accessed capital, read our equipment sale-leaseback funding story.
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