Trucking Company Financing: How to Fund Fleet Growth in Canada
From freight factoring to equipment loans, here is how Canadian trucking companies secure the capital they need to grow their fleet and operations.
Start an applicationThe Cash Flow Challenge in Trucking. Trucking companies face a unique problem: you deliver loads and invoice clients, but payment arrives 30–90 days later. Meanwhile, fuel, insurance, maintenance, and driver wages are due immediately. This creates a persistent cash flow gap that limits growth.
Freight Factoring: Your Best Tool. Freight factoring (invoice financing) converts your unpaid freight bills into same-day cash. Advance rates of 90–95% mean you get near-full value immediately. When your broker or shipper pays, the remaining balance (minus a small fee) is released to you.
Equipment Financing for Fleet Expansion. Adding trucks, trailers, or specialized equipment requires significant capital. Equipment financing from Voxen covers up to 100% of the purchase price with terms up to 84 months. The equipment itself serves as collateral — no additional security needed.
Combining Products for Maximum Growth. The most successful trucking companies use a combination of freight factoring for daily cash flow and equipment financing for fleet expansion. Voxen structures both products together for seamless capital management.