Industry guide
Business finance for transport and logistics
Transport operators pay for fuel, tolls and drivers before customers pay on 30–60-day terms, so truck and trailer finance is usually paired with a working-capital facility.
The cash-flow pattern we plan around
A transport business pays for fuel before the customer pays, often waiting 30–60 days on freight invoices.
What transport and logistics typically fund
- Prime movers, rigid trucks and trailers
- Fuel and tolls between invoice payments
- Fleet expansion for new contracts
Documents lenders usually ask transport and logistics for
- ABN and operator accreditation
- Bank statements and financials
- Freight contracts for larger facilities
Finance options for transport and logistics
Chattel mortgage for transport and logistics
Trucks hold value, so lenders on our panel will finance older prime movers than they would for cars. Term and balloon are matched to the contract the truck is servicing..
Equipment loan for transport and logistics
An equipment loan is a secured business loan used to buy machinery, vehicles or technology, with the equipment itself as security and fixed repayments over 1 to 7 years. It covers new and used assets from dealers or private sellers.
Invoice finance for transport and logistics
Transport operators with reliable freight customers can fund each invoice as it is raised, covering fuel and wages the same week rather than waiting 45 days..
Business line of credit for transport and logistics
A business line of credit is an approved limit you can draw on, repay and redraw as needed, paying interest only on the amount used. It suits businesses whose funding needs rise and fall through the year.
Key terms
Truck finance
Truck finance is secured equipment finance for prime movers, rigid trucks and trailers, usually structured as a chattel mortgage over 3–7 years with an optional balloon.
Questions from transport and logistics
What documents will you need?
We start with a conversation about your business. To assess your options, lenders commonly need identification and recent business bank statements. Depending on the loan, they may also request BAS, financials or statements for existing debts. Your broker gives you a clear list for your situation.