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Working capital or short-term business financing is the usual route, since a truck out of service stops earning and speed matters more than rate. Several lenders in our network fund within 24 to 48 hours on bank statements alone. Some repair facilities also carry their own financing arrangements.
Compare the repair cost against the truck's value, remaining engine hours before overhaul, and what a replacement would cost to finance. A major engine repair on a high-mileage unit can approach a down payment on a newer truck with a warranty and a longer available term.
Yes. Business lenders weigh revenue and contracts more heavily than personal credit, and a signed carrier agreement demonstrating the income that will service the loan carries real weight.