Reviewed by: Fundo Underwriting Team
Last reviewed: September 2026
Owner-operators can cover fuel, insurance, tolls, repairs, and other costs between loads in several ways. They may use cash on hand, freight factoring, business credit, Revenue-Based Financing, a merchant cash advance, or other working capital.
The right fit starts with one question: why is cash tight?
If the work is done but pay is late, factoring may help. If many bills are due at once, broader funding may fit better.
| Question | Fundo Answer |
|---|---|
| What does Fundo provide? | Revenue-Based Financing for business purposes |
| Minimum average monthly revenue | $1,500 |
| Minimum time in business | 3 months |
| Can eligible owner-operators apply? | Yes |
| Can 1099 workers and independent contractors apply? | Yes |
| Can eligible sole proprietors apply? | Yes |
| Is consistent account activity required? | Yes |
| Does Fundo review bank activity and cash flow? | Yes |
| Can a personal checking account be accepted? | May be accepted in qualifying situations |
| Is approval guaranteed? | No. All applications are subject to underwriting |
The Gap Between “Done” and “Paid”
Trucking can have a cash gap even when work is steady.
Drive the load.
Finish the job.
Send the bill.
Then wait to get paid.
Fuel does not wait.
Insurance does not wait.
Tolls, parking, small repairs, and road costs do not wait either.
That is why funding for trucking companies is often about timing. The work may be there. The cash may just come later.
Try This Three-Number Check
Before you seek funds, write down three numbers.
Cash on hand
How much can you use and still protect the next trip?
Bills due first
Add fuel, insurance, tolls, repairs, and other must-pay costs.
Cash coming in
List the payments you expect soon.
Now look at the gap.
This can help you avoid taking more than you need. It can also point you to the right type of funding.
When Freight Factoring May Help
Freight factoring may fit when the work is done but the bill has not been paid.
The carrier sends an eligible invoice to a factor.
The factor sends part of the cash up front.
Then the factor gets paid by the customer.
This can speed up cash.
Still, check the full deal. Compare:
- Fees
- Holdbacks
- Recourse terms
- Contract length
- Customer contact
- Exit rules
Factoring is tied to invoices.
So, it may fit a slow-pay problem.
It may not fit as well when the owner needs cash for fuel, repairs, insurance, and several other costs at once.
When Revenue-Based Financing May Fit
Revenue-Based Financing looks at the wider health of the business.
A review may look at:
- Monthly revenue
- Deposits
- Bank use
- Cash flow
- Time in business
- Current bills
- Returned items
- Other review data
This may help when a truck owner has active revenue but needs cash for more than one cost.
For example, fuel may be due today. Insurance may be due this week. A small repair may also be needed.
That is a wider cash-flow need.
At Fundo: What Truck Owners Should Know
Fundo provides Revenue-Based Financing for business use.
Eligible truck owners, 1099 workers, sole proprietors, and independent contractors may apply.
Fundo’s current starting rules include:
- At least $1,500 in average monthly business revenue
- At least three months in business
- Consistent account activity
- An account that can pass bank verification
Fundo reviews revenue, deposits, bank activity, and cash flow. It also reviews current bills and other data.
Meeting the starting rules does not mean approval is certain.
This matters in trucking.
A slow week can happen.
A fuel bill can hit hard.
A repair can land at the worst time.
Fundo looks at the wider pattern, not one day.
A Simple Between-Load Example
A truck owner finishes two loads.
The open invoices total $6,000.
The next load is ready.
But the owner needs $1,200 for fuel, $800 for insurance, and $400 for tolls and other road costs before the next payment arrives.
The business has work.
The cash is just late.
If unpaid invoices are the main issue, freight factoring may be worth a look.
If the owner needs cash for several costs, broader funding may fit better.
The goal is not to grab the fastest offer.
The goal is to keep the truck moving without making the next cash gap worse.
What Should Owners Compare?
Keep it simple.
Cost
What is the full cost?
Timing
When will the funds arrive?
When do payments or remittances start?
Cash-Flow Fit
Can the business still handle the terms in a slow week?
Use
Can the funds cover the real business need?
Current Bills
What else is already due?
Flexibility
What happens if revenue drops?
If the terms are not clear, ask more questions before you sign.
Why Bank Activity Matters
A trucking account can change fast.
A large deposit may hit on Monday.
By Friday, fuel, insurance, tolls, and repairs may have used much of it.
So, one balance does not tell the whole story.
At Fundo, the review looks at the wider account pattern.
That can include revenue, deposits, balances, returned items, cash flow, and other activity.
This gives more context than one high day or one low day.
Can a Sole Proprietor Apply With Fundo?
Yes.
Eligible sole proprietors may apply for Fundo’s Revenue-Based Financing.
Eligible 1099 workers and independent contractors may also apply.
The business still needs to meet Fundo’s current starting rules and pass review.
What If the Owner Uses a Personal Checking Account?
Fundo can accept a personal checking account in qualifying cases.
The account still needs to show business activity that can be reviewed.
That can help a truck owner who runs a real business but has not moved every deposit into a separate business account.
Quick Answers
Can funding help cover fuel between loads?
Yes. Business funds may help cover fuel and other valid business costs when the agreement allows it.
Can it help with insurance?
It may, if the use is for the business and the terms allow it.
Does Fundo work with independent truck drivers?
Eligible 1099 workers and independent contractors may apply.
What is Fundo’s minimum monthly revenue?
At least $1,500 in average monthly business revenue.
How long must the business be open?
At least three months.
Does one slow week decide the result?
No. Fundo reviews the wider financial activity of the business.
Keep the Next Load Moving
A trucking business can have work lined up and still hit a cash gap.
That does not always mean the business is weak.
Sometimes the timing is simply off.
Fuel is due now.
Insurance is due now.
The next customer payment comes later.
The right funding choice should help solve that gap without putting too much strain on the next load.
If your trucking business has active revenue and needs working capital for business costs, Fundo may be worth a look.
Fundo provides Revenue-Based Financing for business use. Current starting rules include at least $1,500 in average monthly business revenue, at least three months in business, and consistent account activity. All applications are subject to review and approval.
Keep the next load moving.
Check your Fundo eligibility and apply today!
Disclaimer:
Fundo offers Revenue Based Financing programs exclusively for business use. Any references to loan products, consumer products, or other financing forms are solely for marketing and educational purposes, aiming to differentiate Fundo's product from other similar financing options in the market.
