Trucking Business Loansin New Orleans

Trucking Business Loans for New Orleans businesses

Trucking financing in New Orleans breaks into three buckets: equipment (tractors and trailers), working capital (insurance down payments, fuel, repair reserves) and AR/factoring (the gap between freight delivery and broker payment). Owner-operators and small fleets running the I-10 corridor between New Orleans and Austin, or the central Louisiana industrial freight lanes, typically need all three working in concert.

Equipment loans are the easiest part - the truck is the collateral. AR factoring or AR financing handles the 30-60 day broker payment cycle that strangles weekly payroll. Working capital loans handle insurance down payments and unexpected repairs. Drawbridge Lending structures the combination based on rig count, lane mix and customer concentration. The right lender for an owner-operator hauling for one big shipper isn't the right lender for a 15-tractor fleet brokering its own freight.

Every Drawbridge Lending application runs through Louisiana-licensed lending partners -- one soft credit pull, side-by-side offers, no fee until close.

Other industry programs

• 01

  Restaurant Loans

  Fit-out, expansion and equipment
• 02

  Medical Practice Loans

  Clinics, physician groups & specialty
• 03

  Dental Practice Loans

  Equipment, expansion & acquisition
• 04

  Construction Business Loans

  Ground-up, renovation and equipment
• 05

  Manufacturing & Industrial Loans

  Production lines, tooling and industrial equipment
• 06

  Hotel Loans

  Acquisition, PIP renovation & refinance