Trucking moves 70% of Canadian freight. Equipment financing keeps the fleet rolling. From owner-operators buying a single Class-8 to fleet operators expanding to 30+ trucks, Canadian trucking lenders specialize in collateralized equipment loans, fuel cards, and invoice factoring against shipper receivables.
Personal-guarantee equipment loans. CFL Capital, RBC Equipment Financing, BDC Equipment loans. Rates 8-13%.
Mix of equipment loans + invoice factoring (selling shipper invoices at 95-97% of face). Working capital line for fuel + repairs.
Asset-backed lending (ABL) facilities against entire fleet. Lower rates (Prime + 2-3%) but covenant-heavy. Wells Fargo Equipment + Element Fleet typical.