A flatbed or wrecker is the business, and when one goes down, so does the revenue. Working capital helps towing owners buy, repair and keep trucks on the road.
Apply Now →A towing company earns when its trucks are rolling. A wrecker or flatbed that is waiting on a transmission repair is not billing, and the driver still has to be paid. That is why towing owners think in terms of truck-days rather than months.
The equipment is costly and specialized. Flatbeds, wreckers, heavy-duty recovery trucks, wheel-lift units, dollies, winches, tools and light-duty roadside service vans each have their own purchase price, maintenance profile and insurance requirements. Commercial towing insurance in particular is a large and regular cost.
Calls cluster around snow, ice, heavy rain, heat and holiday traffic. A storm night can be the best revenue day of the quarter, requiring every truck and driver to be available, with fuel and overtime paid right away. Then a quiet stretch follows.
The cash patterns also depend on who is paying. Motor-club and insurance-network work pays on the club's schedule. Municipal and police-rotation work pays on the agency's cycle. Private-pay roadside calls are paid on the spot but are unpredictable. Many owners mix these, and the slow-paying accounts are the ones that create the squeeze.
For illustration only: if a flatbed is out for three weeks and the owner loses a few thousand dollars of calls each week, plus a driver's wages, the downtime itself is a significant fraction of what a down payment on a replacement would cost. A funded replacement that returns the truck to service quickly can pay for itself faster than a slow repair.
Adding trucks means adding drivers, insurance and storage space before the added volume arrives. Contracts with motor clubs or property managers can justify the move, but the first payments take time. Funding can bridge the weeks between delivering the truck and collecting the first full invoice cycle.
A good week is a snowstorm or a holiday weekend, with every truck out and the owner worrying about fatigue and fuel. A bad week is a clear stretch with few calls and a truck in the shop. The difference between the two can be several thousand dollars of revenue per truck, which is why owners with several trucks keep a reserve. Dispatch software, a second driver for nights and a relationship with a trusted repair shop all reduce the risk, but they cost money to set up.
The application takes about five minutes with a soft credit pull. We review about three months of business bank statements and no tax returns are required. FICO 500 and above is considered. Funding runs from $25,000 to $5,000,000 and can arrive in as little as 24 hours after approval. Owner-operators with one truck can apply as sole proprietors.
Yes. Sole proprietors can apply. We review about three months of business bank statements and do not require tax returns.
Yes. Working capital can be used for trucks, repairs, insurance, payroll and fuel. Funding runs from $25,000 to $5,000,000.
Calls cluster around weather and traffic, costs like insurance and maintenance are steady, and club or agency accounts often pay on a delay.
In as little as 24 hours after approval.
No. The application uses a soft credit pull, and FICO 500 and above is considered.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
