Get More Working Capital At A Lower Cost

Live Oak Bank’s accounts receivable financing approach was designed for small to mid-sized trucking companies. We understand the unique challenges and opportunities in the freight industry – volatile fuel prices and freight rates, customer collection cycles and increasing insurance costs. Our team recognizes that each trucking company has specific cash availability needs so that poor timing of invoice payment doesn’t impact your business.


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Loan Solutions

Lines of Credit

We offer lines of credit for trucking companies when this is a better fit. A line of credit enables your trucking business to have flexible access to money when needed rather than selling your accounts receivable in a factoring arrangement.

Factoring

Our flexible approach to factoring, whether recourse or non-recourse, enables your trucking company to achieve better priced financing than typically offered by traditional factors. By selling your current invoices through factoring, you get the cash you need to cover your expenses and ultimately grow and expand.

 

About Live Oak’s Asset-Based Lending Solutions:

  • Designed for companies with $2MM to $25MM in sales
  • On average, 90% advance for your invoices, between $250k and $5MM
  • Continuous funding, whether factoring or line of credit
  • Funding available 24-hous a day

Wondering which of these two asset-based lending approaches best fit your business needs?
Discover the Difference


Why Live Oak

A Partner In the Middle

Discover a bank who truly understands your business. Our sole focus is to serve small and mid-sized companies. Are you looking for a unique partner to maximize the cash available on your receivables? Do you want a solution that fits between a traditional bank line of credit and more expensive traditional commercial finance or FinTech financing options? Consider Live Oak Bank as your ABL financing partner.

Flexible Financing Options

We offer flexible accounts receivable financing solutions, whether factoring or line of credit. Your invoices are seen as assets that you can use to get the cash you need to run your daily operations. When your needs change, we’ll change with you.

Exceptional Service

Our dedicated team truly wants to help you reach your goals. Just as you respond to shippers and corporate clients on a dime, we’re quick to respond to your questions and help you find cash solutions when an issue arises. With Live Oak, you’ll find a more personalize approach to accounts receivable financing.

Our Asset-Based Lending Team
understands your business.

Meet the Team