Automotive & Equipment
Business Funding for Fleet Services
Fleet service companies maintain vehicles for businesses that depend on trucks, vans, and cars to operate. The demand is steady because commercial fleets cannot afford downtime. But running a fleet service operation requires specialized diagnostic tools for diesel and commercial vehicles, parts inventory for multiple makes, and the technicians to work on everything from box trucks to refrigerated trailers. Winning a large fleet contract requires proving you have the capacity to handle the volume.
Common Uses
What Fleet Services Use Funding For
- Purchase diesel diagnostic equipment and commercial vehicle lifts rated for heavy trucks
- Stock parts inventory for common fleet vehicles including Ford Transit, Sprinter, and Freightliner
- Hire additional diesel and commercial vehicle technicians to handle growing contract volume
- Expand the service facility with additional bays and a dedicated fleet staging area
Funding Options
Best Funding Types for Fleet Services
Equipment Financing
Finance heavy-duty lifts, diesel diagnostic scanners, and alignment systems for commercial vehicles. Fleet service equipment is more expensive than light-duty shop equipment, but the revenue per repair hour is correspondingly higher.
Business Line of Credit
Cover parts and payroll costs on large fleet contracts where payment comes on net-30 or net-45 terms. Fleet customers are typically businesses with good credit, but they pay on their schedule, not yours.
Invoice Factoring
Factor your fleet service invoices to get paid within 24 to 48 hours instead of waiting on corporate payment terms. This is especially useful when you are onboarding a new fleet contract and expenses spike before the steady revenue arrives.
What Lenders Look For
Qualification Notes for Fleet Services
Related Industries
Related Automotive & Equipment Funding
By Location
Fleet Services Funding by City
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