Creative Funding to acquire a small trucking business
December 02, 2025
by a searcher from Arizona State University in Chicago, IL, USA
I’m currently in discussions to acquire a small trucking company with 7 trucks, but I’ve run into a financing challenge. Because the business is less than two years old, it doesn’t qualify for an SBA loan. I need approximately $350K to complete the purchase.
Several lenders suggested equipment financing, but most have said I don’t qualify since I don’t yet own the business. I’ve explored personal loans as well, but the approval amounts are far below what I need.
Has anyone used creative or alternative financing to secure this level of capital for an acquisition? Open to any ideas or lenders who may specialize in situations like this.
from Northeastern Illinois University in Chicago, IL, USA