Creative Funding to acquire a small trucking business

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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.
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Reply by a searcher
from Northeastern Illinois University in Chicago, IL, USA
Basil, I was in a similar situation not long ago. Let me know if you want to talk. I might be able to provide some insight on creative financing.
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