25-Truck Fleet Secures $3MM Freight Factoring Facility to Fuel Rapid Growth

Transaction Details

  • $3MM
    FUNDED
  • PRODUCT
  • Transportation
    INDUSTRY
  • Lexington, KY
    LOCATION
March, 2023

This 25-truck fleet with over 50 drivers based in Lexington, Kentucky provides drive-away services, transporting the vehicles of other fleets to maintenance facilities or new hubs. We provided a flexible freight factoring facility with a 95% advance rate on their accounts receivables to support their rapid growth.

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