Transport Funding

What Transport Funding does

Transport Funding, LLC is a privately held specialty finance company founded in 1997 and headquartered in Overland Park, Kansas. The company exclusively finances used commercial trucks and trailers, targeting owner-operators and small fleet operators that are typically underserved by traditional bank lenders. Over its 27-year history the company has cumulatively financed more than $1 billion of equipment. The core product is a direct equipment loan with terms up to $85,000 and 60 months, supported by an in-house credit application process that delivers same-day decisions and routes applications through a nationwide dealership network. Loan servicing is handled entirely in-house from underwriting through account management, with ancillary revenue generated from bundled protection products including GAP (Guaranteed Asset Protection) waivers, physical damage insurance, and debt waiver programs sold at point of sale.

The business operates with an extremely lean footprint of 1–10 employees and depends on third-party infrastructure rather than proprietary technology. Credit applications flow through an integration with Arrow Truck Services, account management runs on the VFSCO customer portal, and payment acceptance is distributed across multiple third-party rails — Speedpay for electronic payments, Western Union Quick Collect, Comchek, EFS Transcheck, T-Chek, ACH bank draft, and physical lockbox processing via First Data/REMITCO. Go-to-market is inside-sales driven, combining a website-based online application, a phone-based sales and servicing operation (1-800-562-9265), and dealer network referrals. The company's privacy policy references data sharing with 'other companies of the Volvo Group,' which suggests a possible corporate affiliation or data-sharing arrangement that is not formally disclosed in ownership materials.

Transport Funding generates revenue primarily through interest income spread on its loan portfolio plus transaction-fee income from ancillary credit protection products. Loan pricing is quote-based and customized to creditworthiness, driving experience, work history, and equipment usage, with no publicly disclosed rate cards. Customer concentration is structurally low by design, with loan sizes capped at $85,000 and a horizontal segmentation across thousands of independent owner-operators and small fleets in the U.S. domestic market only.

Name

Transport Funding

Legal name

Transport Funding, LLC

Website

https://transportfunding.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

1–10 employees

Short description

Transport Funding, LLC is a privately held Kansas-based specialty finance company founded in 1997 that provides used commercial truck and trailer loans plus bundled protection products to U.S. owner-operators and small fleet operators.

Ownership category

akta.pro rank

Product category

Commercial Vehicle Financing

NAICS

Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing (532411)

SIC

Finance Lessors (6172)

akta.pro primary industry

Commercial Trucking & Heavy Equipment Vehicle Finance (FSAKADAI)

akta.pro secondary industry

Fleet & Commercial Vehicle Finance (FSAKADAE)

Keywords

• Used truck financing
• Commercial vehicle loans
• Trailer financing
• Owner operator lending
• Small fleet lending

Headquarters

HQ city

Overland Park

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Equipment Financing - Interest Income: Transport Funding generates revenue primarily through interest income on loans and leases for used trucks and trailers. They finance equipment purchases and service the accounts throughout the loan lifecycle.
2. Credit Protection Products: Revenue is generated from ancillary protection products sold at the point of sale, including physical damage insurance policies, GAP (Guaranteed Asset Protection) waivers, and Debt Waiver programs. These products can be included in the finance contract and monthly payment.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Transport Funding provides financing and lending services exclusively for used commercial trucks and trailers, serving owner operators and small fleet operators across the United States. Since 1997, the company has underwritten, originated, and serviced loans and leases in-house through the full loan lifecycle, from credit application through account servicing, with same-day credit decisions. Complementary Protection Plans (GAP waiver, Debt Waiver, Physical Damage Insurance) are offered at the point of sale and can be rolled into the finance contract.

Product overview

Transport Funding operates as a specialized used truck and trailer financing company serving owner operators and small fleets since 1997. The core product is the Used Truck and Trailer Financing service, which handles the complete loan lifecycle from initial credit underwriting through account servicing. This is complemented by an integrated suite of Protection Plans including Physical Damage Insurance, GAP Waiver, and Debt Waiver Program—these are purchasable at point of sale and can be included in the finance contract. The product ecosystem also includes digital service tools: a Payment Calculator for loan estimation, an Online Credit Application routed through Arrow Truck Services, an Electronic Payment System and Customer Account Portal for payment management, and multiple payment processing integrations (Western Union, Speedpay, Comchek, EFS Transcheck, T-Chek). The company has financed over $1 billion worth of equipment since inception and maintains partnerships with dealerships across their network for equipment selection.

Differentiator

Problem solved

Functional benefit

Products and services

• Used Truck and Trailer Financing Business financing service for purchasing used trucks and trailers, serving owner operators and small fleets. Transport Funding handles the full loan lifecycle from credit underwriting through account servicing, with same-day credit decisions and routing of applications through its dealer network.
• GAP Waiver (Guaranteed Asset Protection)

Quantifiable outcome

• Over $1 billion worth of equipment financed since 1997
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Volvo Financial Services: Captive finance arm of Volvo Group offering loans and leases for new and used commercial trucks via dealer network. Directly comparable to Transport Funding's truck financing model and a possible affiliated party based on Transport Funding's privacy policy references to Volvo Group companies.
• Daimler Truck Financial Services: Captive finance arm for Freightliner and Western Star trucks (Daimler Truck), providing loans, leases, and insurance for both new and used commercial vehicles. A direct analogue as a dealer-channel commercial vehicle lender targeting owner-operators and small fleets.
• Paccar Financial: Captive finance arm of Paccar (Kenworth, Peterbilt), providing retail financing, leasing, and insurance for commercial trucks. Competes head-to-head with Transport Funding for owner-operator and small fleet used-truck financing via its dealer network.
• Navistar Financial: Captive finance provider for International brand trucks, offering retail loans, leases, and dealer floorplan financing for new and used commercial vehicles. Closely comparable in target customer (owner-operators/small fleets) and product set.
• CIT Group / First Citizens Bank Equipment Finance: Major equipment finance division (formerly CIT) within First Citizens Bank, financing trucks, trailers, and other commercial equipment for fleets and operators. A larger, broadly diversified commercial vehicle lender with overlapping financing products.

Direct peers

• Commercial Credit Group: Independent commercial equipment financier providing loans and leases for trucks, trailers, and construction equipment to owner-operators, small/medium fleets, and dealers. A direct competitor to Transport Funding in the used truck finance niche with overlapping customer profile.
• Great Lakes West Financial: Niche commercial truck and trailer financing company focused on owner-operators and small fleets, offering purchase financing with same-day credit decisions. Closely overlaps with Transport Funding's specialty dealer-network-driven used truck finance model.

Emerging players

• Hino Financial Services: Captive finance arm for Hino trucks providing retail financing and leasing for medium- and heavy-duty commercial trucks. Operates in adjacent truck segments with comparable used vehicle financing capabilities.
• Balboa Capital: Independent equipment finance company providing commercial truck and trailer financing, leases, and working capital to small businesses. Competes with Transport Funding for similar owner-operator and small fleet borrowers via digital origination.
• TFS (Truckload Finance Services / Trucking Finance Specialists): Smaller niche commercial truck financing and factoring firm targeting owner-operators with loans and working capital. Comparable in product scope and customer base to Transport Funding's owner-operator focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/transpo-funding-corp

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Transport Funding