Working capital for owner-operators, small fleets and logistics companies — for repairs, fuel, insurance and adding equipment.
You front fuel, tolls and drivers long before the payment for the load arrives.
Every day in the shop is a day that truck earns nothing.
Renewals and down payments land all at once, often in a slow month.
Long applications and a lot of "no" for an industry they see as risky.
An owner-operator with two trucks bringing in about $70,000 a month blows an engine on one of them. The repair is $18,000, and the truck earns nothing while it sits. He applies from his phone, sees the options the same day, and the truck is back on the road that week.
Illustrative example — not a real client, and not a quote or a promise of approval.About 2 minutes. Basic business info and your recent bank statements.
As fast as 10 minutes. Soft credit check only — no impact to your score.
Same day once approved, straight to your business account.
Yes. Repairs, fuel, insurance, equipment and payroll are all common uses — it's working capital for your business.
No. Collateral isn't required.
No. We run a soft credit inquiry to pre-qualify, which doesn't affect your score. A hard inquiry may happen at funding.
No. Clovex provides revenue-based financing — capital based on your business revenue, with a fixed payback.
About 2 minutes. No impact to your credit.
