Commercial Truck Repair Financing | Mehmi Group

When a truck is down, revenue stops. Whether it’s an in-frame overhaul, transmission rebuild, DPF/aftertreatment, brakes and tires, or collision work, you need cash quickly and predictably. Here’s how Canadian owner-operators and fleets finance repairs without starving fuel, payroll, or insurance.

Fast options (at a glance)

Model payments in minutes with the calculator and pick the shortest term your cash flow can support.

How to pick the right tool

• Single repair, clear quote: Fixed-term working capital loan keeps budgeting simple.
  
  
• Repairs every quarter: A line of credit you draw and repay as invoices cycle.
  
  
• Receivables at 45–60 days: Factoring converts AR to cash for parts and labour.
  
  
• Asset-rich, cash-tight: Sale-leaseback or refinance releases equity from owned tractors or trailers.
  
  

See sector specifics: Transportation & Trucking.

What underwriters expect (so you fund in 24–48h)

• 3–6 months business bank statements (PDFs, all operating accounts)
  
  
• Shop estimate or pro-forma invoice (parts, labour, taxes)
  
  
• One paragraph on use of funds and route coverage (how the payment is covered once the unit is back on the road)
  
  
• If optimizing price, consider Secured; for speed or smaller tickets, see Unsecured
  
  

If you’ll add or replace a unit after repairs, compare Equipment Loans now and step down blended cost later with Business Refinancing.

Case study (realistic)

A BC carrier lost a tractor to a failed turbo and DPF damage; estimate: $22,000. We structured a 12-month working capital loan for the repair and layered freight factoring on two slow-pay shippers for 90 days. Truck was rolling within the week; cash coverage came from restored lane revenue and faster AR turns.

Approval checklist you can copy

• Shop quote with VIN and parts list
  
  
• 3–6 months bank statements
  
  
• Preferred term/payment range (test in the calculator)
  
  
• Insurance/broker contact (if using refinance or sale-leaseback)
  
  

FAQ

Can I finance repairs on an older or high-km tractor?
Often yes—approval focuses on cash flow and documentation. For larger costs, consider refinancing/sale-leaseback.

Is a loan or LOC cheaper?
For a one-time fix, a short loan usually has lower total cost; for repeated bills, a LOC can be cheaper if you pay it down quickly.

What if my customers pay slowly?
Use invoice/freight factoring so parts and payroll aren’t delayed.

Can I bundle tires and PM with the repair?
Yes—include them on the shop estimate; we can size the facility accordingly.

What if the repair triggers an upgrade?
Price a replacement via equipment loans and keep repair cash separate, then refinance to simplify later.

How fast can I be approved?
Clean files often see decisions in 24–48 hours once documents are complete.

Are you looking for a truck? Look at our used inventory.

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Ready to get your rig back on the road? Feel free to contact our credit analysts via Contact Us or run payment scenarios now in the calculator.