Truck Finance•July 2026

Finance for Transport Companies | Overdrive Funding

Name: Overdrive Commercial Funding
Address: 54 Miller St, North Sydney, NSW, 2060, AU
Telephone: +61417000316
Price range: Free
Rating: 5

Overdrive Funding is the finance broker for Australian transport companies — truck finance, trailer finance, working capital, insurance premium funding and more from 80+ lenders.

Compare 80+ lenders — free, no credit check

Get a rate comparison for your specific asset and profile with no obligation.

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Key Takeaways

Overdrive Funding is the dedicated finance broker for Australian transport companies — equipment, vehicles, cash flow and more.
We compare 80+ lenders in one free application to find the best deal for your transport companie business.
Low doc finance available up to $500,000 — no tax returns or BAS required for eligible ABN holders.
Business overdrafts, insurance premium funding and tax debt facilities available alongside equipment and vehicle finance.
Our service is completely free — we're paid a "referral fee" by the lender after settlement, no cost to you.

Australia's transport companies have complex and evolving finance needs that go well beyond truck and trailer finance. The most successful transport businesses work with a dedicated finance broker who understands their entire balance sheet — not just their equipment requirements.

Finance Solutions for Transport Companies

Prime mover and semi-trailer finance
Rigid truck and curtainsider finance
Refrigerated trailer and temperature-controlled transport finance
Cash flow and business overdraft (line of credit)
Insurance premium funding for transport businesses
Tax debt assistance and ATO payment plans

How We Help Transport Companies

At Overdrive Funding, we work with transport companies of all sizes — from owner-operators running a single prime mover to multi-vehicle fleets with complex financial structures. We handle everything from individual truck finance applications to full fleet refinancing, working capital facilities and insurance premium funding.

Cash Flow Solutions for Transport Companies

Cash flow is one of the biggest challenges for transport companies in Australia. Freight payment terms can stretch 30 to 90 days, while fuel, wages, insurance and maintenance costs are due immediately. Business overdrafts (lines of credit) and invoice financing are two of the most effective tools for managing transport company cash flow gaps.

Why Transport Companies Choose Overdrive Funding

We compare 80+ lenders in one application, charge nothing for our service, and have specialist knowledge of the transport companie industry. Simon and Emma at Overdrive Funding have helped hundreds of transport companies get better finance deals — call us today or fill in the form above for a free rate comparison.

Low Doc, Light Doc & Full Doc Truck Finance

When applying for truck finance, lenders will generally offer Low Doc, Light Doc or Full Doc finance. The right option depends on how your business is structured and what financial information you can provide.

Low Doc Truck Finance

Financial Statements RequiredNo

BAS Statements RequiredNo

Business Bank StatementsNo

Approval SpeedFastest

Interest RatesHigher

Borrowing CapacityUp to $500k

Ideal OutcomeQuick approval with minimal paperwork

Light Doc Truck Finance

Financial Statements RequiredNo

BAS Statements RequiredUsually

Business Bank StatementsYes

Approval SpeedFast

Interest RatesCompetitive

Borrowing CapacityUp to $500k

Ideal OutcomeBalance of flexibility and pricing

Full Doc Truck Finance

Financial Statements RequiredYes

BAS Statements RequiredSometimes

Business Bank StatementsSometimes

Approval SpeedStandard

Interest RatesMost Competitive

Borrowing CapacityUp to $10m+

Ideal OutcomeBest pricing and maximum borrowing power

Feature	Low Doc Truck Finance	Light Doc Truck Finance	Full Doc Truck Finance
Financial Statements Required	No	No	Yes
BAS Statements Required	No	Usually	Sometimes
Business Bank Statements	No	Yes	Sometimes
Approval Speed	Fastest	Fast	Standard
Interest Rates	Higher	Competitive	Most Competitive
Borrowing Capacity	Up to $500k	Up to $500k	Up to $10m+
Ideal Outcome	Quick approval with minimal paperwork	Balance of flexibility and pricing	Best pricing and maximum borrowing power

Which Option Is Right For You?

Our finance specialists will assess your circumstances and recommend the most suitable option for your business.

If You Are...	Recommended Option
Self-employed or businesses with limited financial records	Low Doc
Businesses with bank statements and BAS available	Light Doc
Businesses with full financials	Full Doc

Low Doc Truck Finance

Low Doc finance is designed for borrowers who want a simple, streamlined approval process. In most cases, no financial statements or BAS statements are required. Approval is generally based on your ABN history, credit profile, and the asset being financed.

Light Doc Truck Finance

Light Doc finance provides a middle ground between Low Doc and Full Doc lending. Borrowers can often qualify using recent business bank statements and limited supporting documentation, without the need for full financial accounts.

Full Doc Truck Finance

Full Doc finance is suitable for borrowers who can provide complete financial records and supporting documentation. This option typically offers the most competitive rates and highest borrowing capacity.

Frequently Asked Questions

What finance do transport companies use most?

Transport companies use truck and trailer finance as their primary asset finance tools. Beyond equipment, the most commonly used finance products are business overdrafts (lines of credit) for cash flow management, insurance premium funding to spread annual insurance costs, and tax debt facilities to manage ATO obligations.

Can I get finance for a transport company with bad credit?

Yes. Specialist lenders consider transport company applications with adverse credit history — including defaults, judgements and ATO debt. The key factors are the strength of the business, its revenue history and the asset being financed.

Do you finance both new and second-hand trucks for transport companies?

Yes. We finance new, demo and used trucks and trailers for transport companies — from dealers, auction, private sellers and direct fleet-to-fleet sales.

Can I refinance my existing truck fleet?

Yes. Fleet refinancing is one of the most effective ways for transport companies to reduce their monthly repayment load and improve cash flow. We compare 80+ lenders to identify refinancing options for existing truck and trailer portfolios.

What is insurance premium funding for transport companies?

Insurance premium funding allows transport companies to spread their annual insurance premium across 10 to 12 monthly payments rather than paying the full year upfront. This is one of the most popular cash flow tools for transport businesses.

What truck finance rates are available in Australia?

Truck finance rates in Australia currently start from around 6.1% per annum for established operators with clean credit financing new trucks. Used trucks, new ABNs and adverse credit attract higher rates. Comparing 80+ lenders through a broker gives you the widest range of rate options.

Can I get no deposit truck finance?

Yes. No deposit truck finance is available for eligible operators with 2+ years ABN, active GST registration and clean credit. Lenders assess the truck's resale value and your business history to determine no-deposit eligibility.

Can I finance a used truck?

Yes. Used trucks from dealers, private sellers and auction are all financeable. Lenders assess the age, condition, kilometres and resale market for the specific truck. Most lenders have no blanket age restriction on well-maintained trucks from reputable sources.

Can you beat my current finance quote?

We often can. Overdrive Funding has access to exclusive lenders offering discounted rates that aren't available directly through banks, dealers or other brokers. If you have an existing quote, send it to us and we'll compare it against our full panel of 80+ lenders — free of charge with no impact on your credit score.

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