Freight Broker Working Capital Loans

working capital loansFreight Broker Working Capital Loans can enable your business to get the funding when and where you need it most. Traditional lenders require good credit, want to review your resume, a detailed business plan, two years of financial paperwork, collateral, plus they want a detailed plan how the funds are going to be used. The application typically takes 40+ hours to complete. If you are approved it can be a month or longer before you get the capital you need. Rejection rates have been roughly above 80% over the past several years with on SBA loans. If you have any issues the application is denied.

Click below to see different industries, business strategies, and how to get started.

Freight Broker Working Capital Loans – grow your freight business

Freight Broker Working Capital Loans can help the transportation industry, which is projected to grow significantly in the next ten years. According to the U.S. Bureau of Labor. The primary function of a Freight Brokerage Business is to move product from manufacturer to market. Companies who sell directly to consumers (end users). Expedite and track movement of incoming and outgoing cargo and freight shipments in airline, train, trucking terminals, and shipping docks. Taking orders from customers and arrange pickup of freight and cargo for delivery. This service based business deals with business customers, as opposed to general consumers.

freight broker working capital loans

freight broker working capital loans

One of the biggest challenges is minimizing the time between receipt of an order and receipt of the goods from the manufacturer to the end user. Allocating capital, operating efficiently and turning inventory over quickly are the keys to making money in this business. For small to medium sized businesses with limited available capital, this can be difficult to do.

Freight Broker Working Capital Loans – Capital without the hassle

Freight Broker Working Capital Loans

Freight Broker Working Capital Loans process is different from banks or lenders offering SBA loans. We focus on the actual business performance that can be reviewed with a few months of bank statements. This allows us to be flexible on credit history checks and avoid the unlimited documents connected to your approval. We offer funding from $5000 to $500,000. The actual rate and term is dependent on the performance of the business. The amount capital that can be borrowed is dependent on the monthly deposits. There is very little paperwork involved this is the main reason why the application process is so quick.

Click below to see different industries, business strategies, and how to get started.