FREIGHT FORWARDER BUSINESS LOANS

Freight forwarder business loans

Freight forwarder business loans with an online lender, is a smart solution for freight brokerage companies in need of money to run their business. Quickly accessing unsecured working capital without the hassles of a traditional bank loan. SBA lenders require good credit, want to review your resume, see a detailed business plan, and examine two years of banking statements with a profit and loss statements. Additionally, you have to provide a detailed plan how the funds are going to be used. The loan 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. Click to learn more about Alternative Financing Advantages.

Our normal approval time is 24 hours.  We do not require any plan or purpose for the funds to be deposited directly into your account. It is completely up to the owner how they wish to utilize the money. 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. Call us today to get started.

Typically in three days, once you are approved. We can offer funding from $5000 to $250,000. The actual rates and terms are dependent on the performance of the business. How much capital that can be borrowed, is dependent on your monthly deposits. There is very little paperwork involved this is the main reason why the application process is so quick. There is not a single bank in the country that can approach the efficiency and speed of what an alternative lender can do for you.

Freight forwarder business loans

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

Freight Forwarder

Freight forwarder business loans

A freight forwarder is a professional logistics provider for merchant transportation.  According to the U.S. Bureau of Labor, this industry is projected to grow significantly in the next ten years. Their primary function is to move product from manufacturer to market, arranging cargo movement to the destination efficiently as possible. Coordinating shipment of incoming and outgoing cargo and freight shipments via airline, train, trucking, and ships. 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.

Freight forwarders come across cash flow problems at some point, especially when clients pays longer than net-30.  Having enough working capital is a necessity for the success of any business. It is essential for forwarders have enough working capital to pay carriers.  If carriers are not paid, they won’t move the freight. Simply put, if nobody moves your freight you have no freight business. Our freight forwarder business loans are designed as short-term solutions for freight companies in need of money to run their business.

Freight Forwarding Working Capital

The United States Government requires all freight forwarders to minimum maintain levels of financial responsibility, either through insurance, bonds or other financial securities. Additionally, freight forwarders are responsible for unexpected expenses such as delays in shipment, demurrage costs, detention penalties, and storage fees which can accumulate quickly. International products face custom exams, and inspection fees, all which the importer is responsible for. For a smaller business this can take a toll on working capital necessary for day to day operations. Working capital is a necessity for the success of any business.

Freight forwarder business loans

Loans for Bad Credit

Freight forwarder business loans

We provide simply freight forwarder business loans for bad credit, typically working with scores between 650 to 500. A recent report published by Credit donkey, credit scores across the country for millennial ages 22 to 35 years is 634. Generation-x adults ages 35 to 51 credit scores came in at 655. According to the United Sates Treasury Department, rejection rates have been roughly above 80% over the past several years with business bank loans. The truth is most businesses won’t qualify a small business loan through a bank.  To learn more about credit, and what you can do to change your score, follow link WHAT IS CREDIT.

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