TRUCKING BUSINESS LOANS

Trucking Business Loans

We provide trucking business loans, to trucking companies across America.  Our simple method allows for quick and easy funding. Loans from $5000 to $500,000. Rates and terms are dependent on the performance of the business. The amount capital that can be borrowed is dependent on monthly deposits. There is very little paperwork involved, this is why the process is so quick. Click to learn more about Alternative Financing Advantages.

 

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

Trucking Industry

The American Trucking Association reports in 10 years, the trucking industry will grow by 30 percent. Recently only the largest U.S. Trucking companies were experiencing declining growth. Now thousands of smaller independent companies have entered the business. Long distance trucking accounts for 70 percent of industry revenue, and local trucking makes up for 30 percent.  Yearly trucks move nearly 10.5 billion tons of freight, 70.1 percent of the of all freight tonnage transported domestically. The transportation industry growth has been spurred by the increased adoption of new technologies that allow time-specific delivery and online tracking of cargo.

Trucking Business Loans

Large companies have advantages in accountable relationships, bulk fuel purchasing, fleet size, and access to drivers. According to the Department of Labor, long–distance truckers typically operate a network of terminals connected by long-distance routes. Because most shipments involve transfers at terminals, companies often work with Freight Forwarding companies to arrange, consolidate, and monitor shipments to lower delivery costs. Demand is driven by consumer spending and manufacturing output. The profitability of individual companies depends on efficient operations.

Truck Repair Loans

Do you need a truck repair loan? Trucking business loans are designed as a solution for transportation businesses in need of money to grow and help run their operation. Whether you need new equipment and parts, like axles, brakes, wheels, or repairing equipment.  Compared to not repairing and letting the truck sit idle, you are losing money.

Trucking Business Loans

Low Credit Score

We offer loans with a low credit score, working with scores in the low-500 to mid-600 range.  There are no restrictions who you can use the funds. If there are major credit issues, understand your situation is unique, and the reports come in all forms, shapes and sizes.  We can discuss steps how improve your report, and help with getting organized.

SBA loans through a bank requires a credit score above 680.  According to a report published by Credit donkey, the average credit score across the country for Millennials ages 22 to 35 years is 634.  Generation X adults average score ages 35 to 51 is 655. It also shows 45 million adults don’t have any credit scores. The is why the United States Treasury reports denial rates have been roughly above 80% over the past several years with SBA lending. This is the truth is most businesses owners can’t qualify for a small business loan through a bank. Call us today to get started.

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