Trucking Working Capital Loans

working capital loansTrucking Working Capital Loans can enable your transportation business to get working capital when and where you need it most. Traditional lenders require good credit, grade your resume, want two years of financial paperwork, and collateral. Plus they want a detailed detailed business 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 funding you need. If you have any issues the application is denied. Rejection rates have been roughly above 80% over the past several years with SBA loans.

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

Trucking Working Capital Loans – industry profile

freight broker working capital loans

Long distance trucking accounts for 70 percent of industry revenue, and local trucking makes up for 30 percent. The American Trucking Association report that 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. Large companies have advantages in account relationships, bulk fuel purchasing, fleet size, and access to drivers.

According to the U.S. Census Bureau, 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.

Trucking Working Capital Loans – grow your transportation business

The American Trucking Association reports in 10 years, the demand for trucking services will rise by 30 percent. Recently the largest U.S. trucking companies experienced declining growth. Thousands of smaller companies entered the business actual grew the industry. Trucking Transportation Business Loans are designed as a solution for transportation businesses in need of money to grow and help run their operation. Whether it is purchasing 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 working capital loans

Trucking Working Capital Loans – capital without the hassle

Trucking Working Capital Loans

Trucking Working Capital Loans provide a business friendly alternative to traditional bank loans for establish businesses.  Our simple method allows us to be flexible on credit history checks and avoid the unlimited documents connected to your approval. Funding from $5000 to $500,000. 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.