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9
Mar

Working Capital Loans: What, Why, and When

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Working Capital Loans

Working capital refers to the money that a company uses to cover its rent, as well as its payroll, supplies, utilities, and other related daily expenses. Businesses will sometimes run into cash flow issues and may require a short term loan to help them get through a difficult financial situation. When this happens, they may turn to a working capital loan to pay for their expenses until they get back on their feet. Here, we will delve into the benefits of working capital loans, as well as the types of working capital loans available to businesses, and when to apply…

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15
Feb

Top 5 Tips When Applying For Truck Finance

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More and more people are taking on jobs that require either a long haul on the road or heavy lifting. For this reason, interest in truck financing has increased over the last few years. The possible salary that a truck driver can earn has also significantly increased the interest in truck financing, as some truck drivers can make as much as $200,000 a year. In fact, some companies are in such dire need of truck drivers that they are providing ten thousand dollar incentives to entice people to relocate in order to drive their trucks. Evidently, the importance of trucks and trucking in many industries should not be underestimated.   However, the aforementioned incentives will drastically diminish if the employee doesn’t have his own truck. The driver will also have money deducted for their salaries in the form of rental fees if they do not own their own truck. However,…

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1
Feb

What Every Truck Driver Needs to Know About the Weight of Di...

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Truck drivers need to consider the weight of their trucks everytime they are loading their next haul. Weight helps to determine fuel mileage and how much a trucker is paid for their haul. Truckers should also consider the weight of the fuel that helps their trucks move. Diesel weight is much smaller than the weight of a cab or a haul, but if these important details are not considered in their plans and calculations, it may be the most consequential part of an entire trip. Importance of Diesel Weight There are several important reasons why truck drivers need to know the weight of their diesel fuel. These reasons are all connected to avoiding potential regulatory scrutiny and making a ride as smooth and cheap as possible. The first reason is to calculate the weight that a truck can handle at any one time. Trucks have to carefully balance the amount…

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