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3
Aug

Why It Might Not Be a Good Idea to Buy Your Construction Equ...

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Construction equipment financing

In the construction and renovation industry, workers are only as good as their tools, which may include construction equipment such as grapples, digger buckets, bulldozers, diggers, scissor lifts, and grabs. Using such equipment, a construction worker can perform tasks that would normally take a dozen or so workers to accomplish. However, not all construction equipment is created equally, and a construction company must have the right tools available at a moment’s notice if they are to fulfill work orders and meet tight deadlines. As such, the million-dollar question becomes a matter of deciding if leasing or buying construction equipment is…

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10
Feb

Benefits of Leasing Trucks

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Benefits of Leasing Trucks

Within the transportation industry, there is a constant question as to whether companies should buy or lease vehicles. If you find yourself wondering whether there is a leasing truck benefit for your business, this blog could be of interest to you. At Truck Loan Center, we make transportation our business by helping companies like yours. Whether you need help securing a loan or finding the appropriate equipment to grow your brand, we can help. It’s important to note that leasing a commercial truck is very different from leasing a family sedan. There’s also the overall cost to consider. Buying a…

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3
Feb

Which is Better for You: A Line of Credit or Term Loan?

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Which is Better for You: A Line of Credit or Term Loan?

Within the trucking and transportation industry, there are two options to get started. Whether you’re looking to engage a single unit or a fleet, you can either rely on a line of credit or invest in a term loan. At Truck Loan Center, we like a credit loan better. However, there are pros and cons to both. If you’re at a crossroads and trying to determine how to finance your transportation, here are a few things to consider. What is a line of credit? Like a personal line of credit used to buy a car or finance a house, a…

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