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19
Oct

8 Construction Startup Tips

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Construction startup tips

Obtaining construction financing is easier said than done, and the process that needs to be followed in order to start a new construction business is not child’s play. However, the construction industry is a high-growth one, so there are plenty of opportunities for success if you follow the right guidelines. Here, we will discuss some handy construction startup tips to help maximize your chances of success. 1. Determine Your Sector There are primarily 3 main construction sectors; namely, industrial, infrastructure, and buildings. Industrial includes chemical plants and mills, while infrastructure includes dams, bridges, and roads. As for the building sector,…

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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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