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Dec

8 Ways to Use a Working Capital Loan for Your Trucking Busin...

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8 Ways to Use a Working Capital Loan for Your Trucking Business

There are many people who turn to working capital loans in order to fund their businesses. It is likely that many of your competitors have also taken out such loans in order to expand their companies. A short-term business loan can help solve cash flow problems that have stalled your growth. Although many other loan types involve complicated application processes, working capital loans are often approved quickly. Here, we will discuss some of the ways that you can use a working capital loan in order to fuel your trucking business. Bridge Payment Delays Some of your business partners may be…

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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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