Small Business Funding Options For Trucking & Transportation Companies
All businesses require money to make money. Certain businesses need a lot of money just to stay afloat due to high operation costs. These businesses also tend not to receive money until after delivery is completed. Truckers often have to fund the costs of delivery before getting paid for this task.
Deliveries can take weeks to be completed depending on the location of the destination. Managing a trucking company can be near impossible while paying to fuel trucks, complete repairs, or funding their next delivery while all their capital is tied up until after the delivery is completed. The trucking industry is time sensitive and projects need to be completed on time in order to get paid for the delivery.
Inclement weather and truck breakdowns can also cause delays, while winter months can lead to a slow season for truckers. Extended business cycles make it difficult for truckers to take on extra work, pay suppliers, and make smart financial decisions. Truckers also do not have the luxury of time to make these decisions because the period in which they can do business is short.
First Premier Funding is a great company to get the funding for your trucking company. We have experience with numerous companies in this industry and have seen them grow exponentially. We have funded more trucking companies than any other industry and have seen how much an extra truck on a fleet can drastically change a company’s path. Call us today to see how you can be our next success story at (888) 358-8484.