Today I’m going to talk about the instant cash advance for trucking. So what is an instant cash advance? It’s where you can get up to $5,000 in 10 minutes. It’s an automated loan application process, and the funds can show up in your account within 10 minutes. It’s due to AI and algorithms that make this possible. The underwriting is basically an algorithm that analyzes your checking account, makes sure that you have enough cash flow to support this advance.
Instant Cash Advance for Trucking
So, I’m gonna go into the details of how you can get this instant cash advance. So first of all, last year was a record year for trucking companies. Over 109,000 new trucking companies started, however, the price of fuel has skyrocketed in the last year by 76%.
So many trucking companies are struggling right now. Trucking is a $212 billion a year industry and is one of the biggest industries in America. It’s what keeps America going, and a lot of trucking companies are feeling the crunch big time.
Many trucking companies are now folding and they can’t make it because of the fuel, because of the inflation, because of the supply chain issues and whatnot.
There’s over 2 million trucks on the road with over 5.6 million trailers. So it’s a thriving economy. I live in Texas, there are so many trucking families here in Texas. It’s not even funny.
So I’m going to talk about how you get this money. Trucking is our number one client, so I’m really glad to help you guys stay on the road. Here are the requirements for the instant cash advance.
Instant Cash Advance for Trucking Requirements
Now this is for businesses that are only using a personal checking account, which is pretty much 80% of the clients we had in the past can now get funding because we now have this personal checking account availability.
So, if you make more than $3000 a month with your business and you have a business checking account, we do have two other loan programs up to $2 million, so keep that in mind, but I’m not going to talk about those today.
The instant cash advance you have to be doing $3000 a month with your business the last three months and you have to be making four deposits in your checking account each month for your business. It can’t be W2 income from a job. It can’t be any transfers from other personal checking accounts. It has to be business revenue.
So if you have that and you don’t have too many negative days in the bank, then you could qualify. If you don’t have any other outstanding loans or you haven’t had any fraudulent behavior in the past, then this is really good for you.
Instant Cash Advance for Fuel and Whatnot
This can help you buy fuel or fix broken equipment to stay on the road. You can do advertising with your business. You can use the money for anything you want to keep your trucks on the road. That’s the bottom line.
So the terms are eight to 10 weeks, and you pay it back weekly. If you get additional funding, which you can get two or three or four advances over time, you have up to 16 weeks to pay that off. So it’s almost like a business line of credit for tracking.
This is a very powerful new tool. You can also get this money 24/7 since it’s automated 365 days a year, you can apply at 10 o’clock at night and get the money you need in 10 minutes. So it’s always going to be there for you.
Instant Cash Advance for Trucking Rates
The factor rates, we use factor rates instead of interest rates, the factor rates are 1.2 to 1.6. These are no collateral instant cash advances. We do not look at your FICO. The FICO does not matter anymore. It’s based on the cash flow of your checking account. That’s the only thing that we’re really looking at with this.
So if you’re scrambling right now, which I know a lot of trucking companies are, and you need $1000 to $2000 – people are saying that it’s taking about $1400 of fuel to fill up their truck, their rig with the fuel prices right now.
The average fuel price I think is like 530, up 76% from last year. So it’s really a hard thing right now for any trucking company. So I hope this money can help you. Like I said, I just helped a trucking company five days ago get $10,000 with our same day business loan.
But the instant cash advances is for trucking companies that only have a personal checking account. They might have bad credit, but they’re still creating steady revenue. So if that sounds like you then click the link under this article. Thank you for watching and God Bless!
Erik C. Johnson