Are you in need of fast working capital for your trucking business? Are you in need of fast cash to keep your business running? We help trucking companies get same day trucking loans up to $25,000. Read more to find out how we can help you get funded today!
The trucking industry is one of the largest industries in America, generating over $800 billion in revenue per year, and keeping our country going. There’s over 500,000 trucking companies in the U.S. with 16 million trucks on the road. However, many trucking businesses are hurting right now because of lack of capital.
What are Same Day Trucking Loans?
Same day trucking loans are not actually loans but business cash advances, which are gaining popularity quickly because of the fast funding times and easy qualifications. Big banks have stopped lending to small businesses which do not have perfect credit scores, collateral to put up, and generate a million a year in revenue.
Business cash advances are great for the other 95% of businesses that don’t qualify for a bg bank loan. Business cash advances, or merchant cash advances are lump sums of money given to you the same day or next day and the amount of the advance is determined by your monthly revenue.
Typically, you can get an advance up to 75% of your monthly revenue. So, if you make $20,000 a month, you can probably get an advance for $15,000. $15k can do a lot for a business that might have a financial emergency or a tractor needs a repair, or need to hire new drivers asap. A trucking business cash advance can be used for anything you need it for.
Using your Business Advance for Your Trucking Company
As a trucking business owner, you know exactly where to use the money. There are also other ways you can grow your trucking company, which we will briefly cover:
One) Maximizing Load Boards: if your trucking business is getting inconsistent or sporadic shipping requests, then it is time to upgrade your loan boards, by getting Truck Stop and DAC load boards, and drumming up business by searching for businesses in your preferred industry through your local Chamber of Commerce website.
Reach out to companies who might need freight shipped, like metal and stone suppliers, welding companies, and so forth. Create relationships with them and reach out to at least 20 new businesses each day. You can email them your proposal and call to follow up. Eventually you will start getting new shippers every day.
Two) Hiring Bonus: There is a serious shortage of licensed truck drivers right now. You can create a $2000 hiring bonus, for example, and call CDL training centers and have them post your job opportunity in their job placement office. That way, when new drivers get their CDL, they can contact you.
Three) Repair and Advance: Repair any of your tractors that might not be running smoothly and make sure the tires all have the required tread left on them. Semi tires can cost a fortune and also the regular scheduled maintenance, like oil changes. Then, you will also have to pay for fuel sometimes before the shippers pay, so you need funds for that.
There’s a myriad of things you can use the funds for, but again you know best what your business needs. At least you can rest easy knowing that we offer same day truck loans up to $25,000. We also have loans up to $2 million if you earn $20,000 a month in revenue and have a credit score of 500.
Working with Us for Same Day Trucking Loans
Same day trucking loans can save your business, especially if you need the funds right away because of an emergency. Our requirements for same-day funding is simple: Earn $5,000 a month revenue, 6 months in business, 450 credit score.
Our application process is fast and you can view the offer and decline it or accept it. Typical business cash advances are paid back through your business checking account using ACH, so a business checking account is required.
Please fill out the form below, it won’t affect your credit score. You’ll also get a dedicated account manager to help you get the funding you need and you can also get multiple fundings as you pay them down. I wish you all the best, god bless, and thanks for transporting what America needs!
Erik C. Johnson
Independent DAC Agent