Are you a trucking company in Atlanta looking for fast working capital? Are you tired of waiting weeks or months to secure funding or cannot get approved at all? We offer several same day or next day trucking loans in Atlanta all the way up to $2 million. You don’t need collateral, and we accept bad credit and high-risk industries. Read more about Trucking Loans Atlanta Bad Credit Ok.
Why Use a Instant Trucking Loans Atlanta Bad Credit OK
Atlanta is the 4th largest city for trucking, with over 32,000 truck drivers calling Atlanta home. Atlanta is the 38th largest city in America with over 500,000 residents. Although the job website Indeed states the average salary of a truck driver in Atlanta is a cool $74,000 a year, Trucking owners still struggle to get bank loans when emergencies arise, like trucking fuel being over $6 per gallon.
Brief Overview of Our Trucking Loans Atlanta Bad Credit OK
We offer three programs for trucking companies. Our instant cash advance is for trucking companies who only have a personal checking account and make at least four business deposits a month. You can get up to $5,000 with this one, however we can only loan around 25% of your monthly revenue.
The second option is our most popular. Get up to $25,000 the same day. This one you need to be doing $5,000 or more in monthly revenue, have a business checking account, in business 6 months or more, and a FICO of 550 or higher.
Third option is up to $2 million dollars in 3 to 5 days. This one you need to be doing at least $15,000 per month, ideally for the last year, have a FICO of 500 or higher, and need a business checking account. We can lend up to two times your monthly revenue with this one.
Using a loan for trucking through us is the fastest option for trucking businesses that need money faster than what banks can offer. 80% of trucking companies are declined traditional bank loans, this is where we come in. Our number #1 client is trucking companies.
I helped 3 trucking companies last week secure funds within a day or two so they could take care of some emergencies. It feels great helping truckers, being from Texas, trucking is big business here and the backbone of America.
Trucking Loans Atlanta Bad Credit OK Loan Rates and Repayment
Our trucking loans use factor rates instead of interest rates, which is common in the MCA lending space. Our range is 1.19 to 1.60. The factor rate is lower the higher your creditworthiness is. There’s also no fees or penalties to pay off the advance/loan early, and you can draw additional funding as soon as you pay off the previous advance/loan.
Our terms vary significantly depending on the loan. We offer 8 week terms for the small instant advance, all the way up to 24 months for the larger truck loans up to $2 million.
Repayment is simple and hands-free. Repayment will come out of your checking account via ACH on a daily or weekly basis – depending on what you set up with our account manager.
How to Apply for Trucking Loans Atlanta Bad Credit OK
We offer the fastest, 100% automated online application in the industry. Simply answer a few questions on the application and it will redirect you to the right loan program based on your FICO, revenue, and banking type.
The application takes only a few minutes and will not effect your credit score. If you pre-qualify, you will see the amount you have been pre-approved for. If you decide to accept the loan you will be prompted to connect your bank and/or accept and sign the documents. You will get your own dedicated account manager to help you along the process. Be sure and check your spam folder for any missed communication. I wish you all the best in the world.
Erik C. Johnson