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Small Business Loans for Trucking

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4.99%

Competitive rates on secured financing

80,000

Twice the average approval of our competitors

4.9

Owning and operating a trucking company is a significant challenge. The expenses for trucks, equipment, fuel, and vehicle maintenance can create a complex budget. Combined with common delays in invoices and payments in the freight industry, it’s no wonder many trucking business owners require financing to manage cash flow inconsistencies.
To help, we’ve streamlined the process and outlined it for you below. Continue reading to learn how you can qualify and apply for trucking loans.

How Trucking Loans Can Expand Your Business

So, you’ve perfected your route, have a consistent customer base, and are now ready to expand with a new truck and some employees. Whether you’re just starting out or are an experienced trucker, if you need financing to hire new drivers, cover fuel and toll costs, repair trucks, or grow your fleet, a trucking loan can provide the necessary funds.

A common issue for any small business owner is cash flow shortage, and owner-operated truck driving businesses are no exception. Truckers often accumulate credit card debt to cover fuel, tire repairs, and tolls. However, with a trucking loan from Great Energy Capital, managing your budget becomes much easier.

Working Capital

500

fico

6

Mo

$10K
Mo

Legal Residency

Any Owner

Equipment Financing

600+

fico

2

YRS

None!

Legal Residency

51%

 

What is a Trucking Loan?

A trucking loan is essentially a short-term loan or line of credit that helps you make purchases or cover expenses when your business’s cash flow is tight. At Great Energy Capital, we ensure the process for trucking companies is straightforward and fast. Truckers can apply from their smartphone, get funded quickly, and benefit from short repayment terms, allowing you to get back on the road efficiently.

There are several financing options available for truckers, and selecting the one that best suits your business’s needs is crucial. Our team can help create a lending package tailored to your requirements. Here’s a brief overview of the financing options for trucking.

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Short-Term Loans

These loans are perfect for quick growth and addressing short-term cash flow needs for expansion.

Business Line of Credit

If you encounter recurring cash flow problems due to payment delays or other seasonal funding issues, a line of credit can be beneficial.

Equipment Financing

If you need to expand your fleet or repair trucks, this type of financing is ideal.

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