Information to help you make the right choice for your business – from understanding your options for financing to choosing the best lender for you
There are different types of trucking businesses thriving in the trucking industry. They can be classified by route, such as local, regional, or national carriers, and they can also be classified based on the type of load shipping, such as LTL (less than truckload), FTL (full truckload), reefer (refrigerated goods), white glove (special handling), and… Read more »
READ THE STORYWith over 500,000 trucking businesses in the United States, it is one of the country’s most competitive industries. As of 2020, the U.S. trucking industry was valued at $732.3 billion, with 902,000 truck drivers employed. But therein lies a problem. With about 900,000 drivers to 500,000 businesses, there are fewer than two truckers for every… Read more »
READ THE STORYSmall business loans offer several benefits when compared to other forms of financing. Unlike investor funding or selling company shares, you don’t give away a portion of your business equity with a loan. Compared to crowdfunding, small business loans are far more reliable and faster in acquiring the funds you need for your company. Here,… Read more »
READ THE STORYRunning a small business can be lonely and frustrating at times. But you are not alone on this journey of entrepreneurship. According to the US Small Business Administration Office of Advocacy’s 2022 report, over 33 million small businesses are operating in the U.S. A 2016 study from the U.S. Bureau of Labor Statistics indicates that… Read more »
READ THE STORYRunning a small business is like maneuvering a ship through an unpredictable sea. It’s smooth sailing when everything falls in place, but it can quickly turn into a rough ride if your business runs into troubled waters. As a small business owner, you need to be prepared to face financial challenges caused by an unexpected… Read more »
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