With 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 »
Construction firms can save money and prepare for the busy summer months or the slow winter months with a working capital loan and/or by leasing their equipment.
Opting to lease equipment allows companies to better allocate their capital savings for other reinvestment options.
Small business owners often are faced with a choice regarding the growth of their company.
U.S. trucking is on the rise, and a recent survey found a number of carriers will look to replace outdated equipment as business conditions get better. However, they may need help financing equipment leases.