POWERED BY CONFIRM CAPITAL
The transportation industry is very competitive and always changing with emissions and regulations requiring equipment upgrades and consistent services plans. Also, having to pay for fuel and labor before the invoices roll in make it a challenging yet rewarding industry to compete. We works with transportation companies to develop financing plans for capital needs. Through our mix of product offerings that include, transportation business term loans, lines of credit, invoice factoring, and equipment financing.APPLY NOW
QUALIFICATIONS FOR TRANSPORTATION FINANCING
WE ASK ALL OUR CLIENTS THESE QUESTIONS TO ENSURE YOUR SATISFACTION
Qualification for these loans is easy but there are a few things that you need to know before you apply:
What are your gross monthly sales?
Knowing this is important because it will help us determine the amount you qualify for. If your sales vary, take the last 3 months and add them together and divide by 3. The average of the last three months works too. The minimum amount is $10,000 gross sales in order to qualify for a loan.
What will you use the funds for?
It is always a great idea to have a plan before borrowing. This will ensure you are ready to return the most amount of profits from your investment in capital.
Do you already have an open balance on another loan?
If you have an open balances with another lender. Please know the amount outstanding and how long you have left to satisfy the loan. Don’t worry…even if you have open balances we can still get you a loan if you qualify for additional funds.
Do you have tax liens or bankruptcies?
If so, we can still work with you to get you a loan but you will need to provide proof that you are satisfying the outstanding balances for those issues.
GET IN TOUCH WITH US
We have funding specialists waiting to speak to you about funding for your business. Fill out the form and we will get in touch with you.