If you’re an established owner operator or manage a small fleet and you’re looking to purchase a new truck, you have a few options for financing a truck, however just starting out, purchasing your first truck can be difficult due to lack of established business credit. Lets begin with financing a truck for established businesses; funding […]
Tips On Finding The Right Subcontracting Partner
You’ve been a trucker for a few years and are looking for new opportunities in the industry. The next logical step is to go into business for yourself as an owner-operator, but where do you begin? We’ve covered starting your own trucking business in previous posts, however you now have a truck and trailer […]
Financing Your First Big Rig
You’re probably familiar with the process: you walk into your local car dealership, peruse the lot, and are pounced on by an eager salesperson. After a bit of chit-chat, you take the car out for a test drive, pop the hood, and you might even do some quick research online on your phone to see […]
Getting Paid: 4 Effective Collection Strategies
You’re already having success finding work, but you’re finding the back-office and bill collection on loads delivered is taking too long or your communicating with the customer only after the bill is past due. At that point, cash flow is non-existent and you’re either dipping into your reserves, borrowing for operating expenses, or even worse, […]
Increase in Equipment Finance Consolidation After Major Player Sell-Off
Market conditions are ripe for new mergers and acquisitions in the equipment finance industry, as a slowdown in new equipment sales and the sell-off of significant assets by industry giant GE Capital Corp. A substantial portion of GE’s assets have already been acquired by BMO Financial Group and Wells Fargo & Co., however such a […]