NEW GUIDE BY BENJAMIN PERRY - BUSINESS CONSULTANT
Are you an over the road trucker looking for funding for your business? Do you need cash to grow and expand, or to get started – or to tread water? Then this guide is for you. But first, let’s look at some special characteristics of over the road trucking businesses.
Over the road trucking is considered a high-risk industry. This is per SIC (Standard Industrial Classification) and NAICS (North American Industry Classification System) standards.
Normally, high-risk industries have some things in common. There can be high risks of injury on the job. Or an industry may engage in a lot of cash transactions. This is true regardless of the safety record of a particular business, or the majority of its transaction types. Trucking comes under the injury risk umbrella.
Conventional banks are not a good place to look for loans for high risk industries. Over 89% of business applications are denied by the big banks. High-risk industries are subject to stricter underwriting guidelines. It is possible to get loans from conventional sources, but it’s not easy. Alternative lenders are often your best be
This guide will start with outlining a dozen great alternative lenders who can help you with financing your over the road trucking business
Expert Strategies for Truckers: Discover tailored financial advice specifically for truckers, helping you navigate the complexities of business funding and credit management.
Real-Life Success Stories: Get inspired by real truckers who transformed their financial situation and grew their businesses using the strategies in this book.
Step-by-Step Guidance: Follow easy-to-understand steps to improve your credit score, secure funding, and build a solid financial foundation for your trucking business.
Maximize Your Earnings: Learn how to leverage your personal and business credit to access more funding, invest in new opportunities, and maximize your income on the road.
Comprehensive Resource: This book is packed with actionable tips, checklists, and resources to support every aspect of your financial journey, from initial setup to ongoing management.
Empower Your Future: Equip yourself with the knowledge and tools to take control of your financial destiny, ensuring a prosperous and sustainable future for your trucking business.
