Running a business in the transportation industry comes replete with significant challenges and great rewards.
With the economy slowly rebounding, cars and trucks are staying on the road longer. This requires more maintenance, replacing parts, and an investment in upkeep and repairs. This could mean an ample investment in the short term for the long-term health of your transport.
Whether your business is expanding or simply needs to replenish inventory, PowerUp Lending Group has a customized program to help you accomplish your strategic goals – even if you have been unable to qualify for traditional business loans.
PowerUp’s Merchant Cash Advance is a fast, flexible alternative for businesses with a significant repository of credit card sales.
- Lump sum payment in exchange for a percentage of future sales
- No due dates
- Quick, easy cash even if you have bad credit or no collateral
5 Myths About Transportation Business Loans
Myth #1: If a traditional bank won’t approve my loan, no one will.
Myth #2: : If I don’t have perfect credit, I’m out of luck.
Myth #3: Lenders won’t consider my loan amount because it’s too small.
Myth #4: Small business lenders require that I repay the loan in big chunks, every month.
Myth #5: Business loans take a year and a day to get approved.
For details on these 5 myths and other valuable information on small business loans, download the free eBook Best Borrowing Practices for Businesses.