Trucking Business Loans Explained

Trucking business financing helps thousands of transportation companies stay afloat every year. Small business loans for truckers, business credit for trucking, and trucking equipment financing are just some of the financial options available to assist struggling trucking companies and their employees.

You can find small business loans for startup trucking companies and lines of credit for hiring new employees, improving facilities, or purchasing new equipment. You can even obtain startup trucking business loans if you have bad credit.

That said, the trucking business loans landscape can be overwhelming, especially if you’re just starting your venture. In this post, we’ll cover the basics of trucking business funding, discuss some of the most popular trucking business loans and their benefits, and tell you how to qualify for trucking business financing.

Residential bridge loans can help homeowners bridge the financial gap between selling and buying a house. When you sell a property, bridge loans for home purchases can provide a short-term cash boost while you’re waiting to close the sale on your old home. While people frequently use bridge loans for down payments on a new property, these financing options also have additional applications.

In this post, we’ll outline the pros and cons of bridge loans, discuss how to get a bridge loan, and answer the question, ‘what is a bridge loan mortgage?’.

The Personal Guarantee Loan: What it Means for Your Business

When starting a small business, you may be required to provide what is called a personal guarantee for any business loans you take out. A personal guarantee exposes your personal assets to legal action and collection by lenders if you should default on your loan. However, personal guarantee loans also help small businesses get their start and provide money for unexpected expenses.

Since small business owners are the types of borrowers who most often have to sign a personal guarantee, we will talk about the various types of personal guarantees and what they mean for you and your business.

Small Business Grants for Veterans: How to Secure Funding

One of the rewards following a successful tour of service in the U.S. armed forces is the support that the U.S. government grants veterans. The U.S. armed forces have extensive programs to assist veterans in transitioning from military to civilian life.

If you are a veteran, a service member in transition, or the spouse of a service member, we hope you’ll find the information below useful in devising plans for a veteran-led small business. There are a great number of organizations that award grants for veterans to start a business. Join us as we dive into the subject of small business grants for veterans.