Capital Solutions Truck Financing

by Jason Dasher
(Tucson, AZ, USA)

The trucking industry employs thousands of people and is a lucrative enterprise for many business owners. While the business may be lucrative, operators normally face a number of challenges, the most significant being financing. Other challenges include; frequent mechanical breakdowns, dishonest drivers, road crashes and lack of sufficient business to keep the business afloat. Many of these challenges can easily be overcome by taking an insurance policy on both the trucks and business, hiring honest drivers and effective marketing of the business. Financing, however, is not easy to come by especially if the owner of the trucking business has a poor credit history.

Capital Solutions Truck Financing

When starting a trucking business or planning to expand the business by acquiring new trucks, you will definitely need financing. Unfortunately, banks and credit unions usually consider the credit history of the borrower. If you have bad credit, either due to a previous bankruptcy, past repossessions, tax liens or defaults on personal loans, most financial institutions would shy away from doing business with you. Furthermore, most lenders also look at debt to income ratios. If you have a high debt to income ratio, most lenders would reject your request for financing. This difficulty in accessing financing is the reason why many truckers close shop or experience stagnating growth. Fortunately, capital solutions truck financing, as the name suggests, offers financing to all types of truckers.

Grow Your Business With Capital Solutions
Truck Financing

Whether you lease out your trucks to construction companies and transporters or operate your own trucking business with your own team of drivers, getting additional trucks will obviously increase your revenue. Imagine how much your business can grow if you had enough trucks to cater for all the trucking needs of a large construction company. You could easily service your loans, maintain the trucks, buy truck insurance for your trucks and pay all government levies without a problem. To cap it all off, you will get a neat profit from your trucking operations. By meeting the trucking needs of a client, you will not only be growing your business, but also developing a great reputation.

Convenient Financing Terms and Conditions

Capital solutions truck financing offers convenient terms and conditions. For instance, you can buy trucks from a number of sources including; eBay, private parties, auctions, dealers, bank repossessions and fleet liquidations. All you need to do to get financing is provide clean and clear titles on other commercial trucks. Alternatively, you can use equity in real estate, or heavy equipment, as collateral. You can also use high value personal vehicles and collateral from a cosigner as security for the loan. In case you do not have any form of collateral, you will only need to make a 50% downpayment to get the truck you need to grow your business. For more information please visit our site

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