Wondering what your options are for commercial truck repair financing? We break down a few options here.
Owning a trucking business is full of unforeseeable obstacles. For instance, let’s say one of your trucks breaks down and you need to get it fixed to fulfill a shipment. What happens if you cannot afford to get it fixed right away?
Not only must you figure out how to keep the rest of your business running, but also, you need to get your truck back on the road before your business’s reputation is damaged.
Can you risk leaving a client dissatisfied because they did not receive their shipment? If not, you may need to look into commercial truck repair financing options. Here are three possible financing options that you might not have considered.
Commercial Truck Repair Financing Loans
When you need a repair fast but don’t have the capital available to get things fixed, a working capital loan is an excellent option. Repairs often cost tens of thousands of dollars, so it is no surprise that many trucking business owners turn to them for relief when something breaks.
Repair financing from AA Bankers can help you keep your fleet running.
Got any questions about commercial truck repair financing? Get in touch with us to talk to one of our experts!
Invoice Factoring
If you have customers who have not paid in a while, invoice factoring is a great tool you can use to get the cash you need.
Instead of trying to track down payments that should have been received months ago, why not let someone else do it for a small fee? Invoice factoring is not a loan, so there is nothing to pay back if you choose to go this route.
Factoring can help any trucking business—from the new business to the well-established business, it is an option that you should ignore.
Curious about how invoice factoring could help your trucking business? We are here to answer your questions. Contact us today.
Small Business Loans
Depending on your business, you could qualify for a small business loan. Commercial truck repair financing is expensive, so if you can get good terms for a loan, it might be worth it.
In addition to giving you the funds you need to repair your fleet, small business loans also allow you to build your credit, which could help you qualify for even better terms in the future.
Talk to AA Bankers about Your Commercial Truck Repair Financing Needs
At AA Bankers, we know the challenges that trucking business owners face because we have helped many people just like you get the financing they need to keep things running.
Are you interested in learning more about what we have to offer? We are standing by to take your call. Schedule a consultation today so we can get you back on the road.