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Trucking Business Blog Posts

By First American Merchant

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Custom Small Business Funding for Your Trucking Company

If you wish to remain competitive in the trucking industry, it’s critical that you continue to invest in your business. Trucks and trailers require maintenance, wearable parts will need to be replaced, annual registrations and certifications must be paid for, etc. In addition to these expenses, you’ll still have driver’s wages, liability insurance and toll and fuel costs. In order to manage these expenses and continue to grow your business, you’ll need to find a reliable source of small business capital. Without access to quick cash, your business could miss opportunities to expand. Lack of cash flow could also (quickly) […]

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Where To Look For Small Business Funding

Some business owners use their own resources to finance their startups. Others need additional capital from an outside source. Modern lending landscape is constantly developing, and there are more financing options available to small-business owners nowadays than ever before. Today, non-bank online lenders offer more choices to business owners. It is important to evaluate the pricing, terms and rates offered by each lender and make the right decision. Below you can find the top things to take into account when evaluating lenders: Comprehensive Small Business Offerings Research and assess all the available options. Look for resources that will help you […]

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Top Ways To Fund Your Startup

Without money, you can never take your business off the ground and make your dreams come true. First of all, you should find the necessary business capital to fund your startup so to be able to focus on product development and marketing. If you’re interested in how you could get business financing for your startup, consider one of the options mentioned below. Before you’ll go through all these options, consider turning to a reputable business loan provider like First American Merchant (FAM) offers the best business funding opportunities in the field. As a reliable payment processor, FAM specializes in […]

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How Your Small Business Can Achieve Efficiency and Growth

Nearly all businesses of the same scale have the same key goals across different industries. According to a 2016 Q4 survey, small businesses want to see improvement in business efficiencies, increase profitability, spend less time on the actual business and generally see business growth. A small percentage of these businesses are already actively employing measures to attain the desired growth. A larger percentage of them are however aware of what they need but are yet to make any notable steps toward achieving the same. They need to make changes that will enable them to either expand their customer base or […]

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Best Practices for Success as a Transportation Business Entrepreneur

Entrepreneurs learn in different ways, either through personal experiences or through lessons from those who have been in the practice before. Regardless of the type of business you want to pursue, there are some lessons that apply across the board and can lead to significant success in the business. Let’s look at some. Always do the right thing There are sets of values we all profess. They may differ from person to person and based on the kind of business you are running. The bottom line is that every entrepreneur knows what they value as right. When you are faced […]

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Which Is The Best Funding Option For Your Small Business?

Business funding varies from situation to situation. No matter you need to expand your staff, purchase new equipment, or handle other expenses, you need finances. Below you can find the most popular funding options for small businesses: Bank Loan A bank loan is typically granted as an installment loan. This type of loan offers predictable repayment schedules that are easy to budget around. Qualifying for a bank loan can be challenging. Business Line of Credit This is an unsecured line of credit. It isn’t secured by your personal assets. Online lenders will use data to help you immediately get access […]

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Why Running a Trucking Business is a Good Choice

If you’re considering to start a trucking business, first of all, you should get to know the advantages and disadvantages of the trucking industry. Trucking Business The trucking industry generates almost $700 billion in annual revenue. This means you’re going to start a business with positive revenue prospects. The industry is expected to have a 21% increase in jobs by 2020. It is interesting to note that Uber has recently acquired self-driving truck startup Otto. This way Uber is entering into the long-haul trucking business with the purpose of establishing itself as a freight hauler and a technology partner for […]

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Trucking Business Loan

There are over 350,000 independent owner-operator truck drivers in the United States. This has become a popular industry and a great opportunity for small business owners to make money. Whether you are a single truck operator or own a complete fleet, there are expenses like truck equipment and licenses that will eat into profits. It takes about $180,000 a year to sustain a trucking company.  If you do not plan for these costs, they could bring your trucking business to a grinding halt. Setting Up Before buying any equipment, interested parties must check with the US Department of Transportation and […]

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