Trucking Business Experiences Increase In Working Capital Loans
Commercial trucking and hauling business sees increased need for working capital to help offset spike in fuel costs. VMI LLC offers working capital loans ranging from $25,000 up to $250,000.
As fuel prices continue to skyrocket, some industries are being hit harder than others. One example would be commercial trucking and hauling. Fuel is the literally the driving force of commercial trucking and hauling businesses so when fuel costs spike, they are in big financial trouble.
As a result, these businesses are seeing smaller profit margins and need additional working capital to help them along the way. Unfortunately, traditional lending is not an option because of strict lending requirements such as perfect credit history and detailed financials. Many times business owners do not have the perfect credit score that big banks are looking for. Business owners also do not have six to eight weeks to wait to receive the loan -- they need working capital immediately.
However, there is a solution. VMI LLC offers a unique commercial truck financing program that gives business owners the working capital they need. Under the Fast Track Working Capital Program, an applicant can get $25,000 up to $250,000 in working capital using their free and clear commercial trucks as collateral to secure a loan. All that is required to apply is a one page application and a description of the trucks used as collateral.
Unlike traditional loans, this working capital loan is not based on credit -- it’s based on the value of the collateral used to secure the loan.
All commercial trucks are considered such as Peterbilt, Kenworth, Freightliner, Mack, Volvo and more.
Skylar Marshall, Communications Specialist for VMI LLC asserts, “We are one of the few companies that works with titled vehicles. We understand how difficult it is to run a business that heavily depends on the price of fuel. With fuel prices increasing so quickly, business owners need additional working capital to keep their businesses going. We provide them with an alternative financing option that is fast and fair.”
To find out more about the Fast Track Working Capital Program, go to http://www.FinanceHeavyEquipment.com or call toll free at 1-888-838-1945.
About VMI LLC:
VMI LLC provides commercial truck and hauling refinancing which allow companies to borrow against trucks and trailers to get working capital loans regardless of credit. Commercial truck loans range from $25,000 up to $250,0000. A one page application is required to apply. Loans fund in days. To find out how to get a working capital loan for commercial trucks and hauling, go to http://www.FinanceHeavyEquipment.com or call toll free 1-888-838-1945.
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- Contact Information
- Skylar Marshall
- Communications Specialist
- VMI LLC
- Contact via E-mail
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