Finding the Right Loans for Your Trucking and Transportation Business

By: First Union | Date:

resources

Finding the Right Loans for Your Trucking and Transportation Business

See Your Loan Options

Get Started

While the trucking and transportation industry may be going full speed ahead, it seems that currently there is a shortage of truckers in this country. As of 2017, it was estimated that over the course of the next five years, roughly 90k truckers per year would be needed in excess of what we already have. Meaning, there is also a shortage of tractor trailers available to haul much-needed goods and make those critical deliveries. If you are interested in pursuing a hauling/trucking business or are currently looking to expand your operations, there could not be a better time to do so.

One thing is for sure, if you do get into trucking and transportation or consequently are wanting to grow your enterprise, you’re going to require cash to do it. This is where First Union comes in. Did you know that we have a number of flexible small business loan and lines of credit programs that are tailored specifically to your transportation business? We understand that a truck driver’s financial needs are going to be vastly different from say a beauty salon owner’s. This is why each client has a dedicated advisor on hand, with whom they will work through the entire application and underwriting process. And the great thing about our funding plans is that the process doesn’t take months or even weeks—you could have the cash in just a few days!

If you qualify, you can access up to one million dollars if needed. What might you use this money for? How about:

  • Updating equipment, repairs, or purchasing spare parts
  • Dealing with taxes, licensing and insurance fees
  • Expanding your operations
  • Marketing efforts for your company, such as a new website

We also offer loan programs for purchasing new tractor trailers. Unlike traditional lenders, we look beyond the credit score as we want to help you get your foot in the door of this thriving industry that needs people now. With flexible payback plans, you simply can’t go wrong trusting First Union with your trucking and transportation financing needs.

It is always a good idea to have a budgeting plan just in case unfortunate events do come up. First Union Lending offers many business loan products that you can utilize. Find out what you qualify for!

Better Business Bureau
5 star rating
Trustpilot reviews

First Union Lending LLC is a dually licensed Lender/Broker with its main offices located at 4900 Millenia Blvd First Floor Orlando, FL 32839. First Union Lending LLC and its ads are meant for continental United States, including Alaska and Hawaii small business owners. Business Loans offered by First Union Lending LLC have varying rates and terms that can range from 30 - 120 payments and all rates and terms are based on eligibility of the business and its owners. The actual terms are based on credit, business history, industry, amount and terms. As an example, a $5,000 loan paid over 5 years at 8% would have a total repayment of $6,082.92 over the life of the loan. We use the latest encryption to protect sensitive information transmitted online, as well as run our own secure server network to ensure your information is protected offline as well.

Copyright © First Union Lending, LLC. 2021