Trucking Business Loans - A Definitive Guide

Trucking Business Loans

 Trucking can be a lucrative career.

Maybe you are considering entering the trucking business because of the great pay - most seasoned truckers make $45-50,000 salaries -  or because you want to see the country. There are many great reasons to choose trucking as your career!

Unfortunately, the many costs associated with trucking - check out the infographic below - can hold truckers back from being as successful as they'd like...



Today, I'm going to address that problem and tell you how simple it is for you (and your semi truck) to qualify for a small business loan.

Financing some of the costs associated with owning a big rig is often a great option - but it can be really hard to figure out what you're qualified for and which option best suits you and your small business needs.

The American Trucking Association American Trucking Trends 2015 "reports that trucking continues to be the dominant mode of freight transportation in the United States:
  • In 2014, trucks moved 9.96 billion tons, or 68.8%, of all domestic freight.
  • The $700.4 billion in revenue accounted for 80.3% of all freight transportation spending.
  • Trucking employed more than 7 million people, including 3.4 million drivers.
  • Combination trucks logged 168.4 billion miles in 2013, or an average of 69,000 per truck.
  • Since Deregulation, the number of registered motor carriers has grown by 68 times to more than 1.3 million carriers.
  • Commercial trucks paid $16.5 billion in federal highway user fees in 2013."

With all that in mind, this is a great time to focus on growing your trucking business! And, to make that happen, it takes cash. Whether it's purchasing new equipment and parts, like axles, brakes, wheels, or the trailers and tractors themselves, or something smaller like making payroll - whatever the need, Silver Rock Funding can help. With Silver Rock Funding, you could get access to up to $500,000 for your trucking business without draining any money from your savings.

Love this great video on what to expect in your first year of trucking, too!




For more insight on how to make your trucking business successful, consider this advice from Smart-Trucking.com.