Top 7 Trucking Finance Companies for Owner Operators |
Posted: March 9, 2021 |
Trucking companies contribute to our country’s economic growth significantly. For trucking companies to stay afloat and grow, they look to financing companies for support during unforeseen situations such as the pandemic. LRM LeasingLRM Leasing is a semi truck and construction equipment company located both in Pompano Beach, Florida, and Rhome, Texas. LRM Leasing offers lease-to-own vehicles and you get to own the truck after your last payment. Other than offering a variety of financing options which it has been doing over the past 35 years, it doesn’t run credit checks or ask for social security numbers or even have mileage limitations. Capital SolutionsBased out of Tucson, Arizona, Capital Solutions specializes in financing trucking companies with poor credit histories. It gives a 97% approval rate for pre-qualified individuals. You can apply for loan over the telephone and your approval will depend on your down payment amount and your collateral. Big Rig LendingBig Rig Lending is located in Dalton, Georgia. It is a title loan company that offers title loans for insurance, repairs, etc. All it takes is just 2 days for approval of loans up to $15,000. Go CapitalGo Capital is a truck financing company based out of Irvine, California. It offers financing solutions to various people with poor credit scorers and owner-operators. They majorly work with small- and medium-sized trucking companies. Some of their benefits are:
Lone MountainWith offices in 5 locations Omaha, Nebraska; North Las Vegas, Nevada; Chicago, Illinois; Tifton, Georgia; Fort Worth, Texas you can visit their store to check out current inventory. Their website also provides long details of pricing and specifications.
Integrity Financial GroupsBased in Midvale, Utah Integrity Financial Groups has a range of products such as equipment finance, credit repair and bad credit finance services. Their equipment list is varied and long including mobile cranes, semi trucks, heavy duty trucks, semi-trailers, refrigerated trailers, commercial trailers, and many more. The company offers free credit repair consultation and Personalized lease options with rates starting from 5.49% with 18 to 60 month terms. They also offer both small and medium ticket financing; small ticket financing up to $150,000 and mid-ticket financing up to $10 million. CAG Truck CapitalCAG Truck Capital is located in Chadds ford, Pennsylvania. It is a commercial vehicle direct financing company. Mainly working with owner operators, they help finance trucks and engine overhauls. Some of their benefits include early pay-off options and quick processing time. Once approved, the loan amount is credited within days. Final ThoughtsFinding the right financing option for your trucking business may take some time and a lot of research. However, it is important to find a lender who understands your business needs and goals and your strategies. There are several companies that give financial support to even bad credit scorers. So there is an option no matter your concern. Do your research and choose your fit from the wide variety of financing companies. https://blog.eform2290.com/finance-companies-for-owner-operators
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