Our Loan Officer knew exactly how to meet our needs. We were approved for our loan in 24 hours. This short term loan allowed us to grow and we’re launching new products.
Freight Broker Business Capital Loans are designed as short-term solutions for freight brokerage companies in need of money to run their business. Accessing working capital in as little few days without the hassles of a traditional bank loan. According to the U.S. Bureau of Labor Statistics, employment in the transportation industry is projected to grow significantly in the next ten years. Freight brokers are the middleman who expedite and track the movement of incoming and outgoing cargo and freight shipments in airline, train, trucking terminals, and shipping docks. Taking orders from customers and arrange pickup of freight and cargo for delivery. Also examine bills of lading to determine shipping charges and tariffs.
It is essential have working capital to pay carriers before being paid by the shippers. If the carriers are not paid in a timely fashion, they won’t move the freight. If nobody to hauls your freight, you have no business. Sometimes cash flow can be spotty and when the bigger expenses come up during those slower times. Working capital is a necessity for the success of any business.
We do not require any plan or purpose for the funds to be deposit directly into your account. It is completely up to the owner how they wish to utilize the money. We focus on the actual business performance that can be reviewed with a few months of bank statements. This allows us to be flexible on credit history checks and avoid the unlimited documents connected to your approval. We offer funding from $5000 to $250,000. The actual rate and term is dependent on the performance of the business. How much capital that can be borrowed, depends on your monthly deposits. There is very little paperwork involved this is the main reason why the application process is so quick. There is not a single bank in the country that can approach the efficiency and speed of what an alternative lender can do for you.