Transportation Business Loans & Financing
Own a limousine business, hauling service, or medical transportation company? You may benefit from a Samlend Financial transportation loan!
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What Are Transportation Business Loans?
Transportation business loans are loans that can be used for businesses in the trucking, automotive, and commercial vehicle business. These loans help fund new trucks, vans, cars, and other business vehicles. They are often used to expand fleet operations, pay for expenses, and to cover the cost of high value assets in the transportation industry.
How Transportation Business Loans Work
Transportation businesses can apply for lending to help grow your operations, expand your reach, add new employees and vehicles, and cover normal daily business expenses. There are different types of transportation business loans from revolving credit loans, to term loans that help pay for a variety of business needs.
Use Cases
How To Use a Transportation Business Loan
Transportation loans can be used for many different business expenses. They are useful not only for buying and maintaining vehicles for your limousine or hauling services, but they can also help you pay for things like rent, utilities, and marketing.
Learn Why Us-
Business Operations
Getting a business off the ground means that you might need to borrow some money to pay for day-to-day operations until you start turning a profit. Transportation financing helps businesses cover these expenses. You can even use a transport loan to pay for monthly cash flow issues.
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Equipment
Buying trucks and vans to run a transportation company costs money. There are plenty of business loans for transportations that can help with these large expenses. Some business choose a term loan to buy the vehicle outright, other choose a lease option, and still other use multiple loans to get the best value for the equipment.
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Staffing
Hiring new people to grow your operations means that you need regular cash flow in your business. You can get business loans for transportation that will help you cover these costs. This can ensure that you always have money for payroll even during times of the month when you haven’t received pay for all your outstanding invoices.
Why Apply for a Transportation Business Loan?
Cover Oil Costs
Applying for transportation finance means that you’ll always have money for oil and gas costs for your vehicles.
Invest in Marketing
Gaining new customers requires a marketing plan. Transportation finance loans can give you the funding you need for these projects.
Pay for Insurance
You know how much insurance costs for your personal car, but for your business, it’s even more. Leverage transportation financing to cover these expenses.
Minimum Eligibility Requirements
Grow your transportation and trucking businesses with the right lending. When you meet these criteria, you may qualify for a transportation business loan with Samlend Financial.
| Time in Business | Minimum 6 Months |
|---|---|
| Business Annual Growth Revenue | $240K+ Annual Revenue |
| Business Checking Account | Yes |
| US Citizen/Based Company | Yes |
| FICO Score | 570+ |
| Other Financing | None |
| Bankruptcies | None open |
Better Your Business With Samlend Financial
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Afford Operational Costs
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Purchase New Vehicles
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Repair Broken Equipment
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Hire More Employees
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Pay for Insurance
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Invest in Marketing Projects
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Have Cash for Oil Costs
Case Studies
Communications Expansion
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Funding Amount: $1 Million
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Approval Amount: $1.2 Million
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Industry: Telecommunications
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Use of Funds: Expansion
Featured Funding
Stabilizing Growth
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Initial Funding Amount: $750,000
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Add-on Opportunity: $450,000
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Industry: Manufacturing
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Use of Funds: Financial Stability, Growth
Automation Growth
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Funding Amount: $300,000
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Approval Amount: $450,000
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Industry: Manufacturing / Automation
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Use of Funds: Working capital
Featured Funding
National Food and Beverage Franchise Network
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Funding Amount: $1.4 million
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Industry: Food and Beverage Franchise
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Use of Funds: Expansion and Renovation
Organic Growth
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Funding Amount: $750,000
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Approval Amount: $1,400,000
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Industry: Organic Food Grower
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Use of Funds: Cash Liquidity
Featured Funding
Delivery Service Expansion
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Funding Amount: $100,000
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Industry: Delivery Service
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Use of Funds: Equipment
Supporting Growth in Construction
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Funding Amount: $300,000
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Early Renewal: Additional $300k available in 60 days
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Industry: Construction
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Use of Funds: Cash Flow
Featured Funding
Physical Therapy
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Funding Amount: $1,000,000
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Industry: Healthcare
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Use of Funds: Expansion, Cash Flow
Subordinate Position
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Funding Amount: $2,000,000
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Approval Amount: $2,700,000
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Industry: Professional Services
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Use of Funds: Expansion, Cash Flow
Bridge Capital for Explosive Growth
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Funding Amount: $1,000,000
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Approval Amount: $2,500,000
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Industry: Construction
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Use of Funds: Bridge Financing, Expansion
Empowering Healthcare Staffing Growth
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Funding Amount: $1,000,000
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Approval Amount: $1,400,000
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Industry: Healthcare Staffing
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Use of Funds: Expansion
Facilitating Growth in Commercial Forestry Industry
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Funding Amount: $750,000
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Industry: Forestry
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Use of Funds: Hiring Additional Staff, Acquiring New Equipment and Materials
Opportunistic Growth
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Funding Amount: $400,000
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Industry: Electric Company
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Use of Funds: Opportunistic Growth
Fueling Expansion
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Total Funding: $5,000,000
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Renewals: 4 times in 16 months
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Initial Funding: $1,100,000
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Industry: Commercial Storage
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Use of Funds: Cashflow Gaps, Growth
Crafting Culinary Success
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Funding Amount: $1,000,000
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Industry: Specialty Food
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Use of Funds: Production, Technology, Marketing
Fitness Transformations
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Funding Amount: $150,000
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Industry: Fitness and Wellness
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Use of Funds: Expansion
Brewing Success
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Funding Amount: $170,000
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Industry: Food and Beverage
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Use of Funds: Product development, customer experience, marketing
Empowering Wellness
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Funding Amount: $750,000
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Industry: Health and Wellness
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Use of Funds: Bridge Financing
In with the View
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Funding Amount: $240,000
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Industry: Construction
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Use of Funds: Expansion
Growing Green
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Funding Amount: $750,000
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Industry: Landscaping
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Use of Funds: Payables, Expansion
Crafting Success
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Funding Amount: $800,000
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Industry: Manufacturing and Wholesaling
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Use of Funds: Equity Raise, Production, Efficiencies
Advancing Medical Excellence
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Funding Amount: $720,000
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Industry: Healthcare
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Use of Funds: Equipment, Staffing, Patient Experience
Fashionable Success
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Funding Amount: $300,000
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Industry: Retail
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Use of Funds: Inventory, Renovations
Charting New Horizons
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Funding Amount: $220,000
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Industry: Travel and Tourism
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Use of Funds: Product Offering, Technology, Partnerships
Transportation Business Loans FAQ
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Transportation businesses that need funding can apply for multiple types of transportation loans. Here are some of the options:
- Transportation SBA Loans
- Line of Credit for Transport Companies
- Equipment Financing for Transportation Businesses
- Collateral Loans
- Equipment Leases
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Submitting the application could take as little as 30 minutes if you have everything you need at hand. After the application is submitted, it could take as long as 2-3 weeks to find out what you qualify for.
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No, not all transportation loans require collateral. It will depend on the type of loan and the loan terms as to whether or not the lender will require collateral. In many cases, businesses can qualify for unsecured loans to meet their transportation business loans.
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Businesses in the trucking and automotive industries should consider a transportation loan when they need more cash flow, or want to pay for oil and gas, extra staffing, and more. Businesses benefit from the simple terms of many transportation loans.
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Yes. Transportation loans could come in the form of a line of credit, a loan to purchase equipment, or a loan to buy property. Each of these loan types has specific requirements and qualifying factors that businesses need to meet for approval.
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Yes, you’ll need to show proof of your business registration, how long you’ve been in business, and how much money your business has made in the past 6 months or more. The more data you can show, the more likely you can get a loan for your transportation business.
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