The Ultimate Guide to Trailer Financing
Trucking can be a profitable business to get into — but getting started in this industry? That takes resources. Financing and funding to kickstart or expand your trailer business ought to play a central role in your strategy. Prior to making a decision, know that buying tractor-trailers are expensive. Manning, equipping, and maintaining an […]
Understanding Factor Rate and How it Determines Your Business Loan Repayment Plan
Unlike personal loans and mortgages, equipment financing/leasing doesn’t account for an interest rate or APR. Instead, the amount of interest you’ll end up paying is calculated using a method called factor rate. A factor rate — is essentially “interest”, but calculated at the outset of the loan and spread across your payments throughout the borrowing […]
Best Business Loans for Bad Credit in 2024
Obtaining small business loans with bad credit can be a stressful task. Not to mention most traditional lenders, like banks, use your credit score to determine your creditworthiness. In general, with poor credit, it makes it that much more difficult to finance your business plans. According to a survey conducted by NSBA, or National Small […]
How to Finance Medium Duty Trucks
The American economy heavily depends on medium duty trucks to transport vital goods. According to the American Trucking Association, these goods are more than 70% of US freight tonnage. Industries such as hospitals, food, and beverage use these medium duty trucks to move medicines and goods. Needless to say, without trucks, the US economy could […]
How to Get Drill Rig Financing
Interested in drill rig financing? You’ve come to the right place. First Capital Business Finance is proud to offer drill rig financing that fits your needs. Read on to learn how to get drill rig financing through First Capital. Talk to the Experts The Steps to Getting Drill Rig Financing A drill rig, or a […]
Heavy Duty Tractor & Trailers Factoring
Understanding Commercial Truck Factoring: Commercial truck factoring is a financial solution tailored for trucking companies facing cash flow challenges. In this arrangement, trucking businesses sell their outstanding freight invoices to a third-party financial institution, known as a factoring company. Rather than waiting for clients to make payments on these invoices, trucking companies receive immediate cash […]
Benefits of Freight Factoring
You’ve been thinking about freight factoring a lot, especially since you started seeing ads for it pop up everywhere. But as you think about it more, you wonder if there’s any real benefit. “Freight factoring seems good, but will it really help?” If this sounds like you, we understand. Freight factoring can seem really great, but unless it […]
The Beginner’s Guide to Semi Truck Financing
Semi Truck Financing Guide You’ve done it! After much hard work, you’ve decided to become your own owner/operator. But as you start to look through all the necessary steps to get going, you realize you’ll need semi truck financing. “There’s got to be a good way to do this,” you think. “But how?” If you’ve […]
Can I get heavy equipment financing with bad credit?
Heavy equipment financing with bad credit: does it exist? Yes! Is heavy equipment financing with bad credit affordable? Absolutely. Most business owners, at some point or another, need heavy equipment to start their business or need upgraded equipment to continue growing and improve their service quality. Do any of these sound like you? You’re ready to […]
Box Truck & Sprinter Van Financing Made Easy
Box Truck & Sprinter Van Financing Made Easy with First Capital At First Capital, we understand the crucial role that box trucks and Sprinter vans play in various industries, from logistics and delivery services to small businesses and startups. Our financing solutions are tailored to simplify the acquisition process for these versatile vehicles, ensuring that […]
