So when you started a transportation business, things are going well, but you can tell you need a little extra something to really help the business take off. What you need is working capital. Working Capital is the bread and butter of any business need. it’s the cash you have on hand for your day-to-day operations. Without it, your business is sure to struggle. Take a look at all the ways working capital can help advance your transportation business, and consider whether a working capital. loan is what you need to get the ball rolling. With a working capital, you can do a lot of thing in the transportation business.
STAY ON TOP OF THE MAINTENANCEAND THE REPAIRS: Some vehicles in your fleet could be “just like new” with proper maintenance. Spend some of your working capital on maintaining your cars — think oil changes, new tires, etc. Without a regular maintenance, you could find yourself facing a more serious, and much more expensive, repair in the future. Trust us, you’re not going to be doing much business if your entire fleet is grounded due to maintenance issues.
INVEST IN THE BEST THECNOLOGY: Installing GPS tracking and other enterprise technologies into the operations management of a transportation business can reduce loss, which should always be a priority. You could also integrate customer service management software as a way to improve profits through continuous communications, feedback and reporting when drivers are on the road.
UPGRATE YOUR FLEET: Investing in new vehicles is a key recommendation for any transportation business. Your fleet is what makes your money, so deteriorating or malfunctioning vehicles are going to really hurt your bottom line. A working capital loan is a great way to get you the money you need to upgrade your vehicles.
Getting a working capital from your local Bank can be very frustrated. You may have to wait weeks or even months for an answer. The bride side to working with H and J Capital Group is that we are here to help you get the best competitive terms and rates in the Merchant Cash Advance industry. Apply is very fast and simple. The documentation is minimal, no collateral and personal low credit is not a problem. A very fast turnaround for approvals and receiving the funds. After the offer is accepted it will take between 24 to 72 hours to get the funds wire into your Bank.