Challenges for Logistics and Transportation Businesses
Logistics and transportation businesses can rely on the fact that there will always be a need for moving raw materials, inventory, and other products around the country. However, new competition, technology, or unexpected expenses can easily threaten your stability and require significant cash reserves.
You need access to working capital to meet these challenges and capitalize on opportunities, but securing loans from banks can be difficult. If your business is smaller, or you’ve had credit issues in the past, you may be turned away. Even if you qualify, it can take up to several months to get the cash you need now.
Working Capital from iBusiness
Working capital from iBusiness is different. We evaluate your application based on your real-world business data, not on just personal FICO scores, and make a decision in less than 24 hours. If you are approved, you can get up to $250k deposited directly into your business account in 72 hours or less. How do you pay it back? We work with you to find the correct product that will be automatically deducted from your business bank account.
Advancing Your Business
What can you use your funding for? It’s up to you, but logistics and transportation business owners have used their working capital for:
- Hiring new staff.
- Upgrading technology to be more efficient.
- Buying or servicing equipment and vehicles
How do you know if you qualify? Most businesses that have been around for at least six months and have a monthly revenue $6,500 or more can get funding from iBusiness. Don’t wait any longer – click the “get started now” button or call us at 855-462-4249.