Independent contractors are becoming a huge part of the American workforce. It is an attractive option because they are truly getting the best of both worlds. Now, more and more existing FedEx ISOs/contractors are getting lines of credit to help their business and make the choice even more appealing.
When it comes to getting small business loans, many entrepreneurs were left with two options: being turned down by a bank or getting swindled by shady, back alley deals. However, today there are alternative lenders who can help and existing FedEx ISOs/contractors are getting lines of credit to take advantage of these new opportunities.
Who Offers Lines of Credit to Existing FedEx ISO’s/Contractors?
Getting a line of credit can be a very important source of fast short term financing. Nevertheless, while they are available at traditional banks, this is not your best option.
For one thing, banks typically charge interest on a monthly basis. Also, they may require personal guarantees and you are generally subject to limiting contracts.
If you are already struggling to keep your business afloat, you don’t want the added hassle of jumping through hoops at your bank. You should also be aware that banks grant less than half of the applications they receive for small business funding.
Is There a Better Choice for FedEx ISO’s/Contractors to Get a Line of Credit?
Financing Solutions (www.financingsolutionsnow.com) has a long history of working with existing FedEx ISO/contractors and they are one of the only companies that will provide a line of credit. Best of all, the line can stay in place for 12 months and there is no charge until you actually withdraw the money.
With a line of credit from Financing Solutions, the application process is fast and easy. Once approved, you can have the money in your account the same day.
This speed is vital when you need emergency company financing or simply find yourself facing a temporary cash shortage. It’s great to get funding from a company that understands the unique challenges and stresses faced by FedEx independent contractors.
What You Need to Know about Being a FedEx ISO/Contractor Today
There are big adjustments happening in the FedEx contractor industry. It is vital that you stay informed of new developments and keep on top of trends. This will ensure that you make the best decisions about your business and getting FedEx funding.
One of the most comprehensive changes is the switch to the ISP model for the U.S. This is due to be complete by 2020. For contractors, this represents a significant modification in how you do business. Among the new terms is the right to decline package volume in certain circumstances. You now also have the opportunity to contract for geographically overlapping home and ground delivery.
FedEx is also planning several new hubs, in places like Allentown, PA., Middletown, Ct., and northern Nevada. It is part of a $1.6 billion dollar expansion effort. The company sites many reasons for this growth, such as the explosion of e-commerce in recent years. This could mean an increase in prospective FedEx routes for sale and more profitability.
Of course, the most important fact you need to know is that FedEx independent owner/operators can get funding assistance by contacting Financing Solutions. They will give you a line of credit that fits your business and helps you thrive.
Financing Solutions LLC is not endorsed by and is not recommended by Federal Express Corporation and Fedex Ground. Financing Solutions LLC is not sponsored by, is not approved by, is not associated with, and has no connection whatsoever with Federal Express Corporation or Fedex Ground.
