Application for a FedEX ISP Business Line of Credit

Things happen when you own your FedEx routes, and having a backup financing plan in place is a smart move. Our FedEx clients have used their line of credit for emergency repairs, to rent extra trucks, to pay for unexpected truck repairs, and for many other unexpected events.

There are zero costs to get the line of credit financing in place. No setup fees, no yearly maintenance fees, and you are not required to use the line. Running a business often involves dealing with unexpected problems, and smart businesspeople have backup plans. A credit line gives you flexibility, options, and peace of mind.

You might have received calls from companies claiming to offer lines of credit. Many of those “financing companies” are really providing expensive cash advances through brokers. Cash advances are a fixed amount of money with a set payment schedule, and brokers are paid large finder’s fees. A line of credit allows you the flexibility to use it when you want and pay it off at any time, and when you pay it off, you are just paying off principal with no added early payment fees. A line of credit is far less expensive and more flexible than a cash advance.

A bank line of credit may or may not be cheaper than our line of credit, depending on how much you plan to use it. However, a line of credit from a bank will require upfront costs, take months to establish, and require significant time to apply for and maintain.

A line of credit is used for short-term cash flow needs when cash on hand is temporarily low. Your FedEx ISP is approved for a certain amount and has access to it at any time for any reason. A fixed loan has a fixed payment schedule, a much larger loan amount, and is repaid over years. A fixed loan is used to purchase a route.

Fill out the simple 2-minute application, have a live conversation with one of our Managing Partners, submit basic business documents, and sign the final contract. Your line of credit is ready whenever you need it. We have a 90% approval rate for FedEx ISPs. Always a good idea to get a credit line in place so you have it ready for cash flow challenges.

If an opportunity to buy a new route came your way, or to get a good deal on a used truck, could you take advantage of it — even during peak holiday season? Access to your credit line provides additional capital as needed.

No business owner ever thought they had too much cash on hand, and every FedEx route owner we have worked with has used their line of credit — even those who thought they might not need it. Getting business financing quickly is very hard, and having the foresight to get our line of credit in place — especially since it doesn’t cost anything until used — is a smart business move.

Over the years, FedEx Corporate has introduced numerous requirements for FedEx ISP route owners. A number of years ago, it was camera requirements; now, FedEx Network 2.0 requires greater operational efficiency, which may require additional capital investment in technology, compliance, and fleet upgrades. A line of credit can provide the resources you need when changes come down from FedEx.

In general, a line of credit isn’t the best way to finance the purchase of additional routes — mainly because a line of credit won’t be large enough or suitable as a long-term business loan. However, our line of credit may help with down payments when new route opportunities arise, buying you time to secure better long-term loans.

Any business owner knows what it feels like to worry about making payroll at times. Although it doesn’t come up very often with FedEx ISPs, there are occasions when expenses such as very high fuel prices, unexpected vehicle repairs, and additional training can reduce cash reserves — leading to missing payroll risk. Missing or delaying payroll is illegal, and if you have ever missed payroll, you know how many employees live paycheck to paycheck. Plus, if FedEx becomes aware of payroll issues, it could jeopardize your standing under the contract.

If you haven’t been through a business loan or line of credit process with a commercial bank, you would be surprised how difficult it is to get approved — and how tedious the process is. Our line-of-credit process for FedEx ISP route owners is simple and fast. After you fill out the 2minute online application, we schedule a phone call, then ask for a few simple business documents. We commit to reviewing all documents and giving you an approval decision within 48 hours. It’s a simple and painless process.

Financing Solutions provides an unsecured line of credit to your FedEx ISP. The key advantage is that we do not place a lien against any of your business or personal assets as long as you are in good standing. This keeps you free to obtain or maintain other financing options. It also speeds up the approval process. A bank, by contrast, would require the financing to be secured against your business and personal assets — and if you are married, your spouse would be required to co-sign.

Financing Solutions has worked with FedEx ISPs for over a decade. We know how your business works and how valuable your time is. FedEx clients have consistently commented that our company is extremely responsive, knows their business, and is very flexible. Common feedback about our line of credit: “It’s easy to get in place, it’s inexpensive when used, and it’s a valuable backup plan.”

Financing Solutions was founded in 2012 by Managing Partners Stephen Halasnik and Keith Giovannoli, who over the prior 25 years had built several companies and experienced firsthand how difficult — and how important — it is for small businesses to have access to a line of credit. That experience working with commercial banks to obtain business loans, lines of credit, and factoring, and to sell businesses, drove Stephen and Keith to create a faster, simpler, and more affordable alternative. Our line of credit was designed based on what we would have wanted access to when building our own businesses.

As word spread, FedEx ISPs began reaching out to us early on, and we developed a strong reputation within the ISP community. We maintain a perfect 5-star Google review rating because customers genuinely appreciate what our line of credit does for them — and because our owners are directly accessible when you have an issue.