Drivers for Federal Express have the opportunity to be very successful, especially if they are able to increase their number of routes. If you are in this position, you may need to know where a Fedex contractor can get financing for a route they want to buy.
How does a Fedex contractor get financing for routes they want to buy is a common question among independent contractors. Thankfully, you do have options, but some are better than others.
Can a Fedex Contractor Get Financing for Route They Want to Buy
You may believe that a bank is the only place to go to get financing for a route you want to buy but, truthfully, this is not the best option. Banks are reluctant to grant loans for route-based businesses. In addition, you will be subject to the same intense scrutiny as any other small business owner so if you don’t have excellent credit and tons of collateral, you will likely be denied a quick business loan from a bank.
For a better choice, turn to a cash advance company, like Financing Solutions (www.fundmypayroll.com), for funding for a route you want to buy. They have helped many Fedex contractors get the money necessary to grow their businesses.
They understand the unique challenges of being a Fedex contractor, such as purchasing routes and servicing your trucks. Best of all, they make the process of obtaining fast business financing quick and easy.
You can apply in minutes and receive a decision on your application in a few hours. Once approved, you can have the money you need in less than two days. Therefore, you don’t have to miss opportunities to buy new routes.
With Financing Solutions, there is no long term commitment. You can repay the quick business financing you receive in a couple of weeks or months, when your cash flow is stronger.
The Freedom of Your Own Route
Being a Fedex contractor gives you the freedom of a small business owner while still having the advantages of a big name company behind you. Many people make a great living in the profession. However, you must know how to get the maximum benefit from this career.
One way to do that is by purchasing new routes. Buying additional routes can add significant income to your business. In many cases, you can earn double the purchase price within a year. Also, purchasing an existing route often means that you get the trucks and employees to go with it.
Important Facts about Being a Fedex Contractor
There are many misconceptions about what it takes to be a Fedex contractor. It is important to have all the facts you need for your business to grow and thrive.
A crucial thing to know is the workings of the operation. For example, you must be registered as a corporation before contacting Federal Express. You should find out how long this process takes in your state.
Also, it is important to note that buying an already established route is faster than getting a new one. With approximately 4,000 Fedex contractors, it should be easy to find one in your area who wants to sell a route.
Another important fact about being a Fedex contractor is the ability to get fast business funding for routes you want to buy. Let Financing Solutions be your quickest route to success.
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.