Existing FedEx Route Owners Getting a Line of Credit to Help Their Businesses
It is vital for all existing businesses to help make the world a better place. But who helps these businesses achieve their goals. For example, where do existing FedEx route owners get help for their business?
Today’s FedEx route owners have it tough. New regulations, rules and business models have made their jobs more confusing than ever. Getting a line of credit (LOC) can help provide the cash flow necessary to deal with these changes.
Challenges for Existing FedEx Route Owners
Due to lawsuits and court rulings, the model for FedEx route owners is changing. Previously, you only needed to set your business up as a corporation and you could be a FedEx independent contractor.
The new rules, which will go into effect by 2020, will require more. Now, FedEx owner operators will have to own at least five routes or 500 stops a day.
Existing FedEx route owners may have to buy more routes, sell their routes or merge with another contractor to meet these requirements. Any of these options will demand a significant amount of fast business cash.
Who Offers a Line of Credit for Existing FedEx Route Owners?
Financing Solutions (www.financingsolutionsnow.com) has been the leader in giving LOC to existing FedEx route owners with their line of credit product. It is easy to get in place and allows the FedEx contractor to even out cash flow. Note: you must be an existing route owner to get the LOC.
At Financing Solutions, you can get a $5,000 to $150,000 line of credit or business cash advance. The application process is fast and easy. All it takes is a 15 minute phone call to get started. You can have the money you need in your account in less than 48 hours.
Best of all, the cash can be used for any business purpose. This includes purchasing or repairing trucks, making payroll or buying routes for sale. Many FedEx contractors turn to them again and again for short term business funding.
What You Need to Consider Before Buying an Existing Business
Many people mistakenly believe that if a business or FedEx route is for sale, there must be something wrong. On the contrary, businesses are offered for sale for numerous reasons. Perhaps the owner is no longer passionate about the business. Maybe his lifestyle has changed or he simply wants to do something different. In any case, you have an opportunity to take advantage, but there are a few factors you need to consider.
First, you should do research about the route or location. Is it convenient for you to travel to or manage employees from? Remember that the route or location of your new business will impact everything related to your bottom line.
You must also consider size. A bigger business could mean bigger profits. However, it could also increase your stress level and transition issues.
Of course, the most important factor in purchasing an existing business is whether you can afford all associated costs. You can worry less about that with fast business funding from Financing Solutions. They will help you make your existing business an even bigger 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.