FedEx ground contractor truck drivers are under a lot of pressure. Not only do they have to deliver packages safe and on time, they also must pay for fuel and maintain their trucks. With such a huge expense, it is common for FedEx owner/operators to consider buying used FedEx trucks.
As an independent contractor for FedEx, you have the freedom of running your own business and being the boss. Nonetheless, this comes with the added responsibility of handling all aspects of your vehicles. This is not cheap, and you may fare better by buying used FedEx trucks. Fortunately, Financing Solutions (www.fundmypayroll.com) is here to help.
Where Can a FedEx Owner/Operator Turn for Funding to Buy Used FedEx Trucks
When most business owners need a quick business loan, they naturally think of banks as the answer. However, traditional banks are typically reluctant to grant loans to independent contractors. In order to qualify, you must have enough collateral to cover the cost of the loan as well as nearly perfect credit.
Perhaps the most you can get from a bank is a home equity line of credit, which requires that you put your house at risk. In most cases, this is too high a price to pay when all you are looking for is a fast business loan to purchase used FedEx trucks.
There are traditional factors that may help but they often take a long time to put an agreement in place. In addition, they charge very expensive fees that could take you up to two years to pay off.
How Does Financing Solutions Help Owner/Operators Buy Used FedEx Trucks
When your business and livelihood are at stake, you need to find the right alternative lender. Many independent contractors have found what they need from spot factoring companies, like Financing Solutions.
Financing Solutions has been providing alternative financing for many current FedEx owner/operators who need cash to purchase a used truck, or for other expenses. They know the FedEx owners/operators well and understand the unique challenges that come with being an independent contractor.
Their process is fast and simple and they have easy repayment schedules. You can receive fast business financing to make payroll, purchase routes you want to buy or buy used FedEx trucks.
Best of all, you can return to them again and again if you find yourself short on cash but still need to take advantage of opportunities to grow your business. It is good to know a company like Financing Solutions that you can use like a bank line of credit.
What Are the Best Tools Available for FedEx Owner/Operators?
Every business, of all types, can use a little help now and then. You just have to know where to turn for the solutions that are right for your business.
For example, FedEx owner operators can receive resources and information from the FedEx parent company. They provide a great business model to get you started and best practices assistance along the way.
There are also many benefits to be found from technology. You can use online maps to better plan your routes and even apps to find the least expensive gas stations each day.
Perhaps your best resource is Financing Solutions. They can help with typical expenses for a FedEx contractor, such as buying used FedEx trucks to grow your business.
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.